Reliance MediaWorks narrows net loss to Rs 126.24 crore in Q4

Film and entertainment firm Reliance MediaWorks has reported a net loss of Rs 126.24 crore for the fourth quarter ended March 31, 2012, compared to a net loss of Rs 173.47 crore for the same quarter last year.

The company’s net sales for the quarter under review increased 26.32% to Rs 171.55 crore, against Rs 135.81 crore in the fourth quarter of 2010-11 fiscal.

For the year ended March 31, 2012, the company’s net loss widened to Rs 518.02 crore, compared to Rs 328.86 crore in 2010-11 however, its net sales for 2011-12 increased 2.22% to Rs 798.78 crore, against Rs 781.47 crore in 2010-11.

Reliance Mediaworks is India's fastest growing film and entertainment Services Company and a member of the Reliance Group. It has three main businesses - a theatre distribution operation under BIG Cinemas, a TV production unit under BIG Synergy, and a film and media services segment.