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Inox Q2 net zooms almost 4 times to Rs 20.5 cr
MUMBAI: Multiplex operator Inox Leisure has posted a huge jump in its net profit for the second quarter of FY16 on the back of strong box-office performance of movies like ‘Bajrangi Bhaijaan’ and ‘Bahubali’.
Inox recorded a net profit of Rs 20.51 crore (Rs 205.1 million) in the quarter ended 30 September 2015, up 292 per cent from Rs 5.23 crore (Rs 52.3 million) in the corresponding quarter of the previous fiscal.
Revenue from operations during the quarter stood at Rs 355.38 crore (Rs 3.55 billion), out of which gross box-office collection was at Rs 243.87 crore (Rs 2.44 billion).
Revenue from food and beverages was at Rs 69.24 crore (Rs 692.4 million), while ad revenue was at Rs 21.4 crore (Rs 241 million).
In the year-ago period, total revenue from operations was at Rs 265.94 crore (Rs 2.66 billion), out of which gross box-office collection stood at Rs 179.96 crore (Rs 1.8 billion). Revenue from food and beverages was at Rs 50.77 crore (Rs 507.7 million) and ad revenue was at Rs 17.81 crore (Rs 178.1 million).
EBITDA for the quarter stood at Rs 56.47 crore (Rs 564.7 million), while EBITDA margin was at 15.9 per cent.
In the year-ago period, EBITDA stood at Rs 36.59 crore (Rs 365.9 million) and EBITDA margin was at 13.8 per cent.
Footfalls and occupancy
As many as 14.5 million patrons visited Inox theatres in Q2, up 30 per cent compared to 11.2 million in year-ago period.
Average occupancy was up 32 per cent from 26 per cent in the year-ago period.
In comparable properties, footfalls were at 12.1 million (up from 10.3 million), while average occupancy was at 33 per cent (from 26 per cent).
Average ticket price
The ATP saw a 4 per cent increase to Rs 169 in Q2, compared to Rs 162 in the year-ago period. In comparable properties, ATP was 168.
During the quarter, Inox added 3,356 seats and 16 screens across four properties including one in Rajkot, one in Bhiwandi (management) and two in Gandhinagar.