Inox PAT down 62% in FY17

Exhibition chain saw 5% increase in revenue, EBITDA and PAT for the year was down 23% and 62%

Inox Leisure, the second largest cinema exhibition chain in the country, posted a 62 per cent drop in profit after tax (PAT) for the financial year 2016-17. PAT went from Rs 81 crore in FY16 to Rs 30.6 crore in FY17. Subsequently, PAT margin was down from 7 per cent to 2.5 per cent. Ebitda for the financial year under consideration also saw a significant decrease at 23 per cent from Rs 189.1 crore in FY16 to Rs 146.1 crore (margin down from 16.3 per cent to 12 per cent).

However, the exhibition chain did see a five per cent