Quarterly results: Inox Leisure Ltd
Shital Jibhe / 27 Oct 2016
INOX Leisure's Q2FY17 numbers have come in lower than our estimates. Revenue has come in 13.6% lower than the estimate of Rs 344 cr. EBIDTA is lower by 51.3% compared to the estimate of Rs 55 cr.
Standalone Results Q2FY17: (Rs. in crore)
***EBITDA margin change is bps
INOX Leisure's Q2FY17 numbers have come in lower than our estimates. Revenue has come in 13.6% lower than the estimate of Rs 344 cr. EBIDTA is lower by 51.3% compared to the estimate of Rs 55 cr. And net profit stands 92.3% lower than the estimated figure of Rs 21 cr.
Revenue for the quarter has decreased 3.6% yoy to Rs 297cr.
EBITDA has declined by 52.6% yoy to Rs 27 cr and EBITDA margins have fallen by 942 bps yoy to 9% yoy. This was due to increase in employee benefit cost and other expenses by 22% and 12%, respectively.
Net profit has decreased by 90.5% yoy to Rs 2 cr.
Technical View:
Inox Leisure Ltd., is currently trading at Rs. 261.4, down by 5.2 points or 1.95% from its previous closing of Rs. 266.6 on the BSE.
The scrip opened at Rs. 267.1 and has touched a high and low of Rs. 269.2 and Rs. 261.4 respectively. So far 81994(NSE+BSE) shares were traded on the counter. The stock is currently trading above its 50 DMA.
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