Adlabs reports 42% growth in revenue
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 year ended March 31st 2008.
As this is a 9 month period, the audited results would not be comparable with those of the last financial year which was a 15 month period.
Adlabs logged strong growth in all its business segments:
- The cinema division revenue at Rs 127 crores, grew by 86 % on annualized basis. At 166 screens, Adlabs is the largest cinema chain in the country.
- The film processing and allied services revenue at Rs 67 crores, recorded a 16 % increase over the previous year on annualized basis
- The content production and distribution business at Rs 143 crores this year saw a total income growth of 50 % on annualized basis
Venkat Devarajan, CFO – Adlabs Films Ltd, said, “We see a strong year ahead buoyed by several big releases in the forthcoming quarters such as Sarkar Raj, Love Story 2050, Singh is Kinng and more. Our exhibition division is in a major growth phase with the setting up of chains in the US and Malaysia, as well as the continuation of our expansion within India. The state-of-the-art digital post production facility will provide a significant value addition to our processing lab services.”