 "Inox Leisure rallies over 10% on robust Q1 results")
Shares of Inox Leisure rallied 15% to Rs 239, also their record highs on the BSE, after the company reported a nearly five-fold jump in its consolidated net profit at Rs 25.26 crore for the quarter ended June 30, 2015 (Q1), on the back of strong operational income. The multiplex operator had posted a profit of Rs 4.58 crore in the year-ago quarter.
The company’s operational revenue increased 50% to Rs 349 crore in the June quarter from Rs 232 crore in the corresponding quarter of previous fiscal.
Operating profit margins improved to 18.8% in the reporting quarter against Rs 12.6% in the same quarter a year ago.
The company said that robust operating performance was driven by rising footfalls, high ticket prices, highly profitable food & beverage (F&B) service and a focus on other operating income.
Meanwhile, last year’s June quarter financials do not include the contribution from Satyam Cineplexes, which became an Inox subsidiary on 8 August 2014, the company added.
At 10:16 AM, the stock was up 13% to Rs 235 on the BSE. A combined 2.05 million shares changed hands on the counter on the BSE and NSE so far.
The company’s operational revenue increased 50% to Rs 349 crore in the June quarter from Rs 232 crore in the corresponding quarter of previous fiscal.
Operating profit margins improved to 18.8% in the reporting quarter against Rs 12.6% in the same quarter a year ago.
The company said that robust operating performance was driven by rising footfalls, high ticket prices, highly profitable food & beverage (F&B) service and a focus on other operating income.
Meanwhile, last year’s June quarter financials do not include the contribution from Satyam Cineplexes, which became an Inox subsidiary on 8 August 2014, the company added.
At 10:16 AM, the stock was up 13% to Rs 235 on the BSE. A combined 2.05 million shares changed hands on the counter on the BSE and NSE so far.
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