Movies

Inox reports lower PAT for Q3-2014

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/movie-images/2014/01/30/inox_logo.jpg?itok=IJXylGLd

BENGALURU: Despite higher average ticket price during the quarter, India’s largest multiplex chain – Inox Leisure (Inox) reported a 38.4 per cent drop in PAT to Rs 6.58 crore as compared to the PAT of Rs 10.62 crore y-o-y and a drop of 35.04 per cent from the Rs 10.13 crore PAT reported during the immediate trailing quarter (Q2-2014).

Inox reported total revenue of Rs 214.27 crore for Q3-2014 which was 2.94 per cent more than the Rs 208.15 crore in Q3-2013, but 9.54 per cent lower than the Rs 236.86 crore in Q2-2014.

Though the average price of ticket during Q3-2014 at Rs 163 was 1.88 per cent higher than the average price of ticket of Rs 160 during FY-2013, Inox saw a 1.7 per cent fall in income from operations during Q3-2014 to Rs 200.37 crore from Rs 203.84 crore in the corresponding quarter of last year. Operating Income during Q3-2014 was 12.07 per cent lower than the Rs 227.88 crore of Q2-2014. Lower revenue coupled with lower Exhibition cost and lower Entertainment tax paid by the company seem to indicate a lower occupancy rate, despite tax rebates/waivers in some territories and for some movies, if applicable.

Let us look at the other numbers reported by Inox for Q3-2014…

Total expense for Q3-2014 at Rs 200.36 crore was 7.56 per cent more than the Rs 186.28 crore in Q3-2013 and 4.28 per cent lower than the Rs 209.32 crore in Q2-2014.

As mentioned above, the company paid lower entertainment tax and exhibition cost during the current quarter. Inox paid Rs 25.31 crore as Entertainment Tax during Q3-2014 which was 10.44 per cent lower than the Rs 28.26 crore tax in Q3-2013 and 14.78 per cent lower than the Rs 29.7 crore in Q2-2014.

Exhibition cost incurred at Rs 58.48 crore during Q3-2014 was 5.91 per cent lower than the Rs 57.9 crore in Q3-2013 and 12.41 per cent lower than the Rs 62.2 crore in Q2-2014.

Inox paid 16.9 per cent more towards property rent, conducting fees and common facilities charges during Q3-2014 at Rs 34.58 crore as compared to the Rs 29.58 crore during Q3-2013 and 0.88 per cent more than the Rs 35.28 crore in Q2-2014.

33.41 per cent hike in ‘Other Expenses’ to Rs 48.48 crores in Q3-2014 from Rs 36.64 crore in Q3-2013 and 7.02 per cent from Rs 45.30 crore in Q2-2014 further dented profitability of the company. Also, 22.36 per cent higher Employee cost during Q3-2014 at Rs 13.9 crore as compared to the Rs 11.36 crore in Q3-2013 and 18.6 per cent more than the Rs 11.72 crore in Q2-2014 played a part in damping the profits during the current quarter.

Click here for full report

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/03/25/Rjavardhan-rathor-800x800.jpg?itok=eYAh5ig1
Rs 125 million incurred on Film Heritage Mission this year

NEW DELHI: A total of about 1,32,000 film reels have been acquired and the work of assessment, preventive conservation and restoration started under a mission mode project under the National Film Heritage Mission (NFHM). The scheme is to be implemented between 2014-15 and 2020-21 with total outlay...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/03/24/anarkali%20%281%29.jpg?itok=_Hz9Q49z
Anaarkali Of Aarah: Worth a look

Just when one was expecting a week of lack-lustre films especially as some small filmmaker is releasing his or her work, comes a surprise that reinforces faith in good cinema.

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/03/21/Badrinath-ki-Dulhaniya.jpg?itok=9AKk4o7J
Dismal releases help last week's film to turn lucky at the Box Office

MUMBAI: With dismal releases, the week proved lucky for last week’s ‘Badrinath ki Dulhaniya’ as none of the three films fresh releases this week managed to create any impact on the viewers.

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/03/20/Freedom%20of%20speech.jpg?itok=S5jPVnrt
'Freedom of speech' vital in progressive society, says Nandita Das

NEW DELHI: Three short films made by renowned filmmakers Sudhir Mishra, Nandita Das and Ram Madhvani on meaningful subjects marked the India Today conclave on its closing day in Mumbai. India Today Group editorial director Kalli Purie said the films had been commissioned by the group to mark four...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/03/17/machine%20%281%29_0.jpg?itok=rcz0b_3J
Machine.... Poor show

Machine is a rather unlikely story with an unlikely title. Coming from Abbas Mustan duo, the Burmawalla brothers, who made a reputation for giving thrillers and action films with good musical score, one expected more of the same stuff. Having worked with some of the top artistes of Hindi film...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/03/14/badri%20%281%29.jpg?itok=86DVRTqy
'Badrinath Ki Dulhania' is on its way to becoming a hit

The time period for the release of Badrinath Ki Dulhania was dicey to say the least. The film was released bang in the middle of days of election results in the most politically volatile states of the North India, board exams and the pre-Holi Friday. Also, cinema halls are closed till mid-noon on...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/03/14/paramount.jpg?itok=gy3_va7l
Paramount & Anonymous Content to make 'The Windfall' as a TV series

Paramount TV and Anonymous Content have come together to develop Indian author Diksha Basu’s upcoming debut novel The Windfall as a TV series.

Movies Hollywood
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/03/10/kung-fu%20%281%29.jpg?itok=xrr6JRYL
Kung Fu Panda 3 premiering on Star Movies on 19 March

This month Star Movies brings to its viewers Kung Fu Panda 3, the latest installment in the animated series featuring Po, a dumpling loving Panda, who defies all odds to become a Dragon Warrior. From the very first film, Po has created a special space in the hearts of audiences of every age and...

Movies Hollywood
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/03/10/badri%20%281%29.jpg?itok=zjx-Ps3H
Badrinath Ki Dulhania: Part fun, part dull

Director Shashank Khaitan seems to be creating a franchise of his own as he comes back with 'Badrinath Ki Dulhania' after his earlier film, Humpty Sharma Ki Dulhania. This film too starts off in Hindi belt but later traverses to Singapore to break the monotony.

Movies Hindi

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories