In comparison to the first quarter of last year, 2014’s first quarter has witnessed a sharp decline in profits at the box office. According to trade pundits, the loss ranges between Rs 175 crore to Rs 200 crore. Around 40 films released during this period and the biggest release, 'Jai Ho', raked in more than Rs 100 crore.

'Miss Lovely' finally released in January, after doing the rounds of the film fest circuit, to lukewarm response at the box-office