IDBI Capital: Inox Leisure Geared For Resuming Operations
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IDBI Capital Report
In Q2 FY21, Inox Leisure Ltd. has continued to demonstrate strong cost management which enabled it to cut its Ebitda loss (adjusted of India Accounting Standard) to Rs 338 million from Rs 379 million in Q1 FY21.
The company is confident of being able to get
- complete waiver of the rent for the lockdown period and
- meaningful discounts or adopt a revenue-sharing model for rest of FY21 from its developer partners.
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