Movies

Inox‘s net profit & turnover up, op profit down

MUMBAI: It has knocked up fairly impressive financials. Cinema theatrical exhibition company Inox Leisure has reported a seven per cent higher net profit at Rs 260.6 million for the financial year ended 31 March 2010. In FY09, net profit had seen a drop of eight per cent.


Inox‘s net sales rose 12.2 per cent over FY09 at Rs 2.56 billion. Multiplex income generated during the fiscal was Rs 2.54 billion which is 12.53 per cent higher than the previous year. However, the company did lose out heavily on its film distribution income, when it fell to Rs 1.9 million as compared to Rs 15.2 million in FY09. Even the Rs 2.9 million it made via film production did not do much to offset the loss in distribution income.


Inox‘s net profits are higher than last year, but a point of worry is the fact that it has spruced up its operations. The company‘s operating profit fell 6.4 per cent to Rs 209.5 million. What helped add green to its bottom-line was the tax provisions it had made, and excess entertainment tax paid earlier which it no longer has to make and the same being credited to the company‘s P&L account, under taxation in the previous years. 


On the plus side from an investors point of view, the overall increase in net profit, has led to the company‘s EPS has gone up to Rs 4.24 (Rs 3.96 in FY09).


Inox launched six new properties in FY10, at Hyderabad, Indore, Kolkata, Siliguri, Visakhapatnam, taking its tally of total screens in operation from 91 to 119. Also, the company‘s properties under operation are 32 as on 31 March 2010, as against 26 at the end of the last fiscal. The company also successfully made an open offer bid for Fame earlier this year, and now owns a stake of 50.48 per cent in the exhibition chain.


The company‘s loan fund rose to Rs 1.86 billion as compared to last fiscal‘s Rs 449 million.
 

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/02/21/ghazi-800x800.jpg?itok=Mb7dq7bT
Tax concessions would have boosted 'Attack On Ghazi'

The past week saw a variety of new releases. `The Attack On Ghazi’, was a rare war film for the Indian audiences and an underwater film about war between an Indian and Pakistani submarine, Ghazi. The film, based on the 1971 war, was painstakingly made. The other film, `Irada’ --- film’s title did...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/02/21/Amar%20Kaushik-800x800.jpg?itok=WPfYtYdK
Berlin Festival: Amar Kaushik's 'Aaba'wows audience

MUMBAI: Indian filmmakers never cease to amaze the global audience with their storytelling and filmmaking skills. As the Berlin Film Festival drew to a close on Saturday, Indians had a reason to rejoice. Debut filmmaker Amar Kaushik’s short film, Aaba bagged the prestigious award at the 67th Berlin...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/02/20/Sony-Le%20%281%29.jpg?itok=hyfMHMUo
Sony Le PLEX HD to air tribute-movies of Hollywood actors

This February, Sony Le PLEX HD will pay tribute to those well-known actors who passed away too soon into their career. From Heath Ledger to Paul Walker, Hollywood has lost some gems too early, leaving fans and critics disheartened and wanting for more. `WatchIt’s 9O’Talk themed ‘The Tribute’ will...

Movies Hollywood
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/02/20/Sultan.jpg?itok=dv1fl9eF
How Sultan and Naagin are being pirated in Russia

MUMBAI: Here’s some food for thought for Indian TV channel broadcasting executives zapping their channels via satellite, cable TV or VOD services into Russia or onto and syndicating content to Vladmir Putin’s land. And this includes movies such as Sultan, and super popular shows such as Naagin.

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/02/17/irada%20%281%29.jpg?itok=Nv-MjIot
Irada....Docu-thriller?

The title Irada comes across as B-grade 1970s and it has little relevance to the theme of the film, which is honourable. The film is about an ecological problem, almost a disaster. The issue dealt with here, though, is not as infamous or as well known as the Bhopal gas tragedy.

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/02/17/ghazi%20%281%29.jpg?itok=S4_SNdBv
The Attack On Ghazi.....Worth watching but....

A lot of things seem to be going right for India and its people in various fields and, suddenly, people have learnt to take pride in achievements of her people in sports, space science, IT, coupled with a newly acquired sense of patriotism over past couple of years. This has been making many...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/02/16/sunil-lulla%20%281%29.jpg?itok=zEUe5UB6
Eros profits more than double in third quarter 2017

The Sunil Lulla led Eros International Media Limited (Eros) reported almost 2.5 times (2.496 times) consolidated profit after tax (PAT) for the quarter ended 31 December 2016 (Q3-16, current quarter) as compared to the corresponding year ago quarter (Q3-16). Eros PAT for the current quarter was Rs...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/02/14/pemra%20%281%29.jpg?itok=dwvPQn8o
Court permits private Pak channels to show Indian films

MUMBAI: A Pakistani court has permitted private television channels having valid licences to show Indian movies as per their conditions of agreement with Pakistan's regulator. In its October 2016 order, PEMRA had banned Pakistani private channels being operated through cable network from airing...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/02/13/jolly%20%281%29.jpg?itok=Iz9nucIe
No film sustained after Dangal

The bad run at the box office continues as no film released after Dangal has been able to sustain. The new releases have not been able to hold their own post the opening weekend. After the midweek release of two major films, Kaabil and Raees backfired. The films could not draw enough footfalls...

Movies Hindi

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories