INOX LEISURE Announces Quarterly Results (2QFY20); Net Profit Up 193.5%

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INOX LEISURE Announces Quarterly Results (2QFY20); Net Profit Up 193.5%
Fri, 1 Nov

INOX LEISURE has announced its results for the quarter ended September 2019. Here is a detailed performance review of the same:

INOX LEISURE Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m3,6534,9305,1995.5%42.3%
Other incomeRs m38314441.9%17.0%
TurnoverRs m3,6914,9615,2435.7%42.1%
ExpensesRs m3,2053,4293,5222.7%9.9%
Gross profitRs m4481,5011,67811.8%274.5%
DepreciationRs m2346086456.1%175.7%
InterestRs m685095426.6%700.9%
Profit before taxRs m18441553428.7%190.7%
TaxRs m6414518325.9%185.5%
Profit after taxRs m12027035130.2%193.5%
Gross profit margin%12.330.432.3
Effective tax rate%34.935.034.3
Net profit margin%3.25.46.7
* 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 grew 42.3% on a year-on-year (YoY) basis. The expenses were up by 9.9% YoY during the same period.
  • The company's operating profit increased by 274.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 32.3% in 2QFY20 as against 12.3% in 2QFY19.
  • Depreciation charges increased by 175.7% and finance costs increased by 700.9% YoY, respectively.
  • Other income increased by 17.0% YoY during the quarter.
  • Net profit for the quarter increased by 193.5% YoY. Net profit margins during the quarter increased from 3.2% in 2QFY19 to 6.7% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 5.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 2.7% QoQ during the same period.
  • The company's operating profit increased by 11.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 32.3% in 2QFY20 as against 30.4% in 1QFY19.
  • Net profit for the quarter increased by 30.2% QoQ, while net profit margins increased from 5.4% in 1QFY19 to 6.7% in 2QFY20.

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

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INOX LEISURE Share Price Performance

Over the last one year,INOX LEISURE share price has moved up from Rs 219.5 to Rs 372.0, registering a Gain of Rs 152.6 or around 69.5%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 7,445.5 (down 0.2%). Over the last one year it has moved up from 7,118.9 to 7,445.5, a gain of 327 points (up 4.6%).

Overall, the S&P BSE SENSEX is up 16.6% over the year.

Current Valuations

At the current price of Rs 372.0, the price to earnings (P/E) ratio of INOX LEISURE stands at 24.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.6 times.

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

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For the quarter ended June 2020, INOX LEISURE has posted a net profit of Rs 736 m (down 372.8% YoY). Sales on the other hand came in at Rs 2 m (down 99.9% YoY). Read on for a complete analysis of INOX LEISURE's quarterly results.

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.

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