Movies

Reliance Media Works announces lower loss in Q3-2014

BENGALURU: Indian media and entertainment giant Reliance Media Works (RMW) announced loss of Rs (-91.11) crore for Q3-2014, which was less than half (46.6 per cent) of the loss of Rs (-195.25) crore in the immediate trailing quarter (Q2-2014). Q3-2014 loss was however 2.13 per cent higher than the Rs (-89.21) crore in Q3-2013.

 

The company reported (-12.82) per cent drop in operating revenue in Q3-2014 to Rs 111.71 crore from Rs 128.13 crore in Q2-2014 and (-15.17) per cent lower than the Rs 131.68 crore in the corresponding quarter of last year.

 

Notes: (1) The board of directors of the company in its meeting on 11 August 2013 has extended the financial year of the company to March 2014 which has been accepted by the Registrar of Companies. Accordingly the financial statements of the company will be drawn for 18 month period ended 31 March 2014. Hence the various quarter have been referred to as SQ (September Quarter) and (JQ) June Quarter of the respective calendar year (not financial year, since this has been changed once again by the company).

 

(2) Notes of the attached financial statement must be read along with this analysis.

 

(3) RMW's net worth has eroded, however, having regard to revenue visibility of new businesses in film and media services, improved operational performance of exhibition business, financial support from its promoters, further restructuring exercise being implemented etc., the financial statements have been prepared on the basis that the company is a going concern and that no adjustments are required to the carrying value of assets and liabilities. The auditors of the company had put matter of emphasis on the aforesaid matter in the limited review report for the quarter/fifteen month period ended December 31, 2013 and the same remarks were also included in the Auditors report for the eighteen month period ended September 30, 2012.

 

Let us look at the other results reported by RMW in Q3-2014

 

Total revenue in the current quarter at Rs 116.52 crore fell by (-12) per cent from Rs 132.21 crore in the immediate trailing quarter and fell by (-14.27) per cent from Rs 135.91 crore in Q3-2013.

 

Total expense for Q3-2014 at Rs 143.24 crore was (-11.92) per cent less than the Rs 154.09 crore in Q2-2014 and (-13.55) per cent less than the Rs 165.69 crore during the corresponding quarter of last fiscal.

 

Two main segments contribute to RMW’s revenue: Film Production Services; and Theatrical Exhibition and Film Production and Services (Theatrical).

 

Film Production revenue at Rs 15.45 crore was (-19.85) per cent lower than the Rs 19.26 crore during Q2-2014 and (-21.59) per cent lower than the Rs 19.69 crore in Q3-2013. This segment returned negative result of Rs (-9.52) crore which was 27.98 per cent more than the Rs (-7.44) crore in Q2-2014 and (-7.21) per cent lower than the Rs (-10.26) crore in Q3-2013.

 

RMW’s Theatrical segment also saw a fall in revenues of (-11.46) per cent in Q3-2014 to Rs 100.18 crore from Rs 113.15 crore in Q2-2014 and fell by (-11.89) per cent from Rs 113.70 crore in Q3-2013. This segment returned negative result of Rs (-11.30) crore in Q3-2014 as compared to the Rs (-11.34) crore in Q2-2014 and Rs (-17.72) crore in Q3-2014.

 

RMW’s finance cost at Rs 64 crore was (-14.39) per cent lower than the Rs 73.21 crore in Q2-2014 and (-3.78) per cent lower than the Rs 66.51 crore in Q3-2013.

 

Click here for full report

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/08/30/Untitled-1_34.jpg?itok=0iLtWAzb
'A Flying Jatt' flies average; 'Rustom' touches Rs 115 cr

A Flying Jatt a film with Tiger Shroff playing a superhero, aimed at children, gets an average opening response and meets with mixed reactions. Besides trying to imitate Hollywood superhero films, the casting of the gigantic foreign actor, Nathan Jones, as villain also makes the film’s superhero,...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/08/29/Untitled-1_2.jpg?itok=Q-no8pCs
Zee Anmol Cinema to launch on DD Freedish

MUMBAI: Free to air (FTA) is the new buzzword in television, especially considering how well the non-pay TV channels are doing. Adding another one to its channel cluster is Zee Entertainment Enterprises Ltd (ZEEL). It is to soon launch its new FTA Hindi movie channel, Zee Anmol Cinema on...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/08/27/Venice.jpg?itok=Meyg90Sz
New Hindi film to have world premiere at Venice International Film Festival

NEW DELHI: The Hindi film 'Mukti Bhavan' (Hotel Salvation) by Shubhashish Bhutiani is to have its world premiere at the Venice International Film Festival on 2 September.

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/08/26/A-Flying-Jatt1.jpg?itok=LuNFb-9V
'A Flying Jatt' is passable kid stuff

The producers of A Flying Jatt, Balaji Motion Pictures, takes a total diversion with this film. From their earlier blend of films with mainly adult themes, they have moved to a film that caters to children and the preteen lot. Complately inspired by foreign superhero films, A Flying Jatt keeps...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/08/25/Twenty%20films.jpg?itok=JlKIXg7l
First official competitive BRICS film festival next month to have twenty films

NEW DELHI: Twenty films – four each from Brazil, Russia, India, China and South Africa – are to feature in the first government level BRICS Film Festival toi be held in here early next month. Malayalam movie Veeram will be the opening film for the festival being held from 2 to 6 September at Siri...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/08/23/Untitled-1_50.jpg?itok=CN3YXXwg
Centre mulls giving financial help to states to help preserve cinema culture

The Information and Broadcasting Ministry is exploring possibilities of extending financial and technical support to State Governments in their efforts to safeguard the country’s film heritage, as Secretary Ajay Mittal said “the objective of preserving the country’s cinematic heritage has to be...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/08/23/rustom.jpg?itok=tx6zL0-L
'Rustom' beats 'Mohenjo Daro'; collects Rs 90 cr

MUMBAI: Happy Bhag Jayegi a comic romance with yet another story on India Pakistan integration, find favour with metro audience catering to select multiplex crowd. With a good word of mouth, the film’s addition to its opening day figures is noticeable. The film opened with Rs 2.3 crore on Friday...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/08/22/Untitled-1_20.jpg?itok=9ltm43A6
Swachh Bharat Short Films Competition to encourage participative approach for Clean India

The Government, which is planning a national survey from January next to review the effects of its Swachhta Abhiyaan, is organizing a Short Films Competition on the theme “Swachh Bharat” that showcases inspiring stories and helps generate awareness among citizens about sanitation and its linkages...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/08/19/Untitled-1_7.jpg?itok=NaplgDpF
Happy Bhag Jayegi, Unindian: blending of different cultures dominate cinemas this week

There are quite a few films around stories of India-Pakistan cross connections and some seem to benefit both Hindi as well as Pakistani industries as the trans-border themes find more acceptance because of commonality in cultures and could help create a common market.

Movies Hindi

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories