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."
