Movies

Inox Leisure reports Rs 706 crore revenues in FY22

The company’s advertising revenues stood at Rs 32 crore.

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Mumbai: Inox Leisure Ltd has announced the results for the financial year (FY) 2021-2022 as well as the fourth quarter (Q4) ended on 31 March. The company’s total revenues for the year stood at Rs 706 crore and earnings before interest, taxes, depreciation and amortisation (EBIDTA) at Rs 87 crore. The company reported profit after tax (PAT) of Rs 164 crore.

Inox reported advertising revenues of Rs 34 crore “indicating a revival in the preference for cinema advertising,” said the statement.

The company added another 32 new screens during the financial year and plans to add another 16 properties with 77 screens in FY2. Inox operates 161 multiplexes with 681 screens across 72 cities.

Inox Leisure reported that 23 million guests visited its cinema properties in FY22 and it recorded its highest ever average ticket price (ATP) of Rs 217 against Rs 170 in the previous financial year. The company also reported highest ever spends per head of Rs 91 up from Rs 77 in the previous FY.

Inox reported revenues of Rs 325 crore in Q4 FY22 with EBIDTA at Rs 21 crore and PAT at Rs 12 crore. During the quarter exhibited blockbuster films such as “Valimai,” “Bheemla Nayak,” “Gangubai Kathiawadi,” “The Kashmir Files,” “Radhe Shyam,” and “RRR.” Its ATP for the quarter stood at Rs 218 and spends per head stood at Rs 86 whereas occupancy stood at 24 per cent. The company stated that 11 million guests visited Inox cinemas during the quarter. In March 2022, the company reported its highest ever box office and food and beverage (F&B) collection in a single month.

During the quarter, the company launched a digital wallet called Inox InstaPay that enabled users to make ticket and F&B purchases in return for rewards. It also announced a merger with India’s leading cinema exhibition chain PVR.

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