Inox Q2 records 58% net profit at Rs 69.6 million

MUMBAI: Inox Leisure Ltd has reported 42 per cent year on year (YoY) growth in revenues at Rs 399.6 million for the second quarter ended 30 September 2006 versus Rs 282.4 million in the same quarter of the previous year.

According to an official release, for the half year, the growth registered at 58 per cent from Rs 508 million crores to Rs 804.9 million.

The profit after tax for the quarter amounted to Rs 69.6 million, as compared to Rs 56.4 million in the corresponding quarter of the previous year – an increase of 23 per cent.

For the half year, profit after tax grew from Rs 97.2 million to Rs 153.3 million – an impressive 58 per cent.

This quarter has seen Inox launch its Nagpur property taking its tally up to 44 screens in 12 multiplexes across 11 cities. Inox has another 21 properties in different stages of implementation, which it expects to operationalise by March 2009. This will help Inox take its total count to 33 properties across 21 cities, 130 screens and 37000 seats by March 2009, informs the release.
In addition to the above, in September, INOX also entered into a definitive agreement for an all share swap deal with Calcutta Cinema Private Limited (CCPL) for acquiring CCPL & its brand of multiplexes – ‘89 Cinemas’ and merging the latter’s operations with Inox Leisure Limited. CCPL operates 2 properties as at present and has another 7 properties under different stages of implementation.

Inox Leisure Ltd Deepal Asher said, “We have been able to maintain our industry leadership position in revenues and profitability, due to better footfalls and pricing at our existing multiplexes as well as the addition of new properties to our portfolio. We expect to maintain the momentum of growth going forward, with another seven properties expected to open by March 2007, in cities like Chennai, Mumbai, Bharuch, Vijaywada, Lucknow, Faridabad and Jaipur. We have also been helped with a good spate of releases, and expect this trend of a continuous flow of big budget and good quality content to continue.”

Latest Reads
Times Television Network elevates Nivedita Oak to DGM

Times Television Network (TTN) has elevated Nivedita Oak to deputy general manager - influence. Earlier, Oak was the regional head for Zoom, FCT and branded content. She has been working with the Times Network for the last 11 years.

Television TV Channels People
History TV18 to release third film in ‘Special Operations India' series

History TV18, a pan-Indian television channel, is to create a documentary on counter-terrorist operation at Pathankot air base named Special Operations India: Pathankot. This one-hour documentary will be aired on June 25 at 9 pm.

Television TV Channels Factual & Documentary
CNBC-TV18 successfully concludes the 8th edition of the ‘India Healthcare and Wellness Awards 2018’

NBC-TV18, India’s leading English business news channel along with ICICI Lombard hosted the 8th edition of the ‘Indian Healthcare and Wellness Awards 2018’ at The Grand Hyatt, Mumbai.

Television TV Channels News Broadcasting
MN+ to air Indian Television premier of ‘Tulip Fever’

MN+, the Gold Class of Hollywood Movies from the Times Network, brings to the viewers, for the first time on Indian television, the celebrated romantic historical saga– ‘Tulip Fever’. The movie will premiere on Sunday, 24th June at 1 pm and 9pm on MN+.

Television TV Channels English Entertainment
Sony Music acquires the music rights for 2018’s much awaited sports drama film ‘SOORMA’

Global music giant, Sony Music has acquired the music rights for Soorma – the greatest comeback story of the hockey legend Sandeep Singh.

Television TV Channels Music and Youth
Epic and Rupa publications announce the umeed india book on the occasion of international olympic day

EPIC TV - India’s only Hindi language, Indian Infotainment channel celebrates International Olympic Day with an exclusive unveiling of the first look of the Umeed India book published by Rupa Publications and based on its popular series, of the same name hosted by ace cricketer Virender Sehwag.

Television TV Channels Factual & Documentary
Iconic series Blue Planet II set for Indian TV premiere on Sony BBC Earth after a successful theatrical run

All eyes on TV as India’s #1 factual entertainment channel, Sony BBC Earth, premieres the world-renowned, path breaking and breath-taking series Blue Planet II for the Indian audience on June 25th at 9 pm.

Television TV Channels News Broadcasting
FOX Life celebrates a perfect celebrity mismatch in Great Escape’s new season

He’s rugged, she’s delicate. He’s adventurous, and she is spiritual. They are two friends who, at a distance, might seem like polar opposites. But get closer and you are sure to be surprised. FOX Life, India’s favorite premium lifestyle channel,

Television TV Channels Factual & Documentary
Engaging viewers with diversified content, COLORS brings you investigative thriller - Dev2

He thinks like a criminal, is at home around a crime scene and possesses an ironclad will to rid the city of nefarious wrongdoers; Detective Dev Burman returns for an explosive second season on COLORS – India’s premium Hindi entertainment channel.

Television TV Channels GECs

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories