INOX Reports a Stupendous 42% Growth Making Q2-FY20 A Historic Quarter

INOX Leisure Ltd (INOX) reported financials for the second quarter ending 30th September 2019. The results were taken on record by the Board of Directors today at a meeting held in Mumbai. Building upon the practice of creating new benchmarks, INOX closed the 2nd Quarter of FY 2020 on a historic note with highest ever Footfalls, Revenues and EBITDA. Total Revenue rose to INR 524 Cr. with a substantial 42% growth, from INR 369 Cr. in the corresponding Quarter in FY19.

INOX also hosted the highest number of guests in a Quarter with a stupendous Footfall count of 19 Mn, up 39%. EBITDA more than doubled to INR 107 Cr. with a 121% growth and PAT stood at an impressive INR 51 Cr. up 327% from previous year’s 2nd Quarter. The Board has declared an Interim Dividend of INR 1 per equity share (10%).

Content continued to be the decisive force behind the remarkable performance of the Quarter, with numerous movies doing extremely well at the Box Office. ‘Mission Mangal’, ‘Super 30’, ‘The Lion King’, ‘Chhichhore’, ‘Saaho’ and ‘Dream Girl’ were the top contributors. ‘Batla House’, ‘Fast & Furious Presents Hobbs & Shaw’ and ‘Spider Man – Far From Home’ also made significant contributions towards the record ticket sales. While content played its part, INOX’s aggressive screen addition and efforts to take the cinema experience to new levels also added gleam to the historic performance. INOX’s emphasis on innovations and impeccable service in the F&B delivered historic revenue levels of INR 141 Cr. with a 48% growth. The company has added 27 new screens in the FY20 so far, underlining Company’s expansion focus. INOX continued its focus on technology and formats with the roll out of India’s first 270-degree multi-projection ScreenX auditorium at Inorbit Mall Malad, Mumbai and Quest Mall, Kolkata.

WP-Backgrounds Lite by InoPlugs Web Design and Juwelier Schönmann 1010 Wien