INOX LEISURE Announces Quarterly Results (1QFY21); Net Profit Down 372.8%

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INOX LEISURE Announces Quarterly Results (1QFY21); Net Profit Down 372.8%
Thu, 20 Aug

INOX LEISURE has announced its results for the quarter ended June 2020. Here is a detailed performance review of the same:

INOX LEISURE Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-19*
3
Mar-20*
3
Jun-20*
QoQ ChangeYoY Change
Net SalesRs m4,9303,7163-99.9%-99.9%
Other incomeRs m314827-43.2%-12.3%
TurnoverRs m4,9613,76430-99.2%-99.4%
ExpensesRs m3,4292,615-331-112.7%-109.7%
Gross profitRs m1,5011,100334-69.7%-77.8%
DepreciationRs m608740708-4.4%16.4%
InterestRs m5096146333.0%24.4%
Profit before taxRs m415-206-979-335.8%
TaxRs m145615-243-139.5%-267.1%
Profit after taxRs m270-822-736-372.8%
Gross profit margin%30.429.613,356.0
Effective tax rate%35.0-298.624.8
Net profit margin%5.4-21.8-2,479.5
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter fell 99.9% on a year-on-year (YoY) basis. The expenses were down by 109.7% YoY during the same period.
  • The company's operating profit declined by 77.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 13356.0% in 1QFY21 as against 30.4% in 1QFY20.
  • Depreciation charges increased by 16.4% and finance costs increased by 24.4% YoY, respectively.
  • Other income declined by 12.3% YoY during the quarter.
  • Net profit for the quarter declined by 372.8% YoY. Net profit margins during the quarter declined from 5.4% in 1QFY20 to -2479.5% in 1QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 99.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 112.7% QoQ during the same period.
  • The company's operating profit declined by 69.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 13356.0% in 1QFY21 as against 29.6% in 4QFY20.
  • Net profit for the quarter increased by 10.4% QoQ, while net profit margins declined from -21.8% in 4QFY20 to -2479.5% in 1QFY21.

To see how INOX LEISURE has performed over the last eight quarters,please visit here.

LIVE on April 23rd: Has Covid impacted India's long-term growth potential?

INOX LEISURE Share Price Performance

Over the last one year,INOX LEISURE share price has moved up from Rs 283.1 to Rs 295.8, registering a Gain of Rs 12.8 or around 4.5%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 8,852.2 (down 0.2%). Over the last one year it has moved up from 7,698.4 to 8,852.2, a gain of 1,154 points (up 15.0%).

Overall, the S&P BSE SENSEX is up 2.5% over the year.

Current Valuations

At the current price of Rs 295.8, the price to book value (P/BV) ratio of INOX LEISURE stands at 2.9 times.

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INOX LEISURE Announces Quarterly Results (4QFY20); Net Profit Down 270.9% (Quarterly Result Update)

Jun 9, 2020 | Updated on Jun 9, 2020

For the quarter ended March 2020, INOX LEISURE has posted a net profit of Rs 822 m (down 270.9% YoY). Sales on the other hand came in at Rs 4 bn (down 22.4% YoY). Read on for a complete analysis of INOX LEISURE's quarterly results.

INOX LEISURE Announces Quarterly Results (3QFY20); Net Profit Down 4.0% (Quarterly Result Update)

Feb 10, 2020 | Updated on Feb 10, 2020

For the quarter ended December 2019, INOX LEISURE has posted a net profit of Rs 350 m (down 4.0% YoY). Sales on the other hand came in at Rs 5 bn (up 18.4% YoY). Read on for a complete analysis of INOX LEISURE's quarterly results.

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