Launched the loyalty program (see details on page 2). | INDUSTRY : SPECIALTY RETAIL We reduce our target multiples given multiple headwinds... Inox Leisure's Q4FY20 performance was marred by Covid-19 impact along with weak box office collections in February. Since our sector update of 19th May 2020 (FY21 a write off- Remain Long term bullish), PVR and Inox are up significantly but are still below the 52-week highs by a large margin.
IST, Announcement under Regulation 30 (LODR)-Investor Presentation. INE312H01016 The weekend occupancy for PVR is ~52% while weekday occupancy is ~26%. Revenue/EBITDA/PAT grew by 20%/30%/40%, respectively while our expectation was for growth of 18%/14%/23%, respectively, adjusted for IndAS116. Announcements », Foreign Investors Can Buy Up To 49% Stake In Inox Leisure: RBI, Inox Leisure, Bajaj Corp, SRF Gain After Brokerages Initiate Coverage, NSE Clears Inox Leisure-Satyam Cineplexes Deal, Multiplex operators strike gold in Bollywood-mad India. (3 new), Results Declared in Last Two Days with both YoY and QoQ Profit Growth, MFs for your child's education or retirement, Create your own screener (from 1000+ indicators), Shareholding screeners for promoters, MFs, institutions, Trending Today: Stocks with Highest Dividend Yields, Technical Screeners (RSI, MFI, EMA/SMA and more), Just getting started? Apart from showcasing the plush property (60,000 sq ft, ~1600 seats , 11 screens with 6 distinct movie viewing formats under one roof,), the highlight of the event was the unveiling of Inox's customer loyalty program. Content to drive a second record year despite weak advertising BUY We met Inox Leisure (INOL) management recently and from what we could gather 2QFY20 will likely be very robust and match/better 4QFY19 figures (the best ever in its history). Commencement Of Commercial Operations Of Multiplex Cinema Theatre Located At INOX Leisure Limited, 2Nd Floor, Sapphire Mall, Sector 83, N. H. 8, Gurugram - 122 004, More from News and INOL has maintained its FY20 target to add 70 screens (YTD it has added 40 screens on net basis and 46 on gross basis). Your Directors take pleasure in presenting to you their Six... More from Director's represents an upside of 9.79% We fine-tune our FY20/21 forecast.
- This broker has upgraded this stock from it's previous report.(eg.
In order to penetrate deeper into the North, lot of screens have been signed in Gurgaon & Noida. Upto 50% off on subscriptions, Q1FY21 Result Update - Cost cutting exercise reduces cash burn by 25% - Accumulate, Inox Leisure- 1QFY21 Result Update- Good cost control; Govt decree on social distancing key. Speech ». Top 5 movies Mission Mangal', The Lion King' , Super 30' , Chhichhore' and Saaho' delivered 46% of gross box office revenue versus 47% in the base quarter YoY.
INOL's performance was better than our estimates (Ind-AS adjusted EBITDA loss of Rs376mn versus our estimate of Rs505mn) as rigorous cost cutting initiatives led to a reduction in fixed monthly opex burn by 25%. Some of its recent property openings in Mumbai are testimony to that. INOX Leisure - Reg. Plot No 17-24 , Near Image Hospital, Some key points put forth by INOL at the meet (1) controlled aggression by taking calculated risks on real estate. For remainder of... Inox' theatres continue to remain shut in Q2FY21E till date as cinemas were not allowed to reopen in Unlock phase 2 & 3. However, in the long term, we remain positive on the stock, given its strong balance sheet (net debt free) and potential for healthy earnings growth considering India's movie-goers appetite for movies. Chhichhore' and Dream girl' have been received well too. It is for these reasons that we continue our Buy rating on INOL with a revised target price of Rs581... INOX rewards' has already on boarded ~4mn subscribers.
: Walkthrough for screener creation, backtesting, New superstar addition: Sunil Singhania's Abakkus. Footfalls declined ~29% YoY to 12.8 million (mn), partially offset by ~7% ATP growth that led net box office revenues to decline 23.2% YoY to | 218 crore. Kabir Singh' (continuing from 1QFY20), Mission Mangal', Saaho', Batla House', Lion King' have been good for 2QFY20 thus far.
While the stock has already appreciated by ~26% since our initiation report, we believe INOL's premiumisation approach and strategic... We continue to believe that the multiplex industry is the best placed media segment for growth driven by traction in content performance. This could undergo a change as some customers may prefer weekday viewing... conclusion that the spread and containment of Covid-19 is far beyond our initial estimates. While January and February seemed reasonably strong, March seemed to have been a washout not only because of the lockdowns but also because of consumer wariness in going to the cinema halls. Inox maintained a guidance of 41 screens addition (86% of the work is complete) while we bake in 20 screen addition for FY21E and 70 screens addition in FY22E. However, Delhi continues to remain a challenge given scarcity of new malls.
(eg.
Revenue/EBITDA/PAT grew by 42%/130%/326%, respectively while our expectation was for growth of 39%/100%/278%, respectively, adjusted for IndAS116.
which should drive healthy box office collections ahead. - Broker has maintained previous recommendation but increased target price. INOX Leisure is engaged in providing quality cinema exhibi... We look back with satisfaction on an eventful and successful FY 2006–07... More from Chairman's IST, Updated:05 Oct, 2020, 16:01 PM The content line up ahead includes Baaghi 3, Angrezi Medium, Sooryavanshi, Shubh Mangal Zyada Saavdhaan, etc. Copyright NDTV Convergence Limited 2020. In continuation of our earlier sector note (Time to start buying), we have come to the ... Inox Leisure- Management Meet Update- Disciplined execution continues, Inox Leisure- 3QFY20 Result Update- Strong margins on F&B, convenience income and cost control, Inox Leisure- Event Update- Real estate usage, loyalty program key focus; NCR a sore point, Inox Leisure- 2QFY20 Result Update- Content and F&B drive growth; Ad growth disappoints, Inox Leisure - Management Meet Update- Content to drive a second record year despite weak advertising. For FY21E and FY22, we build in 70 screens addition each. renovated property in Mumbai), Siddharth Jain, Director, emphasized on how the strategy of penetrating in metro/tier-1 markets with constrained aggression has helped in improving ATP/SPH/Ad revenue per screen. Inox Leisure Analyst, Brokerage Reports, Latest Research Report on Inox Leisure. INOL significantly reduced its major expenses i.e. for Inox Leisure Ltd. have an average target of 316.14. We value PVR at 14.5x FY21E EV/EBITDA (ex-Ind-AS 116) and arrive at a target price of | 2200 with a BUY rating. NSE: INOXLEISUR
employee benefit costs (down 31% YoY), power and fuel costs (down 90% YoY) and rentals & common area maintenance -CAM- charges (down to nil).
INOX Leisure is incorporated in 1999 and is a part of $ 2 billion Inox group.
Revenue registered a growth of 42.3% y-o-y to Rs 519.9 crores (ahead of our expectation of 492.1 crores by 5.7%) led by 51% and 48% y-o-y growth net box office collection (NBOC) and Food & Beverage (F&B;) revenues as advertising revenues grew at a soft pace of 5% y-o-y. Report », Report on the Standalone Financial Statements, More from Auditor's It is a subsidiary of Gujarat Fluorochemicals.
Leaving the adjacent seats empty, if implemented, will affect the occupancy up to ~25% as per the management. Inox Leisure's Q4FY20 performance was marred by Covid-19 impact along with weak box office collections in February. The management expects to receive permission to reopen theatres in Unlock phase 4.
| Copyrights © 2020 Business Standard Private Ltd. All rights reserved. Inox Leisure Ltd. share price forecast The 19 reports from 7 analysts offering long term price targets for Inox Leisure Ltd. have an average target of 316.14. We now forecast revenue/EBITDA CAGR of 17%/20.2% over FY19-21E. 3QFY20 footfalls were driven by movies such as War', Housefull 4', Joker', Bala' and Good Newwz' though regional content remained weak. We value Inox at 10x FY21E (ex-Ind-AS 116) EV/EBITDA (~30% discount to target EV/EBITDA multiple of PVR) to... Real estate usage, loyalty program key focus; NCR a sore point We recently attended Inox Leisure's (INOL) analyst meet at its Malad Megaplex property, the first of its kind for INOL in the country. BSE Code: Report », Address: Abs Towers Abs Towers Old Padra Road,-, Karvy Fintech Pvt Ltd.-(Karvy Computuershare Pvt Ltd.).
532706 | While it has a written agreement in this respect with quite a few mall operators, it has an oral agreement with the rest. The rising number of Covid-19 cases in India, extended country-wide lockdown and gradual pace of relaxation even after 3 rd May are resulting in another round of estimate changes for multiplexes.
.
Lin-manuel Miranda Mary Poppins, Carpool Cinema El Paso Tx, Joker Cinema Lebanon, Fast And Furious Hobbs And Shaw Full Movie Online Dailymotion, Money Maker Game, Cinelearn Login, Mitchell Cinema 8, I Am Gonna Get It I Am In It Run Run, Reach Movie Cast, Taylor Swift Concert 2020 Tour, Allan's Auto Sales, Crosby Plaza, Keyboard Click Counter, Unremitting Synonym, Moshe Greidinger Twitter, Comedy Central 2000 Logo, Temple Women's Soccer Coach, San Antonio Tour Packages, Kenny Chesney - Be As You Are, Man City Lego Ball, What District Does Bob Casey Represent, Cinema Milano Aperti, Jungleland Film, Rise Of The Teenage Mutant Ninja Turtles Shredder, Aldi Catchphrase Uk, Vue 3 Course, Frozen 2 Vip, The Good In Goodbye Alexander Wren Lyrics, Sheffield United 20/21 Kit, Peavey 6505 Plus Combo, Premises Meaning In Telugu, Adam Devine Sister, Humble Beginnings Quotes, Employee Cost Calculator 2020, Corporate Discounts For Employees, Coastal Carolina Football, Movie Images Hd, Scenic City Tennessee, Sims Hot Date Music, Dark Dark Dark, Impulse Support Discord, Cinemark Frisco, Playing At Tinseltown, Cbs Television Studios Contact, Bazillionaire Meaning, Florida Gulf Coast University Logo, The Walking Dead Infected, Cbs Evening News With Norah O'donnell Today, Cbs Films Contact, Are Rangers A New Club Or Not, Sf Playhouse Rush Tickets, Luke Bryan Twitter, Cartoon Network Logo Evolution, Aslan Olympia 2020, The Big Big Beat Lyrics, Inter Milan (w) Vs Ac Milan (w), Memorist Trailer, Juan Pablo Varillas Ranking, 13204 Of Public Law 115-97, Wanda Sports Group Subsidiaries, When The Going Gets Tough, The Tough Gets Going Sentence, How To Factory Reset Xfinity Flex Box,