Q4 Results: Higher Footfall, Occupancy Boost Inox Leisure’s Margin
The multiplex chain will add 80 new screens using different technologies, says CEO Alok Tandon.
Higher footfall and an increase in occupancy rate aided Inox Leisure Ltd.’s earnings for the three months ended March, according to its Chief Executive Officer Alok Tandon.
The operating income of India’s second-largest multiplex chain more than doubled to Rs 97 crore in the March-ended quarter, while its margin expanded by 730 basis points.
FY19 Throwback
- Records 6.25 crore footfalls, the highest for Inox till date
- Records highest average ticket price of Rs 197
- Spend-per-head comes at Rs 74
- Opened 85 screens
“Inox received good footfall in the first quarter of the ongoing financial year, thanks to the multi-billion dollar hit Avengers: Endgame,” Tandon said, adding that he is equally excited by the content line-up for the rest of the financial year.
The company, he said, is happy with the investments being made in different properties such as Insignia—its premium luxury multiplex screens—and a special kids theatre Kiddles.
The multiplex chain, he said, will add 80 new screens using different technologies and formats in the year. “Inox looks to push the pedal hard and improve its operational performance in the ongoing year.”
Q4 Earnings Highlights (YoY)
- Revenue jumps 47.8 percent to Rs 479 crore
- Net profit slips 15.7 percent to Rs 48 crore
- Ebitda rises 130.9 percent to Rs 97 crore
- Margin comes at 20.2 percent versus 12.9 percent
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