Adlabs Films’ Q3 net profit up at Rs 230 mn

MUMBAI: Reliance Anil Dhirubhai Ambani Group company – Adlabs Films Limited has posted a growth of 257 per cent in consolidated revenues at Rs 1.05 billion (Rs 105 crore) for the third quarter ended 31 December, 2006 as compared to Rs 290 million (Rs 29 crore) in the corresponding quarter previous year.


EBIDTA stood at Rs 290 million (Rs 29 crore), up 121 per cent from Rs 130 million (Rs 13 crore) in Q3FY06. The company’s consolidated profit after tax (PAT) grew 215 per cent to Rs 230 million (Rs 23 crore) compared to Rs 70 million (Rs 7 crore) in Q3FY06.


Consolidated revenues for the nine months ended 31 December, 2006 grew 225 per cent to Rs 2.42 billion (Rs 242 crore) over corresponding period previous year. EBIDTA for the nine months grew 131 per cent to Rs 770 million (Rs 77 crore) while PAT at Rs 570 million (Rs 57 crore) registered a growth of 203 per cent. 


Revenues across all three divisions of the company namely – film processing and trading, theatrical distribution and film production and distribution business – witnessed growth in Q3FY07. The film processing and trading division logged in eight per cent year-on-year growth at Rs 190 million (Rs 19 crore). The theatrical distribution division grew by 184 per cent year-on-year to Rs 240 million (Rs 24 crore), while the film production and distribution business saw a total income of Rs 430 million (Rs 43 crore) this year.


Adlabs Films chairman and managing director Manmohan Shetty said, “The overall business scenario is encouraging and we are happy with the performance in this quarter. We expect the same trend to continue in the future.”


The company currently has a market capitalization of over Rs 18 billion (Rs 1800 crores).


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