Movies

FY-2016: Inox PAT almost quadruples

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/movie-images/2016/04/28/inox.jpg?itok=YFvRDtHi

BENGALURU: Inox Leisure Limited (Inox) reported almost quadrupling (3.87 times) of profit after tax (PAT) for the year ended 31 March 2016 (FY-2016, current year). The company reported PAT of Rs 77.49 crore (5.8 per cent margin on total income from operations or TIO) in the current year as compared to the Rs 20.04 crore (2 per cent margin on TIO) in the previous year.

Note: The unit of currency in this report is the Indian rupee - Rs (also conventionally represented by INR). The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:

(a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.

(b) 10,000 lakh = 100 crore = 1 arab = 1 billion.

PAT for the quarter ended 31 March 2016 (Q4-2016, current quarter) was 16.12 crore (5.6 per cent margin on TIO). During the corresponding quarter of the previous year, the company had reported a loss of Rs 4.06 crore, while PAT in the immediate trailing quarter was 3.3 per cent lower at Rs 15.60 crore (4.6 per cent margin on TIO).

TIO for the current year was 31.1 per cent higher at Rs 1,332.69 crore as compared to the Rs 1,016.81 crore in the previous year. TIO in Q4-2016 grew 31.8 per cent YoY to Rs 286.92 crore from Rs 217.75 crore, but declined 16 per cent quarter-on-quarter (QoQ) from Rs 341.71 crore.

Company speak

Commenting on the results, Inox Group of companies director and group head (Corporate Finance) Deepak Asher, said, “Good content coupled with our expansion across the country, with a world class movie viewing experience has helped us in maintaining our growth in the last quarter. We will continue this growth momentum with our consistent efforts in the forthcoming quarters for our guests and all the stakeholders”.

Gross Box Office (GBOC)

During FY-2016, as well as Q4-2016, the increase in TIO was driven by increase in Gross Box Office collection (GBOC) in the sale of food and beverages (F&B).

Inox reported GBOC of Rs 904.94 crore for the current year, 34.4 per cent higher as compared to Rs 673.08 crore in the previous year. GBOC in Q4-2016 increased 41.7 per cent YoY to Rs 191 crore as compared to Rs 134.80 crore, but declined 17.2 per cent QoQ from Rs 230.69 crore.

Performance of the top five movies by GBOC performance accounted for 42 percent of total GBOC collection in the current quarter. The top five movies in terms of GBO collection for Q4-2016 in descending order were: Airlift (Rs 29.8 crore GBOC or Gross Box Office Collection, 15 lakh footfalls); Neerja (Rs 17.3 crore GBOC, 10.5 lakh footfalls); Kapoor&Sons (Rs 15.7 crore GBOC, 8.5 lakh footfalls) Bajirao Mastani (Rs 9.8 crore, 5.6 lakh footfalls); and Wazir (9.2 crore GBOC, 5.1 lakh footfalls).

Advertising, food and beverages and other operating revenues

F&B sales in FY-2016 were Rs 265.63 crore, 39.1 per cent higher as compared to Rs 191.03 crore in FY-2015. This segment reported 52.3 per cent higher YoY sales at Rs 56.99 crore in Q4-2016 as compared to Rs 34.73 crores, but 13 per cent lower QoQ as compared to Rs 65.51 crore in the immediate trailing quarter.

F&B spend per head in FY-2016 increased to Rs 58 from Rs 55 in FY-2016. In Q4-2016, F&B spend per head increased to Rs 58 from Rs 53 in Q4-2015.

Revenue from advertising in FY-2016 increased 11.7 per cent to Rs 91.01 crore as compared to Rs 81.49 crore in FY-2015. In Q4-2016, advertising revenue declined 2 per cent to Rs 19.40 crore from Rs 19.79 crore in Q4-2015, and declined 34.2 per cent QoQ from Rs 29.49 crore.

Other operating revenue in FY-2016 declined 0.2 per cent YoY to Rs 71.10 crore from Rs 71.21 crore. Other operating revenue declined 24.1 percent YoY in Q4-2016 to Rs 19.52 crore from Rs 25.73 crore, but increased 21.8 per cent QoQ from Rs 16.02 crore in Q3-2016.

Footfalls, occupancy rates and average ticket price

Footfalls for FY-2016 increased 30 per cent to 534 lakh from 411 lakh in FY-2015. Inox reported a 36 percent increase in footfalls in the current quarter at 115 lakh as compared to 84 lakh in Q4-2015, but a 10.9 per cent decline QoQ from 129 lakh in Q3-2016.

Occupancy rate in the current year increased to 29 per cent from 25 per cent in FY-2015. Occupancy rate in Q4-2016 improved to 23 per cent from 20 per cent in Q4-2015, but was less than the 31 percent in Q3-2016.

Average Ticket Price (APT) increased 3.7 per cent in FY-2016 to Rs 170 from Rs 164 in the previous year. ATP increased 5.7 per cent YoY to Rs 167 in the current quarter as compared to Rs 158, but declined 6.7 per cent QoQ from Rs 179.

Entertainment Tax, Distributors share and F&B costs, rents, etc.

Inox paid 43.1 per cent higher Entertainment Tax in FY-2016 at Rs 173.81 crore as compared to Rs 121.45 crore in the previous year. Entertainment Tax in Q4-2016 at Rs 35.61 crore was 56.5 per cent higher YoY than Rs 22.76 crore but was 19.8 percent lower QoQ entertainment tax as compared to Rs 44.40 crore.

Distributors share (Exhibition cost) in FY-2016 was 30.5 per cent higher at Rs 325.30 crore as compared to Rs 249.32 crore in FY-2015. Distributors share in Q4-2016 at Rs 68.94 crore was 44.4 per cent higher YoY as compared to Rs 47.75 crore but was 18.5 per cent lower QoQ as compared to Rs 84.54 crore in Q3-2016.

F&B costs in the current year were 34 per cent higher at Rs 66.41 crore as compared to Rs 49.55 crore in the previous year. F&B costs in Q4-2016 increased 37 percent YoY to Rs 14.18 crore as compared to Rs 10.35 crore, but declined 11.1 per cent QoQ from Rs 15.95 crore.

Total Expense in the current year increased 26.1 per cent to Rs 1,223.06 crore from Rs 969.88 crore in FY-2015. Total Expense in the current quarter increased 29.8 percent YoY to Rs 292.59 crore from Rs 225.34 crore but declined 5.3 per cent QoQ from Rs 308.97 crore 

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/04/26/Cannes_1.jpg?itok=wnOU24ow
Cannes jury to have nine members headed by Pedro Almodovar

NEW DELHI: The renowned American actor and producer Will Smith and famous French composer Gabriel Yared are among the members of the jury for the 70th Festival de Cannes under the presidency of Spanish director, screenwriter and producer Pedro Almodóvar. The Jury will be made up of eight key...

Movies International
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/04/24/noor%20%281%29.jpg?itok=QoA11S32
Sequels & the need to cash in on previous successes

The film industry is going through its worst period in a long time. Nothing seems to be working as film after films flop losing almost total investments. This, when private investors are staging a comeback to invest in film distribution business as the big houses have curtailed their activities.

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/04/24/newton.jpg?itok=pk4idYkH
Newton wins HK jury prize for intelligent presentation of political situation

MUMBAI: After impressing the audience and critics alike at the 67th Berlin International Film Festival 2017 where Newton made its world premiere and also won the CICAE Art Cinema Award, Drishyam Film’s upcoming film is now making waves at its Asia premiere in Hong Kong. The film produced by Manish...

Movies International
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/04/22/Payal-Kapadia_0.jpg?itok=RVfBiQVY
Cannes: Thurman to preside over Un Certain Regard Jury, Indian 'Afternoon Clouds' in shortlist

American actress Uma Thurman will preside over the Un Certain Regard jury of the 69th Cannes Film Festival next month.

Movies International
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/04/21/noor%20%281%29.jpg?itok=AsY_F_na
Noor...Insipid...

Noor is based on a book by the Pakistani journalist- writer Saba Imtiaz, ‘Karachi, You Are Killing Me!’ The book in itself does not really tell a story, it is more like a diary of a journalist of day-to-day experiences and adventures along with a bit of her personal life.

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/04/19/Macbeth.jpg?itok=MgGdmOj-
Macbeth on 23 April: Sony Le Plex HD remembers the Bard

MUMBAI: “Be not afraid of greatness: some are born great, some achieve greatness, and some have greatness thrust upon them,” said Shakespeare (the Bard of Avon). Legends never die. One such legend is William Shakespeare. An English poet, playwright, and actor, he passed away 400 years ago, but his...

Movies Hollywood
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/04/19/begum-jaan%20%281%29.jpg?itok=cgTbbEJR
Big stars unaffordable for independent producers

Big films are getting scarce with some major studios pulling out from backing productions. Thanks to the corporate houses bankrolling films, the costs have escalated and the stars have become unaffordable for independent producers.

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/04/14/begum-jaan%20%281%29.jpg?itok=Gg2_QMDN
Begum Jaan.....A rebel without a cause!

The last memorable film on a brothel and prostitutes was Shyam Benegal’s Mandi. The theme was that wherever there are people, a brothel is bound to spring up and, otherwise, wherever a brothel comes up, a town is bound to come up.

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/04/14/Carnival%20motion%20pictures_0.jpg?itok=YUAxVDvD
Carnival Motion Pictures to get into mainline content generation & distribution, says chairman

MUMBAI: It was an occasion to revisit memories as cricket legend Sachin Tendulkar launched the trailer of ‘Sachin – A Billion Dreams’ in Mumbai. Following the launch, Tendulkar had an exclusive screening of the trailer on Extraaa Innings T20 on Sony Max.

Movies Hindi

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories