Business Standard

Cinemax India surges post Q2 results, stock doubles in 12 days

September 2012 quarter net profit at Rs 13.39 crore against Rs 7.98 crore in June 2012 quarter.

Related News

Cinemax India has locked in 10% upper circuit at Rs 151 after reporting a 68% quarter-on-quarter (qoq) growth in net profit at Rs 13.39 crore for the second quarter ended September 2012. The company engaged in theatre exhibition business had profit of Rs 7.98 crore in June 2012 quarter.

The company’s total income from operations grew 19% at Rs 100 crore in September from Rs 84 crore in the previous quarter, said in a statement.

Cinemax India is the resultant entity carrying the demerged theatre exhibition business of Cinemax Properties with effect from 1 April 2012.

Meanwhile, the stock has been more than doubled from Rs 74 after Reliance Media & Entertainment Fund had acquired 158,097 shares of the company for Rs 1.22 crore on October 29.

A combined 817,511 shares have already changed hands on the counter so far and there are pending buy orders for 178,043 shares on the BSE and NSE at 1510 hours.

Read more on:   
|
|

Read More

BSE launches carbon index

Premier bourse BSE, in collaboration with the UK government, today launched BSE Carbonex, the first-of-its-kind index in India or any emerging market ...

Quick Links

 

Market News

Double digit earnings to cheer markets in FY16

Analysts expect earnings surprises from consumer discretionary, financial and industrial sectors

Markets in evolution offer tremendous opportunities: Chitra Ramakrishna

The CEO of National Stock Exchange expects to see more retail savings enter the stock market

Domestic market not showing revival, ceramic units look global

Ceramic industries face reduction in business because of slowdown in real estate sector

Sebi slaps over Rs 21 cr fine on Gujarat Arth promoters, PACs

Sebi has slapped a hefty penalty of over Rs 21 crore on Gujarat Arth Ltd's promoters and persons acting in concert (PACs) for fraudulent ...

Indiabulls Securities pays Rs 1 crore to Sebi to settle allegations

The settlement charges were invoked after the irregularities were found in the company's broking operations

Back to Top