Specialty Retail firm INOX Leisure declares Q3FY22 result: Company reduces gap with pre-COVID levels on key business metrics Revenues reported at Rs 301 Cr, EBITDA at Rs 54 Cr* and PAT at Rs 17 Cr* Company reported the highest ever Quarterly Average Ticket Price at Rs 226 At Rs 97, Company reports Highest ever Quarterly Spends Per Head 9.4 Mn guests visited INOX cinemas in Q3’FY22 signaling a robust recovery 03 new properties with 13 screens added in Q3’FY22, at Aurus Mall, Guwahati, Prabhatam Grand Mall, Dhanbad and Worldmark, Gurugram Company displays commitment to growth by adding 41 screens in CY2021, highest in the Industry Possesses a progressive approach with an innovation-driven growth outlook and robust F&B; roadmap, backed by a massive lineup of great quality content While being the only multiplex chain in the country to be Net Debt Free, INOX has managed to maintain a strong liquidity position INOX now operates 667 screens across 158 multiplexes in 70 cities Mr. Siddharth Jain, Director – INOX Group says, “Besides being resilient, we maintained an optimistic outlook during the adverse phase over the past 8 Quarters. Thanks to our strong fundamentals, the spectacular content flow and above all, the infinite passion for cinema prevailing in our country, we have proudly witnessed the recovery happening. I express my deepest gratitude for the significant support that we have received from all our stakeholders, be it the real estate partners, content creators, our investors or our team. They have played a massive role in this journey, which continues to remain progressive and promising. With the addition of 41 new screens, the highest in the industry in CY2021, we have shown that adversities could not dent our passion. Our path ahead promises to be one underlined by innovativeness and rigor, and being enlightened with our lessons from the past. We will certainly gain strength from our excellent liquidity levels and a zero net debt position.“ Result PDF
Highlights Revenues reported at Rs 53 Cr, EBITDA at Rs (59) Cr* and PAT at Rs (68) Cr* Company reported an Average Ticket Price of Rs 178 Spends Per Head stood at Rs 92 18 lakhs guests visited INOX cinemas in Q2’FY22 giving a double digit occupancy rate of 10% The company added 02 new properties with 06 screens in Q2’FY22, at JTM Mall, Jaipur and Reliance Mall, Bhilwara. All States with INOX’s presence have allowed cinemas to operate as per Unlock directives INOX now operates 658 screens across 156 multiplexes in 70 cities Screen addition to continue in FY22 Stringent cost control procedures continue to remain implemented With a massive lineup of great quality content in Hindi, English and other Indian languages, Company expects a strong recovery in the next quarter The Company’s revamped F&B; road map has started getting fructified now with tie-ups including Eazydiner and ITC’s brand – Kitchens of India 100% INOX employees across the country are vaccinated Mr. Siddharth Jain, Director – INOX Group says, “Our performance in this Quarter signifies the beginning of the revival journey, which has come after numerous Quarters of uncertainty. Our teams depicted stout resilience and saw through this phase in a resolute manner, which now provides us with the wherewithal to create and unleash the same old experiential magic that INOX is known for. We are certain that with a great content pipeline in this upcoming Quarters, reduced apprehensions, positive consumer sentiment, a 100% vaccinated team, a strong liquidity position and unlocking of Maharashtra, not only INOX, but the entire film exhibition industry will resurge with a fascinating performance. We have been waiting for this critical juncture to arrive, and with the backing of the faith of all our stakeholders, we know that we are heading into a brighter tomorrow.” With 2 new properties, with 6 screens inaugurated in JTM Mall, Jaipur and Reliance Mall, Bhilwara the Company now operates 156 multiplexes with 658 screens in 70 cities across the country. The Company plans to add 34 screens in FY’22, out of which, project work of 9 screens is ~95% completed. Result PDF