Hindi
Cinemax Q4 net slumps 56% to Rs 9.8 million
MUMBAI: Multiplex operator Cinemax India Ltd has posted a steep fall of 55.66 per cent in its net profit for the quarter ended 31 March 2009, standing at Rs 9.8 million as compared to Rs 22.1 million in the corresponding quarter of the previous fiscal.
Revenue rose 34.92 per cent to Rs 334.2 million during the quarter under review, compared to Rs 247.7 millon a year ago. Total expenditure surged 61.5 per cent to Rs 350.3 million, as against Rs 216.9 million. Profit before tax (PBT) came down to Rs 2.1 million, as against Rs 37 million from the year ago period.
Commenting on the results, Cinemax CFO Jeetendra Mehta said, “The company is pleased by the results and sees tremendous growth opportunities in the coming fiscal as the industry movements are in our favour. In spite of depression and tough times, we have done well and are able to offer dividends to our shareholders. As the ongoing strike is likely to end in the coming days, we will have better content and better profitability.”
For the whole fiscal, the company has posted a net profit of Rs 110.5 million, a dip of 19.52 per cent, as compared to Rs 137.3 million in the previous fiscal. Net income from operations stood at Rs 1.45 billion as against Rs 1.02 billion in the year ago period , while total expenses rose to Rs 1.33 billion from Rs 826.8 million.
The company has announced that it has 50 movies to launch within 30 weeks. At present, Cinemax has 25 properties with 74 screens while it claims that there are 300 more screens in the making.
In the segment-wise results, the company earned a revenue of Rs 341.2 million from theatrical exhibition and entertainment in the fourth quarter of FY2009, as compared to Rs 229.8 million a year ago. The company suffered an operating loss of Rs 37.1 million from this segment in the quarter.
Cinemax has also posted an operating loss of Rs 15.2 million in the distribution and production segment during the quarter under review.
Hindi
Marico founder Harsh Mariwala’s book Harsh Realities set for film adaptation
Almighty Motion Picture taps Karan Vyas to script Marico story
MUMBAI: Almighty Motion Picture is turning its lens on India Inc., with plans to adapt Harsh Realities: The Making of Marico into a screen project. The story charts the rise of Harsh Mariwala, the chairman and founder of Marico, and is currently in early development, according to a report by Variety.
Writer Karan Vyas, known for his work on Scam 1992, Scoop and Made in India – A Titan Story, is attached to pen the screenplay. The project continues the studio’s growing interest in real-life Indian narratives that blend business with human drama.
At the heart of the story lies a defining moment in 1987, when Mariwala chose to step away from the family-run Bombay Oil Industries and strike out on his own. What followed was not just the creation of a company, but the reinvention of a legacy. Marico would go on to become a global FMCG player, with brands like Parachute, Saffola, Set Wet and Livon becoming household names, reaching nearly one in three Indians.
The source material, co-authored by Mariwala and renowned business strategist Ram Charan, offers more than a boardroom chronicle. It captures the grit behind the growth, the risks behind the rewards and the leadership lessons forged along the way.
The adaptation aims to move beyond balance sheets and brand milestones, focusing instead on the person behind the enterprise. Expect a narrative that leans into the emotional stakes of entrepreneurship, where decisions are as personal as they are professional.
Today, Marico draws about a quarter of its revenue from international markets across Asia and Africa, reflecting its steady transformation from a domestic player into a multinational force. Yet, if the makers have their way, the screen version will remind audiences that every global success story begins with a leap of faith.
With development set to begin soon, this is one business story that may just trade spreadsheets for storytelling, and profit margins for moments that linger
