Inox Leisure defers FY21 capex plans, PVR to raise Rs 300 crore

Multiplex operator Inox Leisure has deferred its FY21 capital expenditure (capex) plans by a year as the exhibition business suffers due to the coronavirus (Covid-19) pandemic. Inox, the country’s second-largest multiplex chain, reported a loss of Rs 21 crore (before tax) in the March quarter of FY20 against a profit before tax of Rs 68 crore a year ago.
 

Analysts have already said the April-June peroid of FY21 will be a washout since multiplexes have been shut for the duration.

Cinema halls are likely to open in July as part of the government’s Unlock 1.0 programme. “I rather focus