Adlabs Entertainment drops as net loss widens in Q1

Adlabs Entertainment fell 3.7% to Rs 88 at 12:40 IST on BSE after net loss widened to Rs 19.23 crore in Q1 June 2016 from Rs 15.52 crore in Q1 June 2015.

The company announced the first quarter results after trading hours yesterday, 28 July 2016.

Meanwhile, the S&P BSE Sensex, was currently off 86.34 points or 0.31% at 28,122.28.

On BSE, so far 1.23 lakh shares were traded in the counter, compared with an average daily volume of 67,219 shares in the past one quarter. The stock hit high of Rs 92.50 and low of Rs 85.90 so far during the trading session. The stock had hit 52-week high of Rs 178.90 on 3 August 2015. The stock had hit all-time low of Rs 68 on 29 February 2016. The stock had outperformed the market over the past one month till 28 July 2016, surging 20.81%, compared with 6.35% gains in the Sensex. The scrip had, however, underperformed the market in past one quarter, gaining 7.02% as against the Sensex's 10.18% rise.

The small-cap company has equity capital of Rs 79.90 crore. Face value per share is Rs 10.

Adlabs Entertainment's revenue rose 7.5% to Rs 85.95 crore in Q1 June 2016 over Q1 June 2015. Earnings before interest, taxation, depreciation and amortization (EBITDA) jumped 22.5% to Rs 30.23 crore in Q1 June 2016 over Q1 June 2015. The EBITDA margins edged up to 35% in Q1 June 2016 from 30% in Q1 June 2015. The company reported its maiden quarterly cash profit. Adlabs achieved cash profit of Rs 0.51 lakh in Q1 June 2016.

The company further said in Q1 results release that its average revenue per user (ARPU) rose 18% in Q1 June 2016. The ticketing ARPU rose 21% and the gross realization, including service tax jumped 35%. The non-ticketing ARPU rose 11%. Adlabs Entertainment said that its hotel attached to its Imagica theme park continued with its good performance in Q1 with the average occupancy at 87% and the average room rate of Rs 6,800 plus. The company said that its Imagica Snow Park which was launched in April this year has received a great response from the guests.

Adlabs Entertainment operates the Imagica theme park located at Khalapur, off the Mumbai-Pune express highway.

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