Inox Leisure posts Q4 net loss of Rs 28.17 cr
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The company reported standalone net loss during the quarter stood at Rs 28.17 crore as compared to net loss of Rs 93.68 crore in the previous year quarter. Net revenue of the company rose two fold by 251.30 per cent at Rs 317.72 crore in January-March quarter of this fiscal as against Rs 90.44 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 110.63 per cent to Rs 219.41 crore from Rs 104.17 crore in year ago period. Other Income dipped by 73.05 per cent at Rs 7.71 crore versus (Mar'21 Rs 28.61 crore).
Operating Profit surged by 816.02 per cent to Rs 98.31 crore as against Rs -13.73 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 303.82 per cent in March quarter. Interest grew by 4.18 per cent y-o-y to Rs 64.31 crore, while Taxation decreased by 86.62 per cent at Rs -3.66 crore (Mar'21 Rs -27.36 crore).
