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Inox Leisure Q3 net profit at Rs 14.3 cr

MUMBAI: Inox Leisure, a leading multiplex operator with 365 screens across 95 properties, has posted a net profit of Rs 14.30 crore (Rs 143 million) for the quarter ended 31 December 2014.

The result for the third quarter includes the financials of Satyam Cineplexes, which it acquired in August last year, and is therefore not comparable with its performance in the earlier-year period.

In the corresponding quarter of the previous fiscal, Inox Leisure had posted a net profit of Rs 6.47 crore (Rs 64.7 million).

Total revenue stood at Rs 304.85 crore (Rs 3.05 billion), out of which gross box-office collection was at Rs 201.75 crore (Rs 2.02 billion). Revenue from food and beverages was at Rs 55.63 crore (Rs 556.3 million) while ad revenue was at Rs 28.92 crore (Rs 289.2 million).

Total expenses during the quarter stood at Rs 254.44 crore (Rs 2.54 billion), out of which distributor share was Rs 75.37 crore (Rs 753.7 million) and entertainment tax was at Rs 38.12 crore (Rs 381.2 million).

EBITDA for the quarter stood at Rs 50.41 crore (Rs 504.1 million) while EBITDA margin was at Rs 16.54 per cent.

In the year-ago period, revenue was at Rs 215.82 crore (Rs 2.16 billion). Gross box-office revenue was at Rs 142.41 crore (Rs 1.42 billion) and EBITDA stood at Rs 28.46 crore (Rs 284.6 million). The company’s EBITDA margin was at 13.19 per cent.

During the quarter under review, occupancy rate was 28 per cent, while it saw total footfalls of 116 lakh (11.6 million) people.

Average ticket price (ATP) during the quarter was up at Rs 175 on the back of addition of premium locations with the help of acquisition of Satyam Cineplexes. The ATP for comparable properties was at Rs 171.

During the quarter, Inox added just one single-screen property in New Delhi.

While it has already launched a three-screen property in Bhilwara in the current (fourth) quarter, it is expected to launch four more properties in this quarter, with 12 screens across Kurnool, Ajmer, Goa and Pune.

Inox scrip closed at Rs 181.85 per share, up 3.35 per cent from its previous close on the BSE.