Group, which will be rebranded Big Cinemas as of Tuesday, reported Saturday that consolidated revenues were 2.17 billion rupees ($43.6 million), up 49% vs. the same quarter last year, and that earnings before interest tax and depreciation climbed 177% to $7.37 million. Quarter-on-quarter growth in revenues was 21% and EBITDA 30%. Net figures were not available.
Comparing the most recent quarter with the three months ended in June, Adlabs reported a 119% revenue gain to $17.3 million at the cinemas unit; a 75% gain to $7.37 million for film processing; a $13.6 million contribution from movie production and distribution; and a $2.71 million contribution from TV content.
“All business segments have recorded strong growth,” CEO Anil Arjun said, pointing to the success of movies “Singh Is Kinng” and “Rock On!” “With the onset of Diwali season, we expect all segments to see strong growth in the coming quarter.”
The cinema rebranding exercise will be a major piece of logistics as the company intends to simultaneously change signage and collaterals across all 73 exhibition properties in India. All promotional material including TV, radio, print, outdoor and online campaigns, will also change on Tuesday, with online ticket purchasers directed to a new website.
The BIG Cinemas labeling will be applied to its 200 cinemas in U.S. and Malaysia in the coming months.
Company, which continues to trade on the Bombay Stock Exchange under the Adlabs moniker, has now been granted regulatory approval to demerge its FM radio businesses, which are among the largest in India.