Adlabs Films swung to loss for the quarter ended September 2008. During the quarter, the company reported loss of Rs 189.97 million compared with a profit of Rs 203.01 million in the same quarter, last year.

Net sales for the quarter jumped 58.53% to Rs 2,004.13 million, while total income for the quarter rose 33.37% to Rs 2,107.66 million, when compared with the prior year period.

The company posted loss of Rs 4.12 a share during the quarter compared with earnings of Rs 5.10 a share in previous year period.

During the quarter, the operating margin of the company dropped to 2.89% compared with 3.97% in the previous year period. Interest cost increased 3.35 times to Rs 175.96 million while depreciation cost fell 6.52% to Rs 49.30 million over previous year period.

Shares of the company declined Rs 34.95, or 18.15%, to end at Rs 158. The total volume of shares traded was 324,578 at the BSE (Friday).