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Q1-2016: Inox y-o-y box office collections up 53%, PAT more than quadruples
BENGALURU: Inox Leisure Limited reported 53 per cent increase in box office collection (GBO) to Rs 239.38 crore (68.7 per cent of Total Revenue or TR) in the quarter ended 30 June, 2015 (Q1-2016) as compared to the Rs 156.56 crore (67.4 per cent of TR) in Q1-2015 and a whopping 77.5 per cent more than the Rs 134.80 crore (61.9 per cent of TR) in Q4-2015, hence reversing falling GBO trend in FY-2015.
Performance of movies like Tanu Weds Manu Returns (GBO Rs 31.11 crore, 19 lakh footfalls); Piku (GBO Rs 21.80 crore, 13 lakh footfalls), Furious 7 (GBO Rs 18.93 crore, 11 lakh footfalls), ABCD2 (GBO Rs 18.45 crore, 10 lakh footfalls) and Avengers-Age of Ultron drove the resurgence in revenue as well profit after tax (PAT).
Note: (1) 100,00,000 = 100 lakh = 10 million = 1 crore
(2) Figures include Satyam Cineplexes Limited, which became wholly owned subsidiary of the company on 8 August, 2014.
The company’s PAT in Q1-2016 more than quadrupled (up 4.52 times) to Rs 25.26 crore (7.2 per cent margin) as compared to the Rs 4.52 crore (two per cent margin) in Q1-2015. Inox had reported a loss of Rs 4.06 crore in the immediate trailing quarter.
The company’s TR in Q1-2016 at Rs 348.68 crore was 50 per cent more than the Rs 232.38 crore in Q1-2015 and was 60 per cent more than the Rs 217.75 crore in Q4-2015.
Footfalls, occupancy rates and average ticket price:
Inox reported 1.45 crore footfalls in Q1-2016 and an occupancy rate of 33 per cent as compared to the 0.99 crore footfalls and an occupancy rate of 26 per cent in Q1-2015 and 0.82 crore footfalls and an occupancy rate of 20 per cent in the immediate trailing quarter.
Average ticket price (ATP) in Q1-2016 increased to Rs 165 as compared to Rs 159 in the corresponding year ago quarter and Rs 164 in the previous quarter.
Advertising, food and beverages and other operating revenues:
The company reported 38.5 per cent higher advertising revenue in Q1-2016 at Rs 20.72 crore (5.9 per cent of TR) from Rs 14.96 crore (6.4 per cent of TR) in Q1-2015 and was 4.7 per cent more than the Rs 19.79 crore (9.1 per cent of TR) in Q4-2015.
Food and Beverages (F&B) revenue in Q1-2016 increased 45.5 per cent to Rs 73.89 crore (21.2 per cent of TR) as compared to the Rs 47.21 crore (20.3 per cent of TR) in Q1-2015 and almost doubled (up 97.4 per cent) as compared to the Rs 37.43 crore (17.2 per cent of TR) in Q4-2015.
Other operating revenue increased 7.8 per cent to Rs 14.70 crore (4.2 per cent of TR) in Q1-2016 from Rs 13.64 crore (5.9 per cent of TR) in Q1-2015, but fell 42.9 per cent as compared to the Rs 25.73 crore (11.8 per cent of TR) in Q4-2015.
Entertainment Tax, distributors’ share, F&B costs, rents, et al:
Inox paid 61.8 per cent higher entertainment tax in Q1-2016 at Rs 42.63 crore (13.3 per cent of TR) as compared to the Rs 28.57 crore (12.3 per cent of TR) in Q1-2015
and more than double (2.03 times) the Rs 22.76 crore (10.5 per cent of TR) in Q4-2015.
Distributors’ share in Q1-2016 at Rs 85.21 crore was (24.4 per cent of TR, 35.6 per cent of GBO) was 45.9 per cent more than the Rs 58.40 crore (25.1 per cent of TR, 37.3 per cent of GBO) in Q1-2015 and was 78.5 per cent more than the Rs 47.75 crore (20.5 per cent of TR, 37.7 per cent of GBO) in Q4-2015.
F&B costs in Q1-2016 increased 50 per cent to Rs 18.38 crore (5.3 per cent of TR) as compared to the Rs 12.25 crore (5.3 per cent of TR) and was 77.6 per cent more than the Rs 10.35 crore (4.8 per cent of TR) in Q4-2015.
Inox paid 26.9 per cent higher property rent, conducting fees and common facility charges (rent) in Q1-2016 at Rs 49.05 crore (14.1 per cent of TR) as compared to the Rs 38.64 crore (16.6 per cent of TR) in Q1-2015 and 5.2 per cent more than the Rs 46.63 crore (21.4 per cent of TR) in Q4-2015.
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Bosch and Tata AutoComp to form JV for e-mobility in India
Equal stake venture to build electric drive systems and motors
BENGALURU: Bosch Limited and Tata AutoComp Systems are joining forces to tap into India’s fast-evolving electric mobility story, announcing plans for a 50:50 joint venture focused on key vehicle electrification technologies.
The proposed venture, expected to begin operations by mid-2026 subject to regulatory approvals, will focus on engineering, manufacturing and sales of eAxle systems and electric motors. Headquartered in Pune, it aims to bring global technology closer to the local market at a time when India’s automotive sector is shifting gears towards electrification.
For Bosch Group India president and Bosch Limited managing director Guruprasad Mudlapur, the direction is clear. He noted that battery electric technology is central to reducing emissions across passenger vehicles and select commercial segments, adding that the partnership is designed to accelerate adoption through advanced and efficient solutions.
The collaboration reflects a broader shift in the mobility landscape, where global expertise is increasingly being localised. Bosch Limited joint managing director and Mobility Solutions India president Sandeep Nelamangala, pointed out that customers are seeking cutting-edge global technologies tailored for India, a demand this venture aims to meet.
From Tata AutoComp’s perspective, the partnership brings complementary strengths to the table. Tata AutoComp vice chairman Arvind Goel, highlighted that India’s mobility ecosystem is being reshaped by electrification, localisation and the need for scalable solutions, making such collaborations increasingly vital.
Bosch’s global commitment to e-mobility is already significant, with investments exceeding six billion euros. Robert Bosch GmbH executive vice president, manufacturing and quality, electrified motion Karsten Müller, said the venture will help bring these technologies to India while strengthening the company’s regional presence.
With India now the world’s third-largest automotive market, the timing of the partnership is notable. As the country accelerates towards cleaner mobility, this joint venture positions both companies to ride the electric wave, combining engineering muscle with market ambition.
