Overall, market breadth remained in the favour of the bulls with nearly two stocks rising against a stock that declined at the bourses
Inox Leisure and PVR were trading higher for the fifth straight trading day, gaining 21 per cent and 13 per cent, respectively, during the period
Over the weekend, the UK said it had identified a new strain of Covid-19 which spreads more quickly than previous variants
VRL Logistics has maintained a strong base near Rs 145 level.
Leading multiplex chain Inox Leisure raised Rs 250 crore from a qualified institutional placement of shares
All that happened in the markets today.
The state accounts for a fifth of the screens for PVR and Inox Leisure
Multiplex chain operator Inox Leisure on Thursday reported a consolidated net loss of Rs 67.83 crore for September quarter as its film exhibition business was closed due to the pandemic-induced lockdown. The company had posted a net profit of Rs 35.13 crore in July-September a year ago, Inox Leisure said in a BSE filing. Revenue from operations was down 99.93 per cent to Rs 36 lakh during the quarter under review as against Rs 519.94 crore in the corresponding quarter last fiscal. Total income was at Rs 4.66 crore, down 99.11 per cent as against Rs 524.34 crore in the year-ago period. With lockdown imposed by the central & state governments to contain the spread of COVID-19 since the month of March '20, the company witnessed yet another quarter with not a single day of operations. As a result, the company reported revenues at Rs 5 crore, EBITDA at Rs 30 crore and PAT at Rs 48 crore, said Inox Leisure in a post earning statement. Inox Leisure's total expenses were at Rs 95.29 ...
The 50 per cent capacity, given under Unlock 5.0, is unlikely to make up for the losses already incurred in the past six months, say analysts
The central government has permitted reopening of cinemas from October 15 with up to 50 per cent of seating capacity outside containment zones adhering to the Standard Operating Procedure
Is it a good time to buy stocks of multiplex operators amid unlocking of the economy? Here's what charts suggest
Cinema halls have remained shut since the nationwide coronavirus lockdown began in late March.
Javier Sotomayor, managing director, Asia and Middle East spoke to Vanita Kohli-Khandekar on how Cinepolis plans to get back on its feet in India
Multiplex chain operator Inox Leisure Ltd on Wednesday reported a consolidated net loss of Rs 73.64 crore for the June quarter as the film distribution business came to a halt due to the COVID-19 pandemic. The company had posted a net profit of Rs 27.01 crore in the April-June period a year ago, Inox Leisure said in a BSE filing. Revenue from operations slumped 99.94 per cent to Rs 0.25 crore during the quarter under review, from Rs 493.01 crore in the corresponding period of the preceding fiscal. According to the company, the unprecedented circumstances resulted in "not even a single day of operations in Q1'FY21." Total income stood at Rs 2.97 crore, down 99.40 per cent as compared to Rs 496.13 crore in Q1 FY20. Total expenses were at Rs 100.89 crore as against Rs 454.59 crore, down 77.80 per cent. "With an objective to keep the costs under a check, the Company has implemented active cost control measures and brought down major expenses including employee costs, power & fuel ...
According to reports, the MAI is certain that cinema halls will be allowed to reopen for the public in the next phase of unlock
Analysts have already said the April-June peroid of FY21 will be a washout since multiplexes have been shut for the duration
Sensex shed 414 points or 1.2 per cent to settle at 33,956.69 while NSE's Nifty ended at 10,047, down 121 points
Inox Leisure posted a consolidated net loss of Rs 82 crore, while PVR reported a loss of Rs 75 crore in Q4, due to lower revenues owing to the outbreak of Covid-19 in the last month of the quarter.
Inox Leisure's total expenses fell 3.39 per cent to Rs 396.98 crore during the fourth quarter as against Rs 410.93 crore a year ago
Media reports suggest OTT platform Amazon Prime Video has acquired seven Bollywood & regional films, including Amitabh Bachchan-Ayushmann Khurrana starrer 'Gulabo Sitabo' for direct-to-digital premier