Inox Leisure Q2 net rises fourfold to Rs 20.51 cr

Multiplex operator Inox Leisure today reported a fourfold rise in consolidated net profit at Rs 20.51 crore for the second quarter ended September 30.
The company had posted a consolidated net profit of Rs 5.23 crore in the same period of the previous fiscal.
Total income on a consolidated basis stood at Rs 355.38 crore in the quarter under review, up from Rs 265.94 crore in the same period last fiscal, Inox Leisure said in a statement here.
On a standalone basis, the company posted a net profit of Rs 19.38 crore during the July-September period as against Rs 6.23 crore in the corresponding quarter of last year.

Total income on a standalone basis stood at Rs 317.26 crore in Q2 as against Rs 250.19 crore in the same quarter of last fiscal, it added.
"The line-up of blockbuster content has led to an increase in footfalls, average ticket prices, and an overall increase in sales and profitability figures," the company said.
"With the opening of new properties and a continued pipeline of quality content, we hope to maintain the growth momentum in the forthcoming quarters and deliver a world-class film viewing experience to our patrons, and enhance value to our stakeholders," it added.