Inox Leisure - Near-Term A Bit More Challenged But Long-Term Story Intact: Nirmal Bang
(image: Inox Movies official Twitter handle)

Inox Leisure - Near-Term A Bit More Challenged But Long-Term Story Intact: Nirmal Bang

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Nirmal Bang Report

Post Q3 FY21 and consequent to new developments, we have trimmed our Q4 FY21/Q1 FY22 expectations, largely based on the later-than-expected release of fresh Hindi content (‘Sooryavanshi’ and ‘83’ specifically) and renewed restrictions due to what seems to be the second wave of Covid-19 infections.

While vaccination pace will likely pick up starting April 01, 2021 (with all citizens aged above 45 being allowed to be vaccinated), we think a critical mass of the vaccinated population will not likely be reached before the end of Q1 FY22.

We have therefore pared expectations for Q1 FY22 too, especially on occupancy and advertising revenue.

Click on the attachment to read the full report:

Nirmal Bang Inox-Company Update- 24 March 2021.pdf

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