Inox Leisure

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Inox Leisure Ltd posted profit before exceptional items and tax for the third quarter, as movie buffs returned following a string of hits and splurged on pricier tickets and in-theater purchases

PVR and Inox Leisure stocks must defend key levels to avoid turning bearish, show technical charts

Multiplex chain operator Inox Leisure Ltd on Wednesday reported a narrowing of its consolidated net loss to Rs 40.37 crore for the second quarter that ended on September 30, 2022, helped by rising footfalls at cinema halls. The company had posted a net loss of Rs 87.66 crore in the July-September period a year ago, said Inox Leisure in a BSE filing. Its revenue from operations during the quarter under review was at Rs 374.12 crore, up multi-fold in comparison to the low base of the corresponding quarter of the previous year when the cine exhibition industry was impacted due to the second wave of the COVID-19 pandemic. Inox Leisure's revenue from operations in the July-September quarter of the last fiscal stood at Rs 47.44 crore. Total expenses were at Rs 434.24 crore, up two-fold. During the July-September quarter, 11.6 million guests visited Inox cinemas and reported "ATP (Average Ticket Price) of Rs 215 and the highest ever quarterly SPH (Spending Per Head) at Rs 102". This wa

The proposal was passed by over 99 per cent of the number of valid votes cast, PVR said

Multiplex operator PVR on Wednesday said it has received the nod from its shareholders for the scheme of merger with rival Inox Leisure. The leading cinema exhibitor convened a meeting of its shareholders on Tuesday following the directions of the Mumbai bench of the National Company Law Tribunal (NCLT) The proposal was passed by over 99 per cent of the number of valid votes cast, said the scrutiniser's report of the meeting shared by PVR. In June this year, both PVR and Inox Leisure said they had received clearance for their merger from bourses NSE and BSE. On March 27, PVR and Inox Leisure announced the merger to create the largest multiplex chain in the country with a network of more than 1,500 screens to unlock the opportunities in tier III, IV and V cities, besides in the developed markets. The combined entity will be named PVR INOX Ltd with the branding of existing screens to continue as PVR and INOX. New cinemas opened post the merger will be branded as PVR INOX, the compa

The slashing of ticket rates may at first be tried with small and mid-budget movies. These will include evening and night shows as well as weekend shows

Despite the 15 per cent correction from record highs, touched in August, PVR and Inox Leisure have managed to sustain above their respective 200-DMAs

Investors' meet over videoconference comes after Mumbai NCLT's directive to PVR; both Inox Leisure and PVR had said this June that they had received clearances for their merger NSE and BSE

Boycott Bollywood hits PVR, Inox Leisure's stocks

Poor performance of Bollywood movies has made investors to dump multiplex stocks amid fears of sub-par earnings. Analysts see a rocky road for related players for lack of good content. Here's a report

While there may be some bounce back, risks from OTT, sparse revenue from South Indian movies may put pressure on stock prices

Multiplex operator Inox Leisure is confident of pursuing an expansion strategy and has a pipeline of 834 additional screens after FY23, according to the latest annual report of the company. The company, which was operating 692 screens in 73 cities across India as on June 30, 2022, estimates the total screen count to go up to 752 by the end of ongoing fiscal year. "We are confident about pursuing our expansion strategy and with diligent efforts, we continuously work to expand the number of screens around the nation and strengthen our balance sheet," said Inox Leisure. Even in FY22, when the exhibition industry was impacted due to COVID-induced restrictions, "the company witnessed the highest screen addition, accounting to 32 in the industry (8 multiplex cinema theatres)." "We are prepared to welcome the movie-viewing audience back to our theatres and provide great services since we have a strong pipeline of future films," it said. As of June 30, 2022, Inox has 163 properties with

INOX to open a three-screen multiplex in Srinagar, its first

Its revenue from operations during the quarter under review was at Rs 582.26 crore, up multi-fold in comparison to the low base of the corresponding quarter of the previous year

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Experts believe the current news cycle may keep the stock prices of related players volatile in the near term, but any fundamental or direct impact, in the long run, remains improbable.

Multiplex chain operator Inox Leisure Ltd on Monday reported narrowing of consolidated net loss to Rs 28.17 crore for the fourth quarter ended March.

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Leading multiplex operators Inox Leisure and PVR, which had announced their merger last month, have a combined pipeline of 2,000 screens and aim to double this size in next seven years, entailing an investment of Rs 4,000 crore. The merged entity would invest capex of Rs 2.5 crore per screen as part of their expansion, said Inox Leisure Director Siddharth Jain in a Business Update Conference Call with the investors after announcing the merger. On March 27, PVR and INOX Leisure announced a merger deal to create the largest multiplex chain in the country with a network of more than 1,500 screens to unlock the opportunities in tier III, IV & V cities besides the developed markets. The combined entity will be named PVR INOX Ltd with the branding of existing screens to continue as PVR and INOX, respectively. New cinemas opened post the merger will be branded as PVR INOX, the companies had said on March 27. Responding to a query over the number of screens in the pipeline of the ...

PVR and Inox have seen strong bounceback led by compelling movie content, rise in average ticket prices, and food and beverage (F&B) revenue per head surpassing pre-pandemic levels