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Saturday, September 01, 2007

Inox Leisure - Multiplexes In Fashion




INOX Leisure Records 31% YoY Increase In Net Profit

Financial Highlights:

  • 33% YOY growth in total revenues for Q12007-08 at Rs. 54.07 crores versus Rs. 40.53 crores in the same quarter of the previous year.
  • EBITDA for Q1 is at Rs. 17.48 crores compared with Rs. 13.56 crores in the same quarter of previous year, a growth of 29 % .
  • PAT has increased to Rs 10.96 crores versus Rs. 8.37 crores in Q1 2007, a growth of 31%

Operational Highlights:

  • Properties under operation up to 15 in Q1 2007-08 from 11.
  • Screens under operation up to 54 in Q1 2007-08 from 41 .
  • Footfalls up 38% to 2968373 in Q1 2007-08 from 2153818

The Board of Directors of INOX Leisure Limited (ILL) announced its results for the first quarter of the financial year 2007-2008, following its meeting on Monday, 30 July 2007 in Mumbai. For the quarter ended 30th June 2007, INOX reported a 34% increase in total revenues from Rs. 40.53 crores in 2006-07 to Rs. 54.07 crores in 2007-08.

The profit after tax for the quarter ended 30th June 2007 amounted to Rs. 10.96 crores, as compared to Rs. 8.37 crores in the corresponding quarter of the previous year – an increase of 31 %. EBITDA saw a growth of 29% from Rs. 13.56 crores in 2006-07 to Rs. 17.48 in 2007-08.

Commenting on the results, Mr. Deepak Asher, Director - INOX Leisure Ltd. said, “Our results reflect INOX’s ability to maintain its profit leadership position along with a high growth momentum. Going forward we remain focused on creating India’s largest network of world class multiplexes across the country."

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