Q1-2016: Inox y-o-y box office collections up 53%, PAT more than quadruples

BENGALURU: Inox Leisure Limited reported 53 per cent increase in box office collection (GBO) to Rs 239.38 crore (68.7 per cent of Total Revenue or TR) in the quarter ended 30 June, 2015 (Q1-2016) as compared to the Rs 156.56 crore (67.4 per cent of TR) in Q1-2015 and a whopping 77.5 per cent more than the Rs 134.80 crore (61.9 per cent of TR) in Q4-2015, hence reversing falling GBO trend in FY-2015.

Performance of movies like Tanu Weds Manu Returns (GBO Rs 31.11 crore, 19 lakh footfalls); Piku (GBO Rs 21.80 crore, 13 lakh footfalls), Furious 7 (GBO Rs 18.93 crore, 11 lakh footfalls), ABCD2 (GBO Rs 18.45 crore, 10 lakh footfalls) and Avengers-Age of Ultron drove the resurgence in revenue as well profit after tax (PAT).

Note: (1) 100,00,000 = 100 lakh = 10 million = 1 crore

         (2) Figures include Satyam Cineplexes Limited, which became wholly owned subsidiary of the company on 8 August, 2014.

The company’s PAT in Q1-2016 more than quadrupled (up 4.52 times) to Rs 25.26 crore (7.2 per cent margin) as compared to the Rs 4.52 crore (two per cent margin) in Q1-2015. Inox had reported a loss of Rs 4.06 crore in the immediate trailing quarter.

The company’s TR in Q1-2016 at Rs 348.68 crore was 50 per cent more than the Rs 232.38 crore in Q1-2015 and was 60 per cent more than the Rs 217.75 crore in Q4-2015.

Footfalls, occupancy rates and average ticket price:

Inox reported 1.45 crore footfalls in Q1-2016 and an occupancy rate of 33 per cent as compared to the 0.99 crore footfalls and an occupancy rate of 26 per cent in Q1-2015 and 0.82 crore footfalls and an occupancy rate of 20 per cent in the immediate trailing quarter.

Average ticket price (ATP) in Q1-2016 increased to Rs 165 as compared to Rs 159 in the corresponding year ago quarter and Rs 164 in the previous quarter.

Advertising, food and beverages and other operating revenues:

The company reported 38.5 per cent higher advertising revenue in Q1-2016 at Rs 20.72 crore (5.9 per cent of TR) from Rs 14.96 crore (6.4 per cent of TR) in Q1-2015 and was 4.7 per cent more than the Rs 19.79 crore (9.1 per cent of TR) in Q4-2015.

Food and Beverages (F&B) revenue in Q1-2016 increased 45.5 per cent to Rs 73.89 crore (21.2 per cent of TR) as compared to the Rs 47.21 crore (20.3 per cent of TR) in Q1-2015 and almost doubled (up 97.4 per cent) as compared to the Rs 37.43 crore (17.2 per cent of TR) in Q4-2015.

Other operating revenue increased 7.8 per cent to Rs 14.70 crore (4.2 per cent of TR) in Q1-2016 from Rs 13.64 crore (5.9 per cent of TR) in Q1-2015, but fell 42.9 per cent as compared to the Rs 25.73 crore (11.8 per cent of TR) in Q4-2015.

Entertainment Tax, distributors’ share, F&B costs, rents, et al:

Inox paid 61.8 per cent higher entertainment tax in Q1-2016 at Rs 42.63 crore (13.3 per cent of TR) as compared to the Rs 28.57 crore (12.3 per cent of TR) in Q1-2015 

and more than double (2.03 times) the Rs 22.76 crore (10.5 per cent of TR) in Q4-2015.

Distributors’ share in Q1-2016 at Rs 85.21 crore was (24.4 per cent of TR, 35.6 per cent of GBO) was 45.9 per cent more than the Rs 58.40 crore (25.1 per cent of TR, 37.3 per cent of GBO) in Q1-2015 and was 78.5 per cent more than the Rs 47.75 crore (20.5 per cent of TR, 37.7 per cent of GBO) in Q4-2015.

F&B costs in Q1-2016 increased 50 per cent to Rs 18.38 crore (5.3 per cent of TR) as compared to the Rs 12.25 crore (5.3 per cent of TR) and was 77.6 per cent more than the Rs 10.35 crore (4.8 per cent of TR) in Q4-2015.

Inox paid 26.9 per cent higher property rent, conducting fees and common facility charges (rent) in Q1-2016 at Rs 49.05 crore (14.1 per cent of TR) as compared to the Rs 38.64 crore (16.6 per cent of TR) in Q1-2015 and 5.2 per cent more than the Rs 46.63 crore (21.4 per cent of TR) in Q4-2015.

Latest Reads
'17 IPL buzz doubled, Virat sliped six spots & Voda had most engaging content

Maxus, the global media agency of GroupM, has analysed the social conversations that happened around IPL Season 10. This study has been done by Maxus Mesh – the marketing command center and dialogue engine that reads environmental signals in real-time.

MAM Marketing MAM
IGS-powered Infosys Data Lake on Amazon Web launched

MUMBAI: Infosys, a global leader in consulting, technology, outsourcing and next-generation services, announced the launch of the Infosys Boundaryless Data Lake offering powered by its Information Grid Solution on Amazon Web Services (AWS).The solution allows enterprises to do more with their data...

MAM Marketing Brands
Volini gets a #PatOnTheBack from Lintas

MUMBAI: We as children have been our parents’ top priority, sometimes even at the cost of their well-being and happiness. While the pain they took mostly remains hidden from us, can we ever give back enough? We know, we can’t; but isn’t there joy in the attempt.

MAM Media and Advertising Ad Campaigns
Havas Health & You to broaden APAC offering with Sorento buy

MUMBAI: Havas Group is expanding its capabilities and footprint in the important and burgeoning Indian market by adding Sorento to its roster of agencies. Sorento will integrate the Havas Health & You business unit and be rebranded Havas Life Sorento. This strategic acquisition will allow Havas...

MAM Marketing MAM
ASCI bags gold award for mobile app 'ASCIonline'

The Advertising Standards Council of India (ASCI) has bagged the gold award for their Mobile App “ASCIonline” to receive consumer complaints against false advertisement at the Global EASA Best Practice Awards 2016.

MAM Marketing MAM
Maxus wins media mandate for ICC Champions & ICC Women’s World Cup

Marketing communications consultancy Maxus has won the media mandate in India for ICC Champions Trophy and ICC Women’s World Cup 2017 to help marketers build profitable relationships between consumers and their brands.

MAM Media and Advertising Account
Cashless Bano India movement launched by NDTV & Mastercard

NEW DELHI: 'Cashless Bano India', a campaign aimed at accelerating the adoption of digital forms of payments through an on-ground and TV campaign, has been launched to educate the masses about digital payment solutions and encourage its usage for everyday spends. This campaign launched by NDTV...

MAM Marketing Brands
Havas develops CTS transparent client facing programmatic solution

Client Trading Solution (CTS) - a game-changing programmatic solution that gives clients complete visibility and control over their campaigns – has been launched by meta programmatic solutions pioneer Havas Group to act as a control tower, offering clients complete visibility across trading desks,...

MAM Media and Advertising Media Agencies
Mayuresh U. Dubhashi new executive creative director at Grey group India

Grey group India has appointed veteran advertising expert Mayuresh Dubhashi as its executive creative director.

MAM Media and Advertising People

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories