Inox Leisure Q1 Review - Post Reopening Line-Up To Drive Recovery: ICICI Direct
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.
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.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.