That is true. But on twitter there is video in which nimrat kaur mentioned that all shows of “test case” will be released in early 2018.
Also compared to competition, Balaji is still producing shows at much faster rate. And there are people who like their shows. Basically we have to look at downloads n subscribers to get full picture. And alt has approx 6 mn downloads and is the highest grossing entertainment app after netflix and hotstar - means they are going in the right direction.
Plus I am waiting for the release of “Bose” that will attract many many more eye balls. Please read the comments on you tube of “Bose” trailer! It is simply super should significantly alter people’s perception about Balaji and ALT.
Plus they have done some restructuring of their subsidiaries and that will result in the TV profits utilizing accumulated losses of movies business - thus tax outgo in coming couple of years will be minimal to zero. Should boost PAT.
Invested and very biased and so please check facts yourself and do your research before committing! I have been wrong many times in the past!