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Excel Entertainment's Profit Jumps Amidst Diverse Slate
7 Jan
Summary
- Excel Entertainment reported Rs. 8.19 crore net profit on Rs. 147.41 crore revenue for FY 2023-24.
- The studio's net margin decreased to 5.6% in FY 2023-24 from 17.9% in FY 2022-23.
- Excel Entertainment's 11-year average revenue stands at Rs. 130 crore with Rs. 7.3 crore profit.
For the financial year 2023-24, Excel Entertainment reported a net profit of Rs. 8.19 crore on revenues totaling Rs. 147.41 crore. This performance reflects a diversified content strategy, including theatrical releases like 'Fukrey 3' and 'Madgaon Express,' alongside digital productions such as 'Friday Night Plan.' The studio's net margin for this period was approximately 5.6%.
Comparing this to the previous fiscal year, FY 2022-23, Excel Entertainment generated Rs. 44.14 crore in revenue but achieved a significantly higher net profit of Rs. 7.90 crore, resulting in a net margin of 17.9%. This was attributed to a lean slate anchored by major co-production revenues from 'KGF - Chapter 2' and 'Phone Bhoot,' complemented by income from established franchises like 'Mirzapur' and 'Inside Edge.'
