BENGALURU: Inox Leisure Limited reported 33.6 per cent increase in Total Income from Operations (TIO) in the quarter ended 30 September, 2015 (Q2-2016, current quarter) at Rs 355.38 crore as compared to the Rs 265.94 crore in Q2-2015. The company’s TIO in Q2-2016 also improved 192 basis points as compared to the Rs 348.68 crore in the immediate trailing quarter.

The increase was driven by a 35.5 per cent increase in box office collection in the current quarter at Rs 243.87 crore as compared to the Rs 179.96 crore in Q2-2015 and fractionally higher than the Rs 239.38 crore in the immediate trailing quarter.

Note: (1) 100,00,000 = 100 lakh = 10 million = 1 crore

(2) Figures include Satyam Cineplexes Limited which became wholly owned subsidiary of the company on 8th Aug 2014.

Improved Box Office performance of a number of movies saw the company’s PAT in the current quarter almost quadruple (up 3.92 times) to Rs 20.51 crore (5.8 per cent margin) as compared to the Rs 5.23 crore (two per cent margin) in Q2-2015, but declined 18.8 per cent as compared to the Rs 25.26 crore (7.2 per cent margin) in the immediate trailing quarter.

Performance of movies like Bajrangi Bhaijaan (Rs 53.26 crore GBOC or Gross Box Office Collection, 28 lakh footfalls); Baahubali –The Beginning (Rs 39.67 crore, 25 lakh footfalls); Welcome Back (Rs 16.1 crore GBOC, 10 lakh footfalls); Drishyam (Rs 13.72 crore GBOC, 8 lakh footfalls) and Brothers (11.03 crore GBOC, 6 lakh footfalls) drove the resurgence in revenue as well profit after tax (PAT).

Footfalls, occupancy rates and average ticket price

Inox reported a 30 per cent increase in footfalls in the current quarter at 145 lakh as compared to the 112 lakh in the corresponding year ago quarter and flat as compared to the 145 lakh in Q1-2016.

Occupancy rate in Q2-2016 improved to 32 per cent as compared to the 26 per cent in Q2-2015 and slightly lower than the 33 per cent in the immediate trailing quarter.

Average Ticket Price (APT) increased 3.6 per cent to Rs 167 in the current quarter as compared to the Rs 161 in Q2-2015 and Rs 165 in the immediate trailing quarter.

Advertising, food and beverages and other operating revenues

The company reported 20.2 per cent higher advertising revenue in Q2-2016 at Rs 21.40 crore as compared to the Rs 17.81 crore in Q2-2015 and was 3.2 per cent more than the Rs 20.72 in Q1-2016.

Food and Beverages revenue (F&B) in Q1-2016 increased 36.5 per cent to Rs 69.24 crore as compared to the Rs 50.77 crore in Q2-2015, but declined 6.3 per cent as compared to the Rs 73.89 crore in Q1-2016.

Other operating revenue increased 19.9 per cent to Rs 20.87 crore as compared to the Rs 17.40 crore in Q2-2015 and was 42 per cent more than the Rs 14.70 crore in Q1-2016.

Entertainment Tax, Distributors share and F&B costs, rents, etc.

Inox paid 48.7 per cent higher entertainment tax in Q2-2016 at Rs 47.57 crore as compared to the Rs 32 crore in Q2-2015 and 2.9 per cent more than the Rs 42.63 crore in Q1-2016.

Distributors share (exhibition cost) in Q2-2016 at Rs 86.61 crore increased 26.1 per cent as compared to the Rs 68.71 crore in Q2-2015 and was 1.6 per cent more than the Rs 85.21 crore in Q1-2016.

F&B costs in Q2-2016 increased 31.6 per cent to Rs 17.6 crore as compared to the Rs 13.37 crore in Q2-2015, but declined 4.2 per cent as compared to the Rs18.38 crore in Q1-2016.