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Below are Quote on INOX Leisure Ltd Q4FY21 results by Mr. Jyoti Roy - DVP- Equity Strategist, Angel Broking Ltd

INOX reported a 75.7% YoY degrowth in revenues to ₹90.4 crore due to a sharp drop in occupancy rates to 10% as compared to 24% in Q4FY20. Company posted an EBIDTA loss for the quarter at ₹13.7 crore as compared to EBIDTA profits of ₹110 crore in Q4FY20. Loss before tax and exceptional items stood at ₹117 crore as compared to a loss of ₹20 crore in Q4FY20. Adj. Loss after tax for the quarter stood at ₹95.4 crore as compared to a loss of ₹13.5 crore in Q4FY20. Reported loss for Q4FY20 stood at ₹ 93.68 crore as due to a deferred tax impact of ₹68.9 crore during the quarter. While we are positive on the long term growth prospects for the Industry we believe that the recovery for the sector has got delayed by another quarter due to the second Covid 19 outbreak in India.

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