Quarterly Results: Adlabs Entertainment Ltd
Shital Jibhe / 28 Oct 2016
Adlabs Entertainment Ltd’s Q2FY17 result has come in below Bloomberg estimate. Revenue has come in 5.8% lower than the estimated figure of Rs 39 cr . Net loss stands at Rs 44 cr against estimated net loss of Rs 35 cr.
***EBITDA margin change in bps
Adlabs Entertainment Ltd’s Q2FY17 result has come in below Bloomberg estimate. Revenue has come in 5.8% lower than the estimated figure of Rs 39 cr . Net loss stands at Rs 44 cr against estimated net loss of Rs 35 cr.
Revenue for the quarter has increased 6.5% yoy to Rs 37 cr.
EBITDA has dropped by 116.9% yoy to Rs 1 cr and EBITDA margins have fallen 2113 bps yoy to 2.9%. Net loss has come in at Rs 44 cr against the net loss of 35 cr reported for the same quarter last year. This was primarily driven by 10% yoy increase in finance cost and 65% yoy decline in other income.
Technical View:
Adlabs Entertainment Ltd., ended at Rs. 105.45, down by 2.55 points or 2.36% from its previous closing of Rs. 108 on the BSE.
The scrip opened at Rs. 107 and touched a high and low of Rs. 108.9 and Rs. 105 respectively. A total of 363065 (NSE+BSE) shares were traded on the counter. The stock traded below its 50 DMA.
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