KJo seeks to sell majority stake in Dharma Productions: Report
Karan Johar, the head of Dharma Productions, is reportedly planning to sell a majority stake in his production house. According to Bollywood Hungama, citing a report by Exchange4Media, the producer-director has approached some of India's largest corporations for investment. The potential investors are believed to be top business houses based in Mumbai, Kolkata, and Ahmedabad. A music company is also among the frontrunners, reportedly.
Dharma Productions's financial performance
Amid talks of seeking investors, Dharma Productions's financial performance has come under scrutiny. The leading production house's financial data reveals a decrease in post-tax profit from ₹27.1cr in FY (financial year) 2022-23 to ₹10.70cr in FY 2023-24. However, the total revenue for FY23 significantly increased to ₹1,044cr from ₹278cr in FY22. The company's borrowings amounted to ₹82cr in FY23—slightly less than the previous year's total of ₹92cr.
Dharma Productions's 2024 releases and upcoming projects
On the other hand, Dharma Productions has a busy pipeline for 2024. In the first half of the year, it released four films, including Yodha, Mr & Mrs Mahi, Kill, and Bad Newz. Two more films, Jigra and Dhadak 2, are scheduled for release in October and November respectively. Devara, a film presented by Dharma Productions featuring Jr NTR, Saif Ali Khan, and Janhvi Kapoor, is also set to hit the screens this year.
