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Inox Q2 net zooms 62% on uptick in exhibition income

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MUMBAI: Multiplex chain major Inox Leisure’s second-quarter net profit jumped 62.1 per cent to Rs 53 million over the earlier-year period, despite a steep rise in interest and depreciation costs.


The topline got a boost on the back of three big-budget movie releases – New York, Love Aaj Kal and Kaminey. Inox posted an income of Rs 706.8 million, 17.86 per cent up from Rs 599.7 million a year ago, as footfalls increased 14.8 per cent to 3.9 million.


Says Inox Leisure director Deepak Asher, “Our strong performance is reflective of the stringent cost control measures adopted by us and the good film releases we have seen in this quarter.”


Operating margins expanded to 19.3 per cent, driven down by a tight control on expenses. This despite a 21.5 per cent rise in its interest cost to Rs 1 billion and a 20.2 per cent jump in depreciation expense to Rs 37 million. 


From the multiplex segment alone, the company has reported an operating profit of Rs 75.5 million (earlier Rs 65 million) on a revenue of Rs 666.7 million (from Rs 598.6 million).
On the film production front, Inox got an operating profit of Rs 2.9 million on a revenue of Rs 40 million.


Inox opened one multiplex during the quarter, consisting of four screens in Indore. Inox has a total of 29 properties with 105 screens, spread across 20 cities in India.


Inox has a positive outlook on the remaining two quarters due to bigger movie releases and the revenue from its recent foray into film production.

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Hindi

Dhurandhar the revenge storms past Rs 1,000 crore in a week, rewrites box office records

Aditya Dhar’s spy thriller sets fastest run to Rs 1,000 crore with record-breaking weekday hold

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MUMBAI: The box office has a new juggernaut—and it is moving at breakneck speed. Dhurandhar the revenge has smashed past the Rs 1,000 crore mark worldwide in just a week, clocking a staggering Rs 1,088 crore and resetting the rules of the blockbuster game.

Backed by Jio Studios and B62 Studios, and directed by Aditya Dhar, the spy action sequel opened to the biggest weekend ever for an Indian film globally—and then refused to slow down. Unlike typical tentpole releases that taper off after Sunday, this one powered through the weekdays with rare muscle, posting Rs 64 crore on Monday, Rs 58 crore on Tuesday, Rs 49 crore on Wednesday and Rs 53 crore on Thursday.

The numbers stack up to a formidable first-week haul. India collections stand at Rs 690 crore nett and Rs 814 crore gross, while overseas markets have chipped in Rs 274 crore, taking the worldwide total to Rs 1,088 crore in just eight days.

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The film’s opening weekend alone delivered Rs 466 crore, laying the foundation for what is now being billed as the fastest climb to the Rs 1,000 crore club in Indian cinema. Every single day of its first week has set fresh benchmarks, from the highest opening weekend to the strongest weekday hold—metrics that typically separate hits from phenomena.

A sequel to the earlier hit Dhurandhar, the film has not just built on its predecessor’s momentum but obliterated previous records, emerging as the biggest global blockbuster run by an Indian film to date.

At this pace, the film is not merely riding a wave—it is creating one.

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