The multiplex chain operator recorded 73.9% jump in revenue from operations to Rs 515.57 crore in Q3 FY23 as against Rs 296.47 crore posted in the corresponding period last year.

The company reported a pre-tax profit of Rs 4.24 crore in Q3 FY23 as against a pre-tax loss of Rs 1.60 crore in Q3 FY22.

Total expenditure increased by 62.8% YoY to Rs 493.20 crore in the quarter ended 31 December 2022.

The company's EBITDA stood at Rs 87 crore while EBITDA Margin was at 17% during the period under review.

INOX said, with 15.3 million guests visiting INOX cinemas across the country, the quarter saw an occupancy rate of 23%.

The company reported its highest-ever quarterly Average ticket price (ATP) of Rs 230 and spends per head (SPH) at Rs 106 in the quarter ended on 31 December 2022.

The company plans to add 7 properties and 32 screens in the quarter ending 31 March 2023.

INOX said that it has managed to maintain a strong liquidity of close to Rs 355 crore (including undrawn limits of Rs 125 crore) as on 28 January 2023.

Commenting on the results, Siddharth Jain, Director of INOX Leisure said, “This quarter not only reiterates the fact that normalcy is back, but also reconnects us with our usual journey of growth and profitability.

Content, like always, remains the most critical aspect, and would continue to play a pivotal role in the coming quarters as well. With the new merged entity with PVR soon to take shape, we look forward to the new journey, which would have topnotch guest-experience forming the core of all its decisions.”

INOX Leisure is amongst India's largest multiplex chains with 170 multiplexes and 722 screens across 74 cities.

Powered by Capital Market - Live News

Net Loss of Inox Leisure reported to Rs 40.42 crore in the quarter ended December 2022 as against net loss of Rs 1.32 crore during the previous quarter ended December 2021. Sales rose 73.90% to Rs 515.57 crore in the quarter ended December 2022 as against Rs 296.47 crore during the previous quarter ended December 2021.

Powered by Capital Market - Live News

Inox Leisure will hold a meeting of the Board of Directors of the Company on 30 January 2023.

Powered by Capital Market - Live News

Inox Leisure has taken over operations of Multiplex Cinema Theatre on Lease basis, located at INOX Leisure, Odeon Cinema Complex, D-Block, Connaught Place, New Delhi-110001, with effect from today, 19 January 2023.

The said Multiplex Cinema Theatre has 2 screens and 592 seats.

INOX Leisure is now present in 74 cities with 170 Multiplexes, 722 screens and a total seating capacity of 160,339 seats across India.

Powered by Capital Market - Live News