During Wednesday’s trading session, the shares of one of the leading content creation and production companies surged nearly 11.7 percent, reaching Rs. 30.1 on NSE, after the company announced scheduling a Board meeting to consider a stock split.
With a market cap of Rs. 37.5 crores, at 11:23 a.m., the shares of Inspire Films Limited were trading in the green at Rs. 27.55, up by nearly 2.2 percent, as against its previous closing price of Rs. 26.95.
What’s the News
Inspire Films Limited, as per the latest regulatory filings with the NSE, announced scheduling a Board meeting to consider and approve the stock split proposal.
The meeting is scheduled to be held on Tuesday, 21st January 2025. During this session, the Board of Directors will consider and approve the alteration in the share capital of the company by sub-division/split of existing equity shares having a face value of Rs. 10 each, fully paid up, subject to their decision.
Previous News
14th October 2024: Inspire Films announced a new partnership with a popular Hindi General Entertainment Channels (GECs) for a TV daily soap/drama. Production of this show is set to begin in the later Q3 FY25, with the show expected to premiere in early Q4 FY25.
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Financials
Inspire Films reported a decline in revenue from operations, experiencing a year-on-year decrease of nearly 81.2 percent, falling from Rs. 21.3 crores in H1 FY24 to Rs. 4 crores in H1 FY25.
Similarly, the company’s net profit decreased from a profit of Rs. 1.44 crores to a loss of Rs. 3.8 crores over the same period.
About the Company
Established in 2012 and headquartered in Mumbai, Inspire Films Limited is engaged in the business of producing original digital content of various genres for television and OTT channels. It focuses on comprehensive roles, including project financing, talent acquisition, and meticulous oversight throughout production phases.
Written by Shivani Singh
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