The company's growth continues at a steady pace, both in photovoltaics as well as entertainment in India.

After the company's release of its first quarter financial results, Ratul Puri, executive director of Moser Baer,commented: “The global economic environment in which we operated was challenging and we had to deal with a number of one time costs during the quarter. Pricing for optical media after falling for a number of quarters has finally bottomed out. We stand to benefit from our lead technology positioning in Blu-ray, which is emerging as a dominant optical format. Our photovoltaic and entertainment businesses are poised to deliver significant growth during the current year and our goal is to emerge as a leading global player in both industries.”

The company's market position has been strengthened significantly as Moser Baer's photovoltaic subsidiary has TÜV certification. The photovoltaic subsidiary commenced the production of panels using thin film technology. Also, the Hamburg based Colexon Energy, a system integrator for solar plants, has been signed for the delivery of solar modules of over 130MW until 2012.

"Our cash flow situation continues to be positive with efficient management of working capital aimed at optimising productivity and efficiency. Capex intensity has fallen significantly while productivity has gone up," said Yogesh Mathur, group chief financial officer.

Furthermore, Moser Baer continues to acquire home video rights in the process of growing and consolidating the home video industry in India.