Inox Leisure Q1 net profit down 1.26% at Rs 25 crore

Multiplex operator Inox Leisure today reported a 1.26 per cent decline in consolidated net profit at Rs 24.96 crore for the first quarter ended June 30.
The company had reported a net profit of Rs 25.28 crore in the April-June quarter of the previous fiscal.
Inox Leisure's net sales was up 11.31 per cent to Rs 321.56 crore during the quarter under review as against Rs 288.87 crore in the corresponding quarter of the last fiscal, the company said in a BSE filing.
Meanwhile, in a separate filing, Inox Leisure informed BSE that its board in a meeting held today appointed Kailash B Gupta as new CFO of the company as the incumbent Upen Shah would retire from service on August 18, 2016.

Shah would take charge from August 19, 2016.
The company operates 108 properties with 425 screens located in 57 cities across India.
Inox Leisure shares today settled 3.70 per cent down at Rs 257.55 on BSE.