During Monday’s trading session, the shares of one of the leading Indian entertainment content production companies hit a 20 percent upper circuit at Rs. 11.95 on BSE, after the company’s Board approved incorporating a subsidiary in the field of Media and Entertainment.
With a market cap of Rs. 143.6 crores, at 03:08 p.m., the shares of Bodhi Tree Multimedia Limited were trading in the green at Rs. 11.49, up by nearly 15.4 percent, as compared to its previous closing price of Rs. 9.96.
What’s the news
Bodhi Tree Multimedia Limited, in its latest regulatory filings with the stock exchanges, announced that its Board has approved the incorporation of a subsidiary in the field of Media and Entertainment, with a 51 percent subscription to its share capital.
The approved subsidiary will be named Mad Lab Alpha Private Limited, or another name as approved by the Ministry of Corporate Affairs, having an authorised capital of Rs. 1 lakh.
The proposed subsidiary company incorporated in India shall carry out business in the field of Media and Entertainment.
Financials
Bodhi Tree Multimedia reported a marginal growth in revenue from operations, experiencing a year-on-year increase of nearly 7.6 percent, rising from Rs. 13.02 crores in Q2 FY24 to Rs. 14.01 crores in Q2 FY25.
Similarly, during the same period, the company’s net profit increased from Rs. 0.98 crores to Rs. 2.25 crores, representing an impressive growth of around 129.6 percent YoY.
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Key Financial Ratios
In terms of key financial metrics, Bodhi Tree Multimedia has a Return on Equity (RoE) of 13 percent and a return on capital employed (RoCE) of 18.4 percent. Additionally, the company’s debt-to-equity ratio stands at 0.87.
Stock Performance
The stock has delivered negative returns of nearly 42 percent in one year, as well as around 19 percent returns in the last six months. Likewise, the shares of Bodhi Tree Multimedia have given negative returns of about 6 percent in the last one month.
About the company
Incorporated on 4th July, Bodhi Tree Multimedia Limited is a prominent leader in television content production in India, particularly for Hindi language content and has also successfully ventured into the regional television content market and Internet-based programs.
On 15th February 2023, the company received migration approval from the National Stock Exchange (NSE), migrating from the NSE Emerge platform to the mainboard platform of both the NSE and the Bombay Stock Exchange (BSE).
Written by Shivani Singh
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