Top Story

e4m_logo.png

Home >> Media - TV >> Article

Adlabs Q3 consolidated revenues up 23 per cent, net profit at Rs 22 crore

01-February-2008
Font Size   16
Share
Adlabs Q3 consolidated revenues up 23 per cent, net profit at Rs 22 crore

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.

Tags

Our typical marketing budget is usually 10 per cent of the topline spend

There are some forces impacting the way our business works. The IT/ITeS sector has changed tremendously. Platforms like Twitter have made everyone journalists. Smartphones have made everyone a photographer. The trend that we are seeing is one of hyperdigitalization, which is causing the lines between product and services to blur. For example, <a href=http://www.exchange4media.com/company/news/amaz...

The OOH sector is among the fastest growing, globally. Brands and marketers have realized its potential and impact and begun to craft medium-specific adverts. Self-regulation is not only necessary but also essential to growth of the sector. The industry needs to exercise a certain level of this self-restraint to prove its commitment to maintaining the best standards in advertising.

<b>Clients are looking for experiential solutions beyond radio or print: Abraham Thomas, Radio City 91.1 FM</b><br><br> From entering new markets to launching large format events, Radio City 91.1FM has been on a roll. The radio channel recently announced the launch of India’s biggest singing talent hunt-Radio City Super Singer Season 8. Earlier this year, the channel set up its own creative-cum...

Under the watchful eye of Walt Disney, Bindass undergoes brand repackaging with a fresh new show ‘Dil Buffering’ simulcast across its linear and social media platforms on September 29 and will launch...

Apart from the mandate for the first project which is the Ashiana Town in Bhiwadi, Tomorrow and InterTwined will deliver brand solutions across film, print, radio, outdoor and activation besides provi...

Despite advertising picking up after a slow Q1, regional FM players still feel that the lingering effect of GST, RERA, demonetisation will still make its impact felt during the upcoming festive quarte...