New Delhi, Jan 31 (UNI) Entertainment conglomerate Adlabs Films Limited (ADLABS), a member of the Reliance Anil Dhirubhai Ambani Group, has announced its results for the quarter ended on December 31, 2007 with revenues across all divisions logging growth in the quarter as compared to the corresponding quarter last year.
The quarter ended December 31 last year saw the company's cinema division grow by 75 per cent to Rs 42 crore, according to the results announced last night.
ADLABS is now operating 131 screens and 45 properties across the country.
The motion picture processing and services division recorded a 26 per cent increase in revenues at Rs 24 crore and now enjoys a market share of over 70 per cent in the Hindi film print business.
The content production and distribution business grew by 10 per cent, contributing Rs 47 crore.
Consolidated revenues of the company grew by 23 per cent to Rs 129.5 crore while EBIDTA grew by 73 per cent to Rs 51 crore and the PBT grew by 45 per cent to Rs 37 crore. The PAT was at Rs 22 crore.
Commenting on the results, CFO ADLABS, Venkat Devarajan, said,''we have been launching new cinema properties at an aggressive pace. Our television business too, Synergy Adlabs, has been expanding rapidly in new genres and even regional languages.
One of the most important features of this quarter has been the operational growth across divisions. This augurs well for the future.'' A member of the Reliance Anil Dhirubhai Ambani Group, Adlabs is one of the leading movie and entertainment companies in India with a dominant presence across the value chain- production of films and TV content, film processing and services, domestic and international distribution of content and cinemas.
Adlabs currently has a market capitalisation of over Rs 5000 crore.
UNI AR SP HT1706