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Reliance MediaWorks Q2 net loss down at Rs 11 cr; revenues show an increase

23-October-2009
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Reliance MediaWorks Q2 net loss down at Rs 11 cr; revenues show an increase

Reliance ADA Group’s Reliance MediaWorks Ltd, formerly Adlabs Films, has reported an 80 per cent increase in its total income from operations for Q2 FY10 at Rs 189 crore, over the trailing quarter. The company has also managed to cut down its net loss to Rs 11 crore, as compared to a loss of Rs 64 crore in the previous quarter.

The EBIDTA from operations stood at Rs 34 crore against loss of Rs 9 crore in the previous quarter. During the quarter, Reliance MediaWorks had been involved in film exhibition, film and media services, as well as television software.

Meanwhile, exhibition division revenues rose by 62 per cent to Rs 115 crore in Q2, while film and media services revenues were also up by 64 per cent at Rs 48 crore. Big Synergy, the television production venture, recorded a steep 392 per cent growth in revenues to Rs 24 crore.

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