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ICICI Direct Report
Inox Leisure Ltd. reported weak Q1 FY22 results as expected. Reported revenue was Rs 22.3 crore (75% QoQ de-growth).
The company reported box office revenue of Rs 12 crore while food and beverage revenue was Rs 6 crore.
Ebitda loss (without impact of Indian-Accounting Standard 116) came in at ~Rs 107 crore.
On a reported basis, Ebitda loss was Rs 51.6 crore.
Inox Leisure recognised Rs 22.6 crore as rent concessions. Subsequently, the company reported net loss (without impact of Ind-AS 116) at Rs 101 crore.
On a reported basis, net loss was at Rs 122.3 crore.
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