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FY-2015: Adlabs reports 31% higher footfalls; loss doubles
BENGLAURU: Adlabs Entertainment Limited reported a 30.6 per cent rise in footfalls in FY-2015 10,64,693 as compared to the 8,14,924 footfalls in FY-2014. The company’s standalone loss in FY-2015 widened to Rs 107.16 crore from Rs 52.76 crore in FY-2014 (2.03 times).
Note: (1) 100,00,000 = 100 lakh = 10 million = 1 crore
(2)Adlabs was listed on April 6, 2015 on the BSE and NSEm and hence comparative consolidated numbers are not available for the previous year or for Q4-2014 except those shared by the company in its press release.
Adlabs reported footfalls in Q4-2015 at 3,00,291, which were 25.8 per cent more than the 2,38,773 footfalls in Q4-2014. Consolidated revenue in FY-2015 increased 82.5 per cent to Rs 189.42 crore as compared to the Rs 103.80 crore in FY-2014. Consolidated revenue in Q4-2015 increased 25.6 per cent to Rs 49.43 crore as compared to the Rs 39.35 crore in Q4-2014.
Consolidated EBIDTA in FY-2015 at Rs 20.52 crore more than quintupled (5.33 times) to Rs 20.52 crores as compared to the Rs 3.85 crore in FY-2014. Adlabs reported EBIDTA of Rs 3.68 crore as compared to negative EBIDTA of Rs 1.58 crore in Q4-2014.
Segments
Four major segments contribute to Adlabs numbers- Tickets, Restaurant, Merchandise and Other Operations.
One of the biggest contributors to Adlabs standalone loss is its largest segment-Tickets. This segment reported an operating loss of Rs 49.87 crore in FY-2015 as compared to an operating loss of Rs 26.09 crore in FY-2014. Standalone operating loss in Q4-2015 was 62.4 crore as compared to an operating loss of Rs 17.82 crore in Q4-2014 and an operating profit of Rs 44.77 crore in Q3-2015.
Tickets segment operating revenue in FY-2015 almost doubled (up 98.3 per cent) to Rs 141.53 crore from Rs 71.38 crore in FY-2014. Tickets segment reported 17.9 per cent growth in operating revenue in Q4-2015 to Rs 35.16 crore from Rs 29.83 crore in Q4-2014, but declined 31.2 per cent from Rs 51.09 crore in Q3-2015.
Restaurant segment reported 29.5 per cent growth in operating revenue in FY-2015 to Rs 31.12 crore from Rs 24.02 crore in FY-2015. In Q4-2015, Restaurant Operating segment in Q4-2015 at Rs 8.63 crore was 27 per cent more than the Rs 6.8 crore in Q4-2014, but `17.8 per cent lower than the Rs 10.5 crore in Q3-2015.
Restaurant segment reported operating profit of Rs 12.85 crore, 114.3 per cent more than the Rs 6 crore in FY-2014. Operating profit for the segment in Q4-2015 at Rs 3.7 crore was 59.7 per cent more than the Rs 2.32 crore in Q4-2014, but was 46.4 per cent lower than the Rs 6.89 crore in Q3-2015.
Merchandise segment revenue also more than doubled to Rs 13.66 crore (2.14 times) in FY-2015 from Rs 6.38 crore in FY-2014. Revenue in Q4-2015 was up by 126.4 per cent to Rs 4.39 crore as compared to the Rs 1.94 crore in Q4-2014, but was 18.4 per cent lower than the Rs 5.38 crore in Q3-2015. The segment reported a higher operating profit of Rs 1.87 crore in Fy-2015 as compared to an operating profit of Rs 0.27 crore in FY-2014. Operating profit in Q4-2015 was Rs 0.62 crore, in Q4-2014, it was Rs 0.21 crore and in Q3-2015 it was Rs 1.32 crore.
Other operations reported operating revenue of Rs 3.12 crore in FY-2015; Rs 2.02 crore in FY-2015; Rs 1.24 crore in Q4-2015; Rs 0.79 crore in Q4-2014 and Rs 0.96 crore in Q3-2015.
Other operations segment reported an operating loss of Rs 1.49 crore in FY-2015; operating profit of Rs 0.73 crore in Q4-2015; operating loss of Rs 0.52 crore in Q4-2014; operating loss of Rs 0.92 crore in Q3-2015.
Adlabs reported unallocated operating loss of Rs 22.59 crore in FY-2015; unallocated operating loss of Rs 6.73 crore in FY-2014; unallocated operating profit of Rs 38.5 crore in Q4-2015; unallocated loss of Rs 3.77 crore in Q4-2014; unallocated operating loss of Rs 58.99 crore in Q3-2015.
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Wipro hires 7,500 freshers, withholds FY27 hiring outlook
Profit rises to Rs 3,522 crore, Rs 15,000 crore buyback announced.
MUMBAI- Hiring may be on, but visibility is off, Wipro is adding talent even as it pauses the crystal ball. The company hired 7,500 freshers in FY26 but stopped short of offering any hiring outlook for FY27, underscoring the uncertainty gripping the IT services sector as it pivots towards an AI-led operating model.
The disclosure came alongside its fourth-quarter earnings, where management flagged volatile demand conditions and refrained from committing to future workforce expansion. Chief human resources officer Saurabh Govil noted that over 3,000 of the total hires were onboarded in the March quarter alone, signalling continued intake despite a lack of clarity on deployment pipelines.
This divergence active hiring without forward guidance reflects a broader industry pattern where talent acquisition continues even as deal conversions remain uneven and client spending cycles stretch. Wipro expects its IT services revenue for the June quarter to range between a decline of 2 per cent and flat growth sequentially in constant currency terms, reinforcing near-term caution.
Chief executive officer Srini Pallia pointed to artificial intelligence as both a disruptor and an opportunity. He said evolving client priorities are pushing the company towards outcome-driven engagements, with Wipro increasingly focusing on a services-as-software model through its AI Native Business and Platforms unit. The shift marks a structural change from traditional headcount-led growth to AI-enabled delivery frameworks.
The company has already committed over $1 billion to its AI ecosystem, with investors closely watching how these investments translate into revenue. For now, the numbers present a mixed picture. Net profit rose sequentially to Rs 3,522 crore, while revenue grew 3 per cent to Rs 24,236 crore. However, core IT services performance remained under pressure, with full-year revenue declining 0.3 per cent in dollar terms and 1.6 per cent in constant currency.
Large deal bookings offered a counterpoint, rising 45.4 per cent year-on-year to $7.8 billion, highlighting a widening gap between deal wins and actual revenue realisation. On a quarterly basis, IT services revenue slipped 1.2 per cent sequentially, signalling continued softness in execution.
Margins, however, told a more optimistic story. Operating margins expanded to 17.3 per cent in the fourth quarter, up from 14.8 per cent in the previous quarter, reflecting improved cost discipline. That said, the company cautioned that upcoming wage hikes and the ramp-up of large deals could exert pressure going forward.
Attrition stood at 13.8 per cent in the March quarter, indicating stabilisation after periods of elevated churn. Alongside its earnings, Wipro also announced a Rs 15,000 crore share buyback, reinforcing its focus on shareholder returns, with a payout ratio of 88 per cent over the past three years.
Taken together, the numbers capture a company in transition investing in AI, maintaining hiring momentum, but navigating a demand environment where growth is uneven and visibility remains limited.
