Inox Leisure Q4 Review - Well Placed To Weather The Storm: IDBI Capital
The lobby inside an Inox Leisure theatre in India. (Photo: Inox Movies/Twitter)

Inox Leisure Q4 Review - Well Placed To Weather The Storm: IDBI Capital

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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

Q4 FY21 has been another tough quarter for cinemas and Inox Leisure Ltd.

However, despite the costs related to reopening of its properties and lack of availability of meaningful content, the company was largely able to limit the loss at Ebitda level (adjusted for Indian-accounting standard) in Q4 FY21 to Rs 891 million versus Rs 856 million in Q3 FY21.

The company is already in dialogue with developer partners for waiver of rent and common area maintenance for the current lockdown period as in FY21.

We believe that strong cost management, strong balance sheet and enabling resolution to raise Rs 3 billion through equity makes the company well placed to weather the current adversities.

Click on the attachment to read the full report:

IDBI Capital INOX Leisure Q4FY21 Result Review.pdf

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