Inox Leisure Q3 Review - Healthy Growth Expected In Long Run: IDBI Capital

"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..IDBI Capital Report.Inox Leisure Ltd. reported better than expected Q3 FY22 results on profitability front. The company’s Ebitda stood at Rs 499 million versus our expectation of Rs 471 million. The release of blockbuster movies, increase in average ticket price and food price per person and ease of restrictions led to robust growth. Going forward, the company might see impact in Q4 led by omicron impact. However, we believe this is a short term impact. We expect Inox Leisure to witness normalisation in FY23E. In addition, based on improvement in ticket price and spend per head (on food), we expect the company to witness strong revenue and profit growth in FY23 and FY24. This coupled with receding competition from single screen theatres and strong screen addition bodes well for Inox Leisure..Click on the attachment to read the full report:.DISCLAIMERThis 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."

Inox Leisure Q3 Review - Healthy Growth Expected In Long Run: IDBI Capital