Inox Leisure Q2 Results Review - A Washout Quarter: ICICI Direct

BQ Prime’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 BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .ICICI Direct Report.Inox Leisure Ltd. posted a washout quarter owing to weak box office recovery. The company reported box office revenue of Rs 209 crore (down ~41% QoQ) with footfalls down ~37% QoQ at 11.6 million and average ticket price at Rs 215, down ~6% QoQ owing to promotional discounts during the quarter and content performance. Ad revenues was at Rs 26 crore, down 13% QoQ and at ~65% of pre Covid levels. The company reported Rs 110 crore of food and beverages revenues, down 33% QoQ with weak offtake of F&B due to low footfall, with spends per head at Rs 102 was up 6% QoQ.Ebitda loss (excluding-India-Accounting Standard 116) was at Rs 3 given the tepid box office performance. On reported basis, Ebitda was at Rs 84.9 crore (22.7% margin). Consequently, reported loss was at Rs 40.4 crore. Inox Leisure reported net loss (without impact of Ind-AS 116) at Rs 22 crore..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime 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 BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Inox Leisure Q2 Results Review - A Washout Quarter: ICICI Direct

The company posted a washout quarter owing to weak box office recovery.

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