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Last Updated : Feb 12, 2018 12:27 PM IST | Source: CNBC-TV18

Awaiting entertainment tax refund, results will look better once that comes in: Adlabs

Adlabs Entertainment's Q3 earnings were quite lacklustre despite this being a seasonally strong quarter. In an interview with CNBC-TV18, Dhimant Bakshi, CEO of Adlabs Entertainment spoke about the results and his outlook for the company.

CNBC TV18 @moneycontrolcom

Adlabs Entertainment's Q3 earnings were quite lacklustre despite this being a seasonally strong quarter. In an interview with CNBC-TV18, Dhimant Bakshi, CEO of Adlabs Entertainment spoke about the results and his outlook for the company.

Revenue growth of 4.2 percent is without the goods and services tax (GST) refund that we are likely to get. In a month or so we should get the clarification that we seek, he said.

We have already signed two termsheets and we are expected to reduce debt by 35 percent in next one-two months. It should go to Rs 750 crore, currently, it is at Rs 1,070 crore, he added.

For full interview, watch accompanying video...

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First Published on Feb 12, 2018 12:18 pm
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