Inox PAT

'We would love to have more players entering the market because that is how the business will grow'

Total income dipped to Rs 185.91 crore in the quarter from Rs 209.44 crore in the same period a year ago

Inox Leisure, the second largest cinema exhibition chain in the country, posted a 62 per cent drop in PAT for the fiscal 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 fiscal under consideration also saw 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 increase in revenue, owing mainly to the robust footfalls (15.73 lakh) that Dangal (released in the last week of December 2016) attracted. Revenue went from Rs 1160.6 crroe in FY16 to Rs 1220.7 crore in FY17. The fall in PAT can be attributed to investments made by the exhibitor in launching big ticket properties during the year, especially in the fourth quarter which led to an increase in lease and rental charges, and in employee cost. The share of revenue from box office, F&B, advertising ..