 "Inox Leisure dips post Q2 results")
Inox Leisure has dipped 10% to Rs 242 on the BSE on profit booking after the company reported three-fold jump in consolidated net profit at Rs 20.51 crore for the quarter ended September 30, 2015 (Q2). The company engaged in theatrical exhibition business had profit of Rs 5.23 crore in the year ago quarter.
On sequential basis, the net profit declined by 18.8% from Rs 25.26 crore in June quarter.
Total income from operations during the quarter stood at Rs 355 crore have grew 33% year on year and by 2% on sequential basis.
The stock hit a 52-week high of Rs 276 on the BSE in early morning trade before the announcements of Q2 results. It outperformed the market by gaining 22% compared to 6% rise in the Sensex till yesterday.
At 05:09 pm, the stock was down 9% at Rs 245, with a combined 4.33 million shares changed hands on the BSE and NSE.
On sequential basis, the net profit declined by 18.8% from Rs 25.26 crore in June quarter.
Total income from operations during the quarter stood at Rs 355 crore have grew 33% year on year and by 2% on sequential basis.
The stock hit a 52-week high of Rs 276 on the BSE in early morning trade before the announcements of Q2 results. It outperformed the market by gaining 22% compared to 6% rise in the Sensex till yesterday.
At 05:09 pm, the stock was down 9% at Rs 245, with a combined 4.33 million shares changed hands on the BSE and NSE.
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