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Reliance Media Works reports lower net loss for April-June 2013 quarter
BENGALURU: Reliance Media Works (RMW), formerly Adlabs Films and a part of the Reliance ADA group, reported lower consolidated net loss in the April-June 2013 quarter as compared to the preceding quarter (January-March 2013) and the corresponding quarter (April-June 2012) of 2012.
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.
Important Notes:
(1) Since the previous financial year of the company was extended till 30 September 2012, the result for the April-June 2013 quarter will be referred to as Q3-2013, January-March 2013 quarter as Q2-2013 and April-June 2012 quarter as Q3-2012 in this report/analysis.
(2) Notes of the attached financial statement must be read along with this analysis.
For the current quarter (Q3-2013) RMW reported a consolidated net loss of Rs 123.60 crore which was 5.9 per cent lower than the Rs 131.30 crore (y-o-y) for Q3-2012 and substantially lower by 44.4 per cent as compared to the Rs 222.12 crore for Q2-2013 (q-o-q).
Details of RMW’s standalone financial information are: Turnover Rs 126.40 crore for Q3-2013 as compared to Rs 122.61crore for Q3-2012. RMW’s loss before tax for Q3-2013 was Rs 83.73 crore as compared to the Rs 91 crore loss for Q3-2012. Loss after tax stood at the same figure for Q3-2013 and the previous year’s corresponding quarter (Q3-2012).
Let us look at the other figures reported by RMW for the April-June 2013 (Q3-2013) quarter
RMW reported a total income from operations of Rs 180.16 crore for Q3-2013, 10.91 per cent lower than the Rs 202.15 crore in Q3-2012, but 24.6 per cent higher than the Rs 144.63 crore for Q2-2013.
Its total expense for Q3-2013 was Rs 238.97 crore, 6.5 per cent lower than the Rs 255.56 crore for Q3-2012 and 2.2 per cent lower than the Rs 244.38 crore for Q2-2013.
RMW’s net loss from operations at Rs 58.80 crore was 10.1 per cent higher than the Rs 53.41 crore of Q3-2012, but substantially lower than the Rs 99.75 crore in Q2-2013.
Let us look at RMW’s segment results
Film Production Services, Theatrical Exhibition, and Television, Film Production & Distribution are the three segments. Pursuant to the business restructuring exercise of Film Production Services, with effect from 1 October 2011, animation business is no longer considered to be a part of this segment.
Film Production Services reported income of Rs 41.62 crore for Q3-2013, 2.4 per cent lower than the Rs 47.88 crore for Q3-2012, but 14.33 per cent more than the Rs 36.40 crore for Q2-2013.
Loss before interest and tax by this segment was Rs 33.55 crore, almost double (more by 93.9 per cent) the Rs17.31 crore in Q3-2012, but 10.14 per cent lower than the Rs 37.53 crore loss incurred in Q2-2013.
RMW’s Theatrical Exhibition segment reported income of Rs 127.56 crore for Q3-2013 (Includes exceptional items of Rs 60 crore) which was 39.56 per cent lower than Rs 204.29 crore for Q3-2012 and 11.86 per cent lower than the Rs 144.71 crore in Q2-2013.
Loss before interest and tax by RMW’s Theatrical Exhibition was Rs 24.25 crore for Q3-2013 was however 10.46 per cent lower than the Rs 29.09 crore for Q3-2012 and less than a quarter (4.42 times less or 21.74 per cent) of the Rs 111.56 crore loss incurred in Q2-2013.
RMW’s Television/Film Production and Distribution income of Rs 13.25 crore which contributed to just 7.4 per cent to its consolidated revenues in Q3-2013 was the only one that reported a profit before interest and tax of Rs 4.34 crore in Q3-2013 which was 60 per cent higher than the profit before interest and tax of Rs 2.73 crore in Q3-2012. This segment had reported a loss of Rs 3.50 crore for Q2-2013. Revenue from this segment in Q3-2013 was higher by 13.3 per cent as compared to the Rs 11.7 crore for Q2-2012 and 25.7 per cent higher than the Rs10.54 crore for Q2-2013.
News Broadcasting
Induction cooktop demand spikes 30× amid LPG supply concerns
Supply worries linked to West Asia tensions push households and restaurants to turn to electric cooking alternatives
MUMBAI: As geopolitical tensions in West Asia ripple through global energy supply chains, the familiar blue flame in Indian kitchens is facing an unexpected challenger: electricity.
What began as concerns over the availability of liquefied petroleum gas (LPG) has quickly evolved into a technology-driven shift in cooking habits. Households across India are increasingly turning to induction cooktops and other electric appliances, initially as a backup but now, for many, a necessity.
A sudden surge in demand
Recent data from quick-commerce and grocery platform BigBasket highlights the scale of the shift. According to Seshu Kumar Tirumala, the company’s chief buying and merchandising officer, demand for induction cooktops has risen dramatically.
“Induction cooktops have seen a significant surge in demand, recording a fivefold jump on 10 March and a thirtyfold spike on 11 March,” Tirumala said.
The increase stands out sharply when compared with broader kitchen appliance trends. Most appliance categories are growing within 10 per cent of their typical demand levels, while induction cooktops have witnessed explosive growth as households rush to secure an alternative cooking option.
Major e-commerce platforms including Amazon and Flipkart have reported rising searches and orders for induction stoves. Quick-commerce apps such as Blinkit and Zepto have also witnessed stock shortages in major metropolitan areas including Delhi, Mumbai and Bengaluru.
What was once considered a convenient appliance for hostels, small kitchens or occasional use has suddenly become an essential addition in many homes.
A crisis thousands of miles away
The trigger for this shift lies far beyond India’s kitchens.
Escalating conflict in the Middle East has disrupted shipping routes through the Strait of Hormuz, one of the world’s most critical energy corridors. Nearly 85 to 90 per cent of India’s LPG imports pass through this narrow waterway, making the country particularly vulnerable to supply disruptions.
The ripple effects have been swift.
India currently meets roughly 60 per cent of its LPG demand through imports, and tightening global supply has already begun to affect domestic availability and prices.
Earlier this month, the price of domestic LPG cylinders increased by Rs 60, while commercial cylinders rose by more than Rs 114.
To discourage panic buying and hoarding, the government has also extended the mandatory waiting period between domestic refill bookings from 21 days to 25 days.
Restaurants feel the pressure
The strain is not limited to households. Restaurants, hotels and roadside eateries are also grappling with supply constraints as commercial LPG availability tightens under restrictions imposed through the Essential Commodities Act.
In cities such as Bengaluru and Chennai, restaurant associations report that commercial LPG availability has dropped by as much as 75 per cent, forcing many establishments to rethink their kitchen operations.
Some restaurants have reduced menu offerings, while others are rapidly installing high-efficiency induction systems, creating hybrid kitchens where electricity now shares the workload with gas.
For smaller eateries and roadside dhabas, the shift is less about sustainability and more about survival.
A potential structural shift
The government has maintained that there is no nationwide LPG crisis and has directed refineries to increase production to stabilise supply.
Nevertheless, the developments of March 2026 may already be triggering a longer-term behavioural shift.
For decades, LPG has been the backbone of cooking in Indian households. However, recent disruptions have highlighted the risks of relying on a single fuel source.
Increasingly, households appear to be hedging against uncertainty by adopting electric cooking options to guard against price volatility and delivery delays.
If the current trend continues, the induction cooktop, once viewed as a niche appliance, could emerge as a quiet symbol of India’s evolving kitchen economy.
