MUMBAI, 21 JANUARY, 2022 (GPN): INOX LEISURE LIMITED reported a stellar growth of 45.9% in its profits for the quarter ending December 2021. The company reported a Net Profit (PAT) of Rs 176.30 crores for Q3 FY’22 against Rs 120.90 crores for the previous corresponding quarter.
The Company has acquired the remaining 0.71% stake in Shouri Properties Private Limited (SPPL from its shareholders, making SPPL a wholly-owned subsidiary of the company. The company previously was holding a 99.29% stake in SPPL.
Mumbai-based SPPL holds a license to operate a multiplex cinema theatre. SPPL has taken one multiplex cinema theatre on lease and sub-leased the same to the company. Turnover of SPPL (excluding other income) for FY21 is Rs22.33 lakhs.
Highlights for 3rd Quarter ended on 31st December 2021
ü Company reduces gap with pre-COVID levels on key business metrics
ü Revenues reported at Rs 301 Cr, EBITDA at Rs 54 Cr* and PAT at Rs 17 Cr*
ü Company reported the highest ever Quarterly Average Ticket Price at Rs 226
ü At Rs 97, Company reports Highest ever Quarterly Spends Per Head
ü 9.4 Mn guests visited INOX cinemas in Q3’FY22 signaling a robust recovery
ü 03 new properties with 13 screens added in Q3’FY22, at Aurus Mall, Guwahati, Prabhatam Grand Mall, Dhanbad and Worldmark, Gurugram
ü Company displays commitment to growth by adding 41 screens in CY2021, highest in the Industry
ü Possesses a progressive approach with an innovation-driven growth outlook and robust F&B roadmap, backed by a massive lineup of great quality content
ü While being the only multiplex chain in the country to be Net Debt Free, INOX has managed to maintain a strong liquidity position
ü INOX now operates 667 screens across 158 multiplexes in 70 cities.
BSE link of the Earnings Presentation:Link – https://www.bseindia.com/xml-
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