Adlabs posts 49 percent revenue growthOctober 26th, 2008 - 6:35 pm ICT by IANS
Mumbai, Oct 26 (IANS) Adlabs Films Ltd, belonging to the Reliance Anil Dhirubhai Ambani Group (R-ADAG), logged an overall revenue increase of 49 percent, taking its income to Rs.2.17 billion, in the quarter ended Sep 30 this year, the company said. Adlabs’ revenue from the cinema division grew 119 percent to Rs.890 million (Rs.89 crore), the company said in a statement.
Its film processing and services division recorded a 75 percent growth, earning revenues of Rs.380 million, while the film production and distribution fetched Rs.700 million.
Significantly, from a mere Rs.10 million in the corresponding period last year, the company’s revenues from the television content business increased to Rs.140 million.
On a sequential trailing quarter basis (April to June quarter), turnover and operating EBIDTA (earnings before interest, tax, depreciation and amortisation), grew respectively 21 percent and 30 percent. This, however, excludes radio.
The Board of Adlabs Films at a meeting Oct 25, decided to revive the proposal for hiving its radio business to its wholly-owned subsidiary, Reliance Unicom Ltd, from April 1, 2008, the company’s CEO Anil Arjun said in the statement.