Adlabs post profit after tax of Rs 220 mn


MUMBAI: Reliance Anil Dhirubhai Ambani Group’s (ADAG) Adlabs Films has reported profit after tax (PAT) of Rs 220 million (Rs 22 crores).


The company’s revenues across all divisions logged growth in the quarter as compared to the corresponding quarter last year. The cinema division grew by 75 per cent to Rs 420 million (Rs 42 crores) 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 240 million (Rs 24 crores) and now has a market share of over 70 per cent in the Hindi film print business.


On the other hand, the content production and distribution business grew by 10 per cent, contributing Rs 470 million (Rs 47 crores)


Adlabs Films chief financial officer Venkat Devarajan said, “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.”