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