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business-standard - 2 month ago

Inox Leisure reports consolidated net loss of Rs 73.64 cr in June quarter

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 ...


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