INOX Leisure gains after commencing commercial operations at a multiplex in Mumbai

INOX Leisure rose 1.43% to Rs 226.75 at 12:55 IST on BSE after the company said it has commenced commercial operations of a new multiplex cinema theatre in Mumbai.

The company made the announcement during trading hours today, 20 November 2015.

Meanwhile, the S&P BSE Sensex was up 172.85 points or 0.67% at 26,014.77

On BSE, so far 15,125 shares were traded in the counter as against average daily volume of 65,421 shares in the past one quarter.

The stock hit a high of Rs 227.55 and a low of Rs 224.05 so far during the day. The stock had hit a record high of Rs 276.30 on 23 October 2015. The stock had hit a 52-week low of Rs 145 on 14 May 2015.

The stock had underperformed the market over the past one month till 19 November 2015, sliding 13.02% compared with Sensex's 5.57% decline. The scrip also underperformed the market in past one quarter, falling 13.49% as against Sensex's 7.48% fall.

The small-cap company has equity capital of Rs 96.46 crore. Face value per share is Rs 10.

INOX Leisure said that the company has commenced commercial operations of a new multiplex cinema theatre, taken on leave & license basis located at R City Mall, Ghatkopar, Mumbai, with effect from 20 November 2015. The multiplex cinema theatre has 9 screens and 2109 seats, INOX Leisure said.

On consolidated basis, INOX Leisure's net profit spurted 292.2% to Rs 20.51 crore on 34.2% growth in net sales to Rs 340.71 crore in Q2 September 2015 over Q2 September 2014.

INOX Leisure, along with Satyam Cineplexes, is now present in 55 cities with 102 multiplexes, 402 screens and a total seating capacity of 104,894 seats across India.

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