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."

Multiplex Magic

The Fastest Growing Lifestyle Segment

The Indian lifestyle segment is headed for strong growth during the next few years, propelled by the dramatic changes in the lifestyle of the Indian consumer. Lifestyle categories that are associated with higher quality, taste, and aspiration, have put traditional spending on food, groceries, and clothing, on the back seat. This has led to a boom in organized retail which, in turn, has trickled down to the entertainment segment. Mall developers have responded to the latent need of the Indian consumer for a consolidated entertainment complex with an ‘under one roof’ positioning. Not surprisingly, the number of multiplexes across the country has increased significantly during the past few years. The growing share of entertainment expenditure in the disposable income pie is driving a revolution around India's favorite entertainment option today - Movies.

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