INOX LEISURE Announces Quarterly Results (2QFY19); Net Profit Up 2.4%
Fri, 9 Nov

INOX LEISURE has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

INOX LEISURE Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m3,1134,1493,653-12.0%17.4%
Other incomeRs m29283833.3%30.1%
TurnoverRs m3,1424,1783,691-11.7%17.5%
ExpensesRs m2,6753,3143,205-3.3%19.8%
Gross profitRs m438835448-46.4%2.4%
DepreciationRs m2152272343.0%8.9%
InterestRs m736968-2.2%-7.5%
Profit before taxRs m178567184-67.6%3.0%
TaxRs m6219764-67.5%4.2%
Profit after taxRs m117370120-67.6%2.4%
Gross profit margin%14.120.112.3
Effective tax rate%34.534.834.9
Net profit margin%3.78.93.2
* 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 17.4% on a year-on-year (YoY) basis. The expenses were up by 19.8% YoY during the same period.
  • The company's operating profit increased by 2.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 12.3% in 2QFY19 as against 14.1% in 2QFY18.
  • Depreciation charges increased by 8.9% and finance costs declined by 7.5% YoY, respectively.
  • Other income increased by 30.1% YoY during the quarter.
  • Net profit for the quarter increased by 2.4% YoY. Net profit margins during the quarter declined from 3.7% in 2QFY18 to 3.2% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 12.0% on a quarter-on-quarter (QoQ) basis. The expenses were down by 3.3% QoQ during the same period.
  • The company's operating profit declined by 46.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 12.3% in 2QFY19 as against 20.1% in 1QFY18.
  • Net profit for the quarter declined by 67.6% QoQ, while net profit margins declined from 8.9% in 1QFY18 to 3.2% in 2QFY19.

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

INOX LEISURE Share Price Performance

Over the last one year, INOX LEISURE share price has moved up from Rs 259.2 to Rs 222.0, registering a Loss of Rs 37.2 or around 14.3%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 7,090.4 (down 1.3%). Over the last one year it has moved up from 6,131.5 to 7,090.4, a gain of 959 points (up 15.6%).

Overall, the S&P BSE SENSEX is up 5.3% over the year.

Current Valuations

At the current price of Rs 222.0, the price to earnings (P/E) ratio of INOX LEISURE stands at 17.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.0 times.