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Adlabs Entertainment posts fiscal H2 loss

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Adlabs Entertainment posts fiscal H2 loss

Adlabs Entertainment Ltd said its normalized net income for the fiscal second half ended March 31 amounted to a loss of 536.8 million rupees.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

Total revenue came to 1.17 billion rupees, and total operating expenses totaled 1.43 billion rupees.

Reported net income came to a loss of 537.8 million rupees, or a loss of 10.08 rupees per share.

For the year, the company's normalized net income totaled a loss of 21.13 rupees per share, compared with a loss of 8.82 rupees per share in the prior year.

Normalized net income was a loss of 1.08 billion rupees, compared with a loss of 412.5 million rupees in the prior year.

Full-year total revenue increased 82.5% on an annual basis to 1.89 billion rupees from 1.04 billion rupees, and total operating expenses grew 92.6% on an annual basis to 2.49 billion rupees from 1.29 billion rupees.

The company said reported net income totaled a loss of 1.07 billion rupees, or a loss of 21.08 rupees per share, in the full year, compared with a loss of 527.6 million rupees, or a loss of 11.29 rupees per share, the prior year.

As of Aug. 14, US$1 was equivalent to 65.08 Indian rupees.