Inox Leisure has tanked 13% to Rs 85 after reporting 38% year on year (yoy) decline in net profit at Rs 6.58 crore for the third quarter ended December 31, 2013 (Q3), due to lower revenues and higher expenditure.
The company engaged in the business of operating and managing multiplexes and cinema theatres had profit of Rs 10.62 crore in the same quarter previous fiscal.
The company’s total income from operations grew 2.9% yoy at Rs 214 crore, while total expenditure increased by 7.5% yoy at Rs 200 crore, Inox Leisure said in a statement.
The stock opened at Rs 94 and touched low of Rs 82 on the BSE. A combined 1.02 million shares changed hands on the counter so far on the BSE and NSE.
The company engaged in the business of operating and managing multiplexes and cinema theatres had profit of Rs 10.62 crore in the same quarter previous fiscal.
The company’s total income from operations grew 2.9% yoy at Rs 214 crore, while total expenditure increased by 7.5% yoy at Rs 200 crore, Inox Leisure said in a statement.
The stock opened at Rs 94 and touched low of Rs 82 on the BSE. A combined 1.02 million shares changed hands on the counter so far on the BSE and NSE.
