 "Adlabs Entertainment hits lowest level since listing on weak Q2 results")
Adlabs Entertainment has dipped 12% to Rs 103, lowest level since its listing in April this year on BSE, after the company reported operating loss of Rs 6.20 crore for the quarter ended September 30, 2015 (Q2FY16).
The company had operating or EBITDA (earnings before interest, tax, depreciation and amortization) profit of Rs 3.50 crore in the same quarter last year.
We are impacted by disruption and closure of Mumbai - Pune Expressway, due to recurring landslides in the month of August & September 2015. The expressway is our primary connectivity to the park, Adlabs Entertainment said in a statement.
The company’s net losses has widen in Q2FY16 to Rs.34.73 crore compared with a net loss of Rs 24.94 crore a year ago. Revenues increased by 4.2% to Rs 37.2 crore against Rs 35.70 crore in the corresponding quarter of previous fiscal.
Theme park operator Adlabs Entertainment has raised Rs 375 crore by issuing equity shares at a price of Rs 180.
At 01:58 PM, the stock was down 8% at Rs 108 as compared to 0.28% rise in the S&P BSE Sensex. A combined 303,391 shares changed hands on the counter on the BSE and NSE.
The company had operating or EBITDA (earnings before interest, tax, depreciation and amortization) profit of Rs 3.50 crore in the same quarter last year.
We are impacted by disruption and closure of Mumbai - Pune Expressway, due to recurring landslides in the month of August & September 2015. The expressway is our primary connectivity to the park, Adlabs Entertainment said in a statement.
The company’s net losses has widen in Q2FY16 to Rs.34.73 crore compared with a net loss of Rs 24.94 crore a year ago. Revenues increased by 4.2% to Rs 37.2 crore against Rs 35.70 crore in the corresponding quarter of previous fiscal.
Theme park operator Adlabs Entertainment has raised Rs 375 crore by issuing equity shares at a price of Rs 180.
At 01:58 PM, the stock was down 8% at Rs 108 as compared to 0.28% rise in the S&P BSE Sensex. A combined 303,391 shares changed hands on the counter on the BSE and NSE.
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