Adlabs Films Ltd, part of the Reliance Anil Dhirubhai Ambani Group, has announced its financial results for the quarter ended December 31, 2007. The consolidated revenues have grown by 23 per cent at Rs 129.5 crore, while profit after tax stood at Rs 22 crore.
A media statement from the company noted that revenues across all divisions of the company had logged growth in the quarter as compared to the corresponding quarter last year. The cinema division grew by 75 per cent to Rs 42 crore, while the motion picture processing and services division recorded a 26 per cent increase at Rs 24 crore. Meanwhile, the content production and distribution business grew by 10 per cent, contributing Rs 47 crore.
Commenting on the results, Venkat Devarajan, CFO, Adlabs Films Ltd, said, “We have been launching new cinema properties at an aggressive pace. Our television business, Synergy Adlabs, too, 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.”
The cinema division is now operating 131 screens and 45 properties across the country, while the motion picture processing and services division now reportedly enjoys a market share of over 70 per cent in the Hindi film print business.