Adlabs posts net loss of Rs 63.69 crore in Q1e
Adlabs Films, a subsidiary of Anil Ambani-led Reliance Big Entertainment, has posted consolidated net loss stood at Rs 63.69 crore for the first quarter ended June 2009, against a net profit of Rs 2.32 crore in the same period last year.
In addition, the company also witnessed a decline of 54 % in its total income, which dropped to Rs 104.79 crore in the latest quarter, against Rs 228.97 crore in the same period last year.
On a standalone basis, the company has posted a net loss of Rs 66.10 crore for the quarter ended June, while it had a net profit of Rs 11.5 crore in the same quarter last year.
Total income stood Rs 50.93 crore in the quarter under review, while it had a total income of Rs 185.19 crore in the same quarter previous fiscal.