Reliance MediaWorks Limited
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BSE Code:
532399
NSE Code:
RELMEDIA
Business Profile
Business Profile
Adlabs Films (ADLABSFILM) is an integrated entertainment conglomerate that covers the entire value chain from film production and processing to distribution, exhibition and radio. Founded by Vasanji Mamania and Manmohan Shetty in 1978, it went public in 2000. Anil Ambani`s Reliance ADAG holds 51% stake. Manmohan Shetty is the chairman and managing director of the company.
The company creates content for movies, television, and animation. It has international distribution with presence in USA & UK and in key film territories of Mumbai, Maharashtra, Gujarat, Delhi, UP and Punjab. It has film processing facilities in Mumbai, Chennai, Kolkata and is expanding portfolio by investing in studios and infrastructure. The company has exhibition (multiplexes) centers and by July 2007 had 100 screens. It will have 300 screens in 119 locations by March 2009. The company has raised USD 100 million through issuance of foreign convertible currency bonds for funding its various expansion projects.
It is a film processing and production services market leader with over 70% share in the Hindi movies segment with films like Bluffmaster, Apaharan etc. It has tie-ups with established directors in the industry and a strong lineup of six to eight films to be released across different genres every year. In television, it has majority ownership in Siddhartha Basu`s Synergy Communications and has a track record of highly successful shows like Mastermind, Kaun Banega Crorepati etc. It entered into animation with two prestigious projects, namely Tamil/English project featuring Rajinikanth and a movie around a kids brand, Gini and Jony. It has the largest FM radio network with 20 stations launched and launching 45 stations across India.
Its registered and corporate offices are at Film City Complex, Goregaon (East), Mumbai-400065.
Financials
Adlabs Films registered a 56.22% growth in net profit to Rs 126.12 million for the quarter ended March 2007 from a profit of Rs 80.73 million for the quarter ended March 2006.
Net sales increased 2.51 times to Rs 861.08 million for the quarter ended March 2007 from Rs 343.33 million for the quarter ended March 2006.
Total income rose 149.35% to Rs 962.98 million for the quarter ended March 2007 from Rs 386.2 million for the quarter ended March 2006.
The earnings per share (EPS) of the company stood at Rs 3.17 for the quarter ended March 2007.
Recent Developments
26-JUN-07
The board of directors of Adlabs Films, at its meeting held Apr. 26, 2007, approved the proposal for the amalgamation of its wholly owned subsidiary, Katch 22 Entertainment. In January 2007, it completed the process of acquiring a controlling stake in Synergy Communications, the premier television content company headed by Siddhartha Basu. Adlabs has adopted a strategy of buying out the existing single-screen theatres and revamping them to meet its standards.
26-APR-07
The board of directors of Adlabs Films, at its meeting held Apr. 26, 2007, approved the proposal for the amalgamation of its wholly owned subsidiary, Katch 22 Entertainment. In January 2007, it completed the process of acquiring a controlling stake in Synergy Communications, the premier television content company headed by Siddhartha Basu. Adlabs has adopted a strategy of buying out the existing single-screen theatres and revamping them to meet its standards.