Companies

Inox Q3 jumps two-fold to ₹ 36.4 cr

PTI New Delhi | Updated on February 05, 2019 Published on February 05, 2019

Multiplex operator Inox Leisure on Tuesday reported over twofold jump in consolidated net profit to ₹ 36.46 crore in the December 2018 quarter.

The company had posted a net profit of ₹ 13.17 crore in the corresponding quarter a year ago.

Total income was ₹ 436.19 crore in the third quarter, up 32.64 per cent as compared with ₹ 328.85 crore of the corresponding quarter, the company said in a BSE filing.

Inox Leisure total expenses were ₹ 380.13 crore, against ₹ 308.58 crore, a rise of 23.18 per cent.

Inox Group Director Siddharth Jain said: “Expansion and introduction of new formats of theatres coupled with new technology have together been the core focus area this year at INOX.

“This is key to this growth over previous quarter which is aimed at staying ahead of the curve and continue to be pioneers in getting the best required for an unparalleled movie viewing experience.”

INOX has opened 14 properties with 68 screens during the period, it said.

Shares of Inox Leisure Tuesday settled at ₹ 268.25 on the BSE, up 2.17 per cent.

Published on February 05, 2019
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