Inox Leisure posts Q4 net loss of Rs 93.68 cr
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The company reported standalone net loss during the quarter stood at Rs 93.68 crore as compared to net loss of Rs 82.17 crore in the previous year quarter. Net revenue of the company declined substantially by 75.66 per cent at Rs 90.44 crore in January-March quarter of this fiscal as against Rs 371.58 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 60.17 per cent to Rs 104.17 crore from Rs 261.54 crore in year ago period. Other Income grew by 498.54 per cent at Rs 28.61 crore versus (Mar'20 Rs 4.78 crore).
Operating Profit slipped by 112.48 per cent to Rs -13.73 crore as against Rs 110.04 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 151.27 per cent in March quarter. Interest grew by 0.52 per cent y-o-y to Rs 61.73 crore, while Taxation decreased by 144.45 per cent at Rs -27.36 crore (Mar'20 Rs 61.55 crore).
