The company reported the highest quarterly Average Ticket Price of Rs 230. The company reported its highest every quarterly Spends Per Head at Rs 106, 15.3 MN guests visited INOX cinemas in Q3’FY23, giving an occupancy rate of 23%.
The company launched AmpliX, an innovative seat-integrated sound technology, which offers a 360-degree spherical audio experience on cinema seats Company has strong liquidity of Rs 355 Cr (including drawn limits of Rs 125 Cr) as of 28th January 2023 and also to remains net debt free.
NCLT Mumbai bench has allowed the proposed scheme of amalgamation between INOX Leisure Ltd. With PVR Ltd. on 12th January 2023. INOX Leisure Ltd reported financials for the Third quarter ending 31st December 2022. The Company reported Revenues at Rs 522 Cr, with EBITDA standing at Rs 87 Cr* and Adjusted PAT at Rs 40 Cr*# for Q3’FY23.
The company reported its highest-every quarterly ATP of Rs 230 and SPH at Rs 106. INOX has managed to maintain a strong liquidity of close to Rs 355 Cr (including drawn limits of Rs 125 Cr) as on 28th January 2023. With the content supply resuming normalcy, the Company witnessed the usual buoyancy in the business, resulting in best-ever levels on key quarterly metrics of ATP and SPH.
With Pathaan breaking the shackles and creating multiple records, the Company expects a greater turnaround in the business going forward, thanks to a fascinating content lineup in the upcoming quarters with releases like Shehzada, Selfie, Tu Jhooti Main Makkar, Bholaa, John Wick: Chapter 4, Ant-Man and the Wasp: Quantumania, Vaathi (Tamil) and Shaakuntalam (Telugu).
The company continued its drive to roll out consumer-centric innovations on content, technology, and the F&B front. A revolutionary seat-integrated sound technology, AmpliX was launched at INOX Megaplex in Mumbai, offering a 360-degree spherical audio experience on cinema seats. The company added 45 screens in the first 9 months of FY23, which is also the highest screen addition in the industry.
The company added 4 new properties with 15 screens in Q3’FY23; 3 screens multiplex at CMR Mall, Gajuwaka, 4 screens multiplex at Center Mall, Mysore, 3 screens multiplex at Leila Mall, Vijayawada, and 5 screens multiplex at RCube Monad Mall, New Delhi. The company added 4 new properties with 15 screens in Q3’FY23; a3 screen multiplex at CMR Mall, Gajuwaka, 4 screens multiplex at Center Mall, Mysore, 3 screens multiplex at Leila Mall, Vijayawada, and 5 screen multiplex at Rube Monad Mall, New Delhi.
The company plans to add 7 properties and 32 screens in Q4’FY23. On the proposed INOX-PVR merger, the NCLT Mumbai bench has allowed the proposed scheme of amalgamation between INOX leisure Ltd. with PVR Ltd. on 12th January 2023. Commenting on the results, Siddharth Jain, Director – of INOX Leisure Ltd says, The inevitable cheerfulness and buoyancy is back on the cinema floor and is clearly reflecting on our quarterly performance.
Our constant pursuit of innovativeness and our desire to offer the best cinema-viewing experience have played significant roles in a quarter which may be termed as a remarkable one. Content, like always, remains the most critical aspect, and would continue to play a pivotal role in the coming quarters as well.
About INOX Leisure Limited:
INOX Leisure Limited (INOX) is amongst India’s largest multiplex chains, with 170 multiplexes spanning 722 screens across 74 cities. INOX recently launched Mega plex, a massive experience-driven entertainment destination at Palassio Mall, Lucknow, and In orbit Mall, Malad, Mumbai, which is home to the most cinema formats in the world.
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