Press release
ADLABS RECORDS 73 % EBIDTA GROWTH Y-O-Y IN DECEMBER ‘07
~ Revenues at Rs 129.5 crore ~
QUARTER HIGHLIGHTS (Y-O-Y)
- Consolidated revenues grew by 23 % to Rs 129.5 crore
- EBIDTA grew by 73 % to Rs 51 crore
- PBT grew by 45 % to Rs. 37 crore
- PAT was at Rs 22 crore
Mumbai, January 30th 2008: Adlabs Films Limited (ADLABS), a member of the Reliance Anil Dhirubhai Ambani Group and the leading entertainment conglomerate in the country, announced its results for the quarter ended December 31st 2007.
Revenues across all divisions of the company 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 and is now operating 131 screens and 45 properties across the country
- The motion picture processing and services division recorded a 26 per cent increase at Rs 24 crore and now enjoys a market share of over 70% in the Hindi film print business
- The content production and distribution business grew by 10 per cent, contributing Rs 47 crore
Venkat Devarajan, CFO – Adlabs Films Ltd, commented on the results saying, “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.”
About Adlabs Films Ltd: (BSE: 532399, NSE: "ADLABSFILM")
Adlabs, a member of the Reliance Anil Dhirubhai Ambani Group, 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 capitalization of over Rs. 5000 crores. (www.adlabsfilms.com)
For more information, please contact :
Anjali Malhotra
Manager – Brand Communications
Ph: +91 9323021484
Email: anjali.malhotra@adlabsfilms.com |