Revenues in line with expectations: Inox Leisure (INOL) reported overall revenues of INR3,369m in 1QFY17 (est. of INR3,766m), up 11.4% YoY. Net box office revenues grew 13% YoY, F&B; revenues posted strong 9% YoY growth, while advertisement revenues grew at a subdued pace of 3% YoY. Footfalls grew 7% YoY to 15.5m (L2L decline of 1% YoY to 14.3m). ATP grew 6% YoY to INR174, while SPH grew 3% YoY to INR61. Occupancy came in at 31% v/s 33% in 1QFY16. EBITDA margin declined 290bp to 18.4% (est. of 17.4%). Adjusted PAT remained flattish at INR250m v/s INR253m in 1QFY16. INOL opened five...