Adlabs Films posts a growth of 257 per cent in Q3

Mumbai, Jan 23 (UNI) Adlabs Films Limited, a member of the Reliance Anil Dhirubhai Ambani Group and one of the leading entertainment conglomerates in the country, has posted a growth of 257 per cent in consolidated revenues at Rs 105 crore for the third quarter ended December 31 as compared to Rs 29 crore in the corresponding quarter previous year.

EBIDTA stood at Rs 29 crore, up 121 per cent from Rs 13 crore in the same period. Consolidated profit after tax (PAT) grew 215 per cent to Rs 23 crore compared to Rs 7 crore during the same period last year, said a company release here today.

Consolidated revenues for the nine months grew 225 per cent to Rs 242 crore over corresponding period previous year. EBIDTA for the nine months grew 131 per cent to Rs 77 crore while PAT at Rs 57 croreregistered a growth of 203 per cent. The film processing and trading division logged in 8 per cent y-o-y growth at Rs 19 crore.

The theatrical distribution division grew by 184 per cent y-o-y to Rs 24 crore while the film production and distribution business saw a total income of Rs 43 crore this year.

Commenting on the performance, Manmohan Shetty, Chairman and Managing Director, said, ''The overall business scenario is encouraging and we are happy with the performance in this quarter.

We expect the same trend to continue in the future.'' UNI