Movies
Inox Leisure sees best quarterly performance in Q1 FY23; revenue up by 19 per cent
Mumbai: Inox Leisure on Wednesday announced its first quarter results for financial year 2023. The company reported its best quarterly performance with revenue at Rs 589 crore up by 19 per cent year-on-year (YoY). It reported earnings before interest, tax, depreciation and amortisation (EBIDTA) at Rs 130 crore up by 41 per cent YoY and profit after tax (PAT) of Rs 74 crore soar by 80 per cent YoY.
The company’s average ticket price (ATP) peaked at Rs 229 up by 16 per cent YoY and spends per head (SPH) stood at Rs 96 up by 19 per cent YoY.
Inox reported its highest food and beverage (F&B) revenue at Rs 164 crore. It added three new properties and 17 screens during the quarter. The company also rolled out a merchandise business so fans can buy products from their favourite super hero or movie franchises.
“After facing a severe impact on business due to the pandemic in the last two years, the company reported its best quarterly performance across majority metrics on the back of tent poles that resonated with Indian audience, duly complemented by their huge pent-up appetite,” said the statement.
The April-May-June quarter saw the release of blockbusters like “RRR”, “KGF: Chapter 2”, “Vikram”, “Bhool Bhulaiya 2” and “Doctor Strange In The Multiverse of Madness” resulting in footfall of upto 18.4 million guests in Inox properties.
Inox expects great turnaround in the business going forward with the content line-up in the upcoming quarter with releases like “Laal Singh Chaddha”, “Raksha Bandhan”, “Liger”, “Brahmastra” and “Vikram Vedha”.
Inox Group director Siddharth Jain said, “During the entire stretch of the pandemic, something which kept us hold the fort, was the belief in ourselves, our passionate moviegoers, our stakeholders and our teams. From enabling us to see through the pandemic, to charting our path out of it, this belief has driven us towards this historical & miraculous performance in Q1.”
He further added, “While our best-ever quarter marks a moment of rejoice, we will also ensure that it keeps inspiring us to raise the bar, while maintaining a strong focus on customer-centricity, innovativeness and profitability. We are committed to stay ahead of the curve, and keep delighting our stakeholders with such magical performances. We could not have asked for a bigger celebration on completion of 20 glorious years of our company’s operations.”
Movies
Green Gold Animation creates CG character for Telugu film Rākāsā
Chhota Bheem studio expands into mainstream VFX with dialogue-free digital lead.
MUMBAI: Green Gold Animation, the house that gave India Chhota Bheem, is now stepping out of the kids’ zone and into the big screen with a rather silent but powerful performer. The Hyderabad-based studio’s VFX division has delivered a fully computer-generated character for the upcoming Telugu-language comedy-fantasy thriller Rākāsā, set for theatrical release on 3 April 2026. Directed by Manasa Sharma and produced by Niharika Konidela under Pink Elephant Pictures in collaboration with Zee Studios, the film marks a notable move for Green Gold into complex, character-driven work for mainstream cinema.
What makes the project stand out is its ambitious central character, a completely digital creation that does not speak a single line. Instead, the character relies entirely on animation, movement, facial expressions and body language to convey emotion and connect with audiences. This is a relatively unexplored approach in Telugu cinema at this scale.
Green Gold’s VFX team was involved from early pre-production through to final delivery, completing over 750 CG shots with a team of more than 100 artists. The work included detailed character animation, performance design and fluid simulations, all executed within tight timelines and practical budgets through strong planning and close collaboration.
Green Gold Animation founder & CEO Rajiv Chilaka said the project pushed the team to approach character creation differently. “Building a fully digital character where every emotion had to come through performance and detailing was very meaningful,” he noted.
Green Gold VFX supervisor and VFX creative director Murali Manohar Reddy added that the emotional depth had to be communicated entirely through visual performance. “This wasn’t about reinventing technology, but about using our tools and processes with precision to serve the story,” he said.
Producer Niharika Konidela praised the collaboration, saying the Green Gold VFX team understood the vision and brought strong detail and emotion to the character while working within practical constraints.
The film blends humour, action and mythological elements, following an NRI protagonist on a chaotic and magical adventure. It stars Sangeet Shobhan, Nayan Sarika, Vennela Kishore, Brahmaji and Ashish Vidyarthi, with music by Anudeep Dev.
For a studio best known for colourful kids’ animation, delivering a silent, emotionally expressive CG lead for a mainstream theatrical release is quite the plot twist. With Rākāsā, Green Gold Animation is quietly proving it can speak volumes even without dialogue.
