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Entry Price

330.00

Target

350.00

Recommend Date

05-02-2021

Return

6.06 %
BUY

Date : 05-02-2021

Inox Leisure reported a washout Q3FY21 as expected due to low footfalls. Occupancy remained weak at 3% owing to lack of new content and prevailing Covid-19 situation, leading to revenue of | 14.9 crore, down 97.1% YoY. EBITDA loss (ex-Ind AS116) came in at ~| 86 crore. Inox recognised | 54.1 crore as rent concessions. Subsequently, the company reported net loss (ex-Ind AS116) at | 83 crore. On a reported basis, net loss was at | 102.5 crore