Inox revenues grew 31% in FY16 at Rs 1,333 cr

The company swung back into net profit of Rs 16 cr in Q4

INOX Leisure Limited (INOX), the company that owns and operates cinema exhibition outlets under the brand Inox reported 31 per cent growth in revenues for the year ended March 31. The company's revenues from Rs 1,016.81 crore in FY15 to Rs 1,332.69 crore in FY16.

EBITDA grew by 55 per cent from Rs 122.77 crore the previous year to Rs 189.91 crore in FY16. EBITDA margin increased from 12.1 per cent to 14.3 per cent. PAT and PAT margins also followed the EBITDA trend. Profit for the year grew almost 3.5 times from Rs 20 crore to Rs 77.5 crore while PAT margin almost trebled to 5.8 per cent in FY16 as compared to 2 percent in FY15.

 

Revenue grew mainly on the back of strong box office collections (up 34 per cent year on year) and F&B sales (up 39 per cent y-o-y). Advertising also showed double digit growth at 12 per cent while other revenue remained flat for the fiscal.

For the quarter ended March 31, revenues grew 32 per cent while EBITDA grew 43 per cent. As a result, the company reported a profit of Rs 16.2 crore in Q4FY16 as against a loss of Rs 4 crore in the corresponding quarter in FY15. The turnaround can be attributed to a strong performance at the box office couple with growth in F&B sales. The top 5 films accounted for 42 per cent of Q4 FY16 box office revenues.

Deepak Asher, director and group head (corporate finance), INOX Group of Companies said: "Good content coupled with our expansion across the country, with a world class movie viewing experience has helped us in maintaining our growth in the last quarter. We will continue this growth momentum with our consistent efforts in the forthcoming quarters for our guests and all the stakeholders."