Movies

Reliance MediaWorks Q2 net loss widens to Rs 447 mn

MUMBAI: Reliance MediaWorks Ltd has widened its consolidated fiscal second-quarter net loss to Rs 447 million compared to Rs 111.47 million a year ago.


Reliance MediaWorks continues to maintain its strong investment phase and all its projects are well on track. “As a result of the continued investments and stabilisation of business verticals, the interest and depreciation charge, the company has recorded a net loss of Rs 447 million,” the company said.


The net loss has, however, narrowed as compared to the trailing quarter (Rs 536.45 million).
 
Total revenue of the company jumped 30.7 per cent to stand at Rs 2.46 billion, as compared to Rs 1.88 billion in the year-ago period.


Meanwhile, the company‘s expenses also went up by 37.28 per cent to Rs 2.52 billion in the quarter, as against Rs 1.83 billion in the earlier year. This was mainly because of higher rent, higher personal cost and payout to distributors.


Ebitda from operations stood at Rs 340 million.


“Reliance MediaWorks has delivered strong performance in the first half of the year and have started seeing strong returns on investments from the assets created in past two years. The forthcoming quarter releases include some of the biggest and most awaited films of the year, which will result into strong box office performances and also help us leverage our leading presence across the entire film and media services value chain," said Reliance MediaWorks CEO Anil Arjun.


On a standalone basis, the net loss for the quarter was Rs 410.85 million (from Rs 69.95 million). Total income of the company for the quarter was Rs 1.48 billion, while expenses were at Rs 1.49.


In the segment-wise results, theatrical business reported a revenue of Rs 1.53 billion, a jump of 32.77 per cent from previous year’s Rs 1.5 billion. But this was mainly because of the impact of producers strike in the previous year.


The operational loss from the segment was at Rs 119.67 million (Rs 84.40 million operational loss in the previous year).


Total capital investment in the theatrical exhibition segment stands at Rs 9.54 billion.


From the film production services segment, the company has earned a revenue of Rs 746.6 millioncompared to Rs 474.27 million in the previous quarter. It also posted an operating profit of Rs 116.22 million during the quarter under review (from previous year’s Rs 146.49 million).


However, in the TV/Film production and distribution segment, the revenue dropped to Rs 239.78 million, from Rs 302.37 million a year ago. The company posted an operating profit of Rs 39.48 million from the segment, as against a profit of Rs 85.29 million a year ago.
 

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/03/25/Rjavardhan-rathor-800x800.jpg?itok=eYAh5ig1
Rs 125 million incurred on Film Heritage Mission this year

NEW DELHI: A total of about 1,32,000 film reels have been acquired and the work of assessment, preventive conservation and restoration started under a mission mode project under the National Film Heritage Mission (NFHM). The scheme is to be implemented between 2014-15 and 2020-21 with total outlay...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/03/24/anarkali%20%281%29.jpg?itok=_Hz9Q49z
Anaarkali Of Aarah: Worth a look

Just when one was expecting a week of lack-lustre films especially as some small filmmaker is releasing his or her work, comes a surprise that reinforces faith in good cinema.

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/03/21/Badrinath-ki-Dulhaniya.jpg?itok=9AKk4o7J
Dismal releases help last week's film to turn lucky at the Box Office

MUMBAI: With dismal releases, the week proved lucky for last week’s ‘Badrinath ki Dulhaniya’ as none of the three films fresh releases this week managed to create any impact on the viewers.

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/03/20/Freedom%20of%20speech.jpg?itok=S5jPVnrt
'Freedom of speech' vital in progressive society, says Nandita Das

NEW DELHI: Three short films made by renowned filmmakers Sudhir Mishra, Nandita Das and Ram Madhvani on meaningful subjects marked the India Today conclave on its closing day in Mumbai. India Today Group editorial director Kalli Purie said the films had been commissioned by the group to mark four...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/03/17/machine%20%281%29_0.jpg?itok=rcz0b_3J
Machine.... Poor show

Machine is a rather unlikely story with an unlikely title. Coming from Abbas Mustan duo, the Burmawalla brothers, who made a reputation for giving thrillers and action films with good musical score, one expected more of the same stuff. Having worked with some of the top artistes of Hindi film...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/03/14/badri%20%281%29.jpg?itok=86DVRTqy
'Badrinath Ki Dulhania' is on its way to becoming a hit

The time period for the release of Badrinath Ki Dulhania was dicey to say the least. The film was released bang in the middle of days of election results in the most politically volatile states of the North India, board exams and the pre-Holi Friday. Also, cinema halls are closed till mid-noon on...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/03/14/paramount.jpg?itok=gy3_va7l
Paramount & Anonymous Content to make 'The Windfall' as a TV series

Paramount TV and Anonymous Content have come together to develop Indian author Diksha Basu’s upcoming debut novel The Windfall as a TV series.

Movies Hollywood
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/03/10/kung-fu%20%281%29.jpg?itok=xrr6JRYL
Kung Fu Panda 3 premiering on Star Movies on 19 March

This month Star Movies brings to its viewers Kung Fu Panda 3, the latest installment in the animated series featuring Po, a dumpling loving Panda, who defies all odds to become a Dragon Warrior. From the very first film, Po has created a special space in the hearts of audiences of every age and...

Movies Hollywood
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/03/10/badri%20%281%29.jpg?itok=zjx-Ps3H
Badrinath Ki Dulhania: Part fun, part dull

Director Shashank Khaitan seems to be creating a franchise of his own as he comes back with 'Badrinath Ki Dulhania' after his earlier film, Humpty Sharma Ki Dulhania. This film too starts off in Hindi belt but later traverses to Singapore to break the monotony.

Movies Hindi

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories