Buzzing Stock: Inox Leisure to open 39 new screens till end of FY18
DSIJ Intelligence / 16 Aug 2017
Inox Leisure is all set to open 39 new screens with an investment of Rs 100 crore. Currently, the company operates around 475 screens across 58 cities in India.
Inox Leisure is all set to open 39 new screens with an investment of Rs 100 crore. Currently, the company operates around 475 screens across 58 cities in India. It has planned to invest in nine properties for these new 39 screens with capacity of 6,577 seats.
The company spends Rs 2.5-3.0 crore for every new screen. Thus, it will have to spend Rs 100 crores for 39 screens. This plan would be executed in the remaining part of this financial year. Elaborating on its plans, the company’s management has stated this includes addition of 79 properties with 461 screens and 85,955 seats post March 2018. Post this implementation, the company will have 207 properties, 976 screens and 2,11,927 seats.
Inox Leisure registered 15% YoY growth in consolidated revenue for Q1FY18. Its EBITDA rose 21% YoY and the margin stood at 19.4%. The net profit also grew by 28.6% YoY for the quarter.
Inox Leisure Ltd. is a company engaged in operating multiplex cinema theatres and exhibition under the brand name ‘Inox’. Its activities include booking, providing a range of movies, reviewing movie schedules, and offering a range of food items in the cinema halls.
On Monday, the stock closed at price of Rs 246.10. Today it opened at Rs 250 and touched an intra-day high of Rs 256.25.
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