Reliance MediaWorks cuts loss to Rs 120 cr for Q3

Mumbai: Media and entertainment company

Reliance MediaWorks chief Anil Ambani. Reuters

Reliance MediaWorks chief Anil Ambani. Reuters

narrowed its net loss to Rs 119.61 crore in the quarter ended 31 December 2012.

Its net loss stood at Rs 151.11 crore in the same period last year, the Anil Ambani-led company said in a filing to the BSE today.

Reliance MediaWorks operates three businesses -- film distribution under BIG Cinemas, TV production unit under BIG Synergy, and a film and media services segment.

Total income from operations was lower at Rs 206.95 crore in the quarter under review, compared to Rs 211.06 crore in the October-December 2011 quarter.

Film production services business accounted for Rs 32.21 crore of revenues, while those from theatrical exhibition and television/film production and distribution segments stood at Rs 142.44 crore and Rs 33.44 crore in the reported quarter, respectively.

On a standalone basis, the company's net loss stood at Rs 89.20 crore in the October-December 2012 quarter against a loss of Rs 115.13 crore in the same quarter of 2011.

Total income, on standalone basis, was at Rs 135.91 crore in the reported quarter as against Rs 129.06 crore in October-December 2011 quarter.


Updated Date: Dec 20, 2014 16:47 PM

Also Watch

It's A Wrap: Omerta star Rajkummar Rao in conversation with Parul Sharma
  • Thursday, April 26, 2018 In the Kanjarbhat community, a campaign against 'virginity tests' is slowly gaining ground
  • Thursday, April 19, 2018 Watch: National-level skater and coach Dhwanit Rele trains and nurtures budding athletes
  • Monday, May 14, 2018 FOMO Episode 1: Google Assistant, This is America, Sonam's wedding & Global Warming
  • Saturday, May 19, 2018 Social Media Star: Rajkummar Rao and Bhuvan Bam open up about selfie culture, online trolls

Also See