Pathaan helps Yash Raj Films post blockbuster Rs 1,508 crore top line
Yash Raj Films' revenue for the fiscal ended March 31, 2023, surged almost 2.5 times on-year to '1,508 crore on the back of Shah Rukh Khan-starrer Pathaan's superlative box office performance.
The company had recorded revenues of '619 crore in FY22, according to its regulatory filings with the Registrar of Companies (RoC).
«It's been one of our best years in our 50-year history,» Akshaye Widhani, chief executive of Yash Raj Films (YRF), said about calendar 2023. «Our hits have been more than our misses due to our focused content approach,» he told ET, referring to the performances of Pathaan and Salman Star-starrer Tiger 3, which was released in November.
Widhani refused to comment on the financials since YRF is a privately held company.
Global box office collections of Pathaan, which made its theatrical debut on January 25, and Tiger 3 stood at '1,100 crore and '480 crore, respectively.
Widhani said the five films in the YRF Spy Universe franchise have garnered close to '3,000 crore in the global box office.
The company's net profit for FY23 increased 10.3% to '117 crore, while expenses zoomed over 2.8 times to '1,375 crore, as per its RoC filing.
The surge in FY23 revenue and profit is despite the underperformance of Ranveer Singh's Jayeshbhai Jordar, Akshay Kumar's Samrat Prithviraj, and Ranbir Kapoor's Shamshera last fiscal.
Widhani said the Indian film industry has bounced back in 2023 with highest-ever box office collections and addition of a record 250 movie screens.
«The outlook for 2024 and thereafter is very positive,» he added.
Fiscal year 2023 also marked YRF's foray into streaming with the launch of docuseries The Romantics on Netflix. The company this year produced a four-part thriller series, The
