Inox Q4 profit at Rs 48 cr, plans Rs 300 cr capex

Multiplex operator Inox Leisure Monday reported a consolidated net profit at Rs 48.08 crore for the quarter ended March 31, 2019, and announced a capital expenditure of Rs 300 crore for 2019-20.

The company had posted a profit of Rs 57.69 crore in the same period a year ago.

Inox Leisure said the profit numbers are not comparable as it includes one-time write-back of taxes. The adjusted profit is Rs 44 crore for the last quarter of FY2018-19 compared to Rs 4 crore in the same quarter in the previous fiscal.

"There was a one time non-recurring tax write back in the last financial year," Inox Leisure chief executive officer Alok Tandon told PTI.

Total income stood at Rs 484.09 crore, up 46.76 per cent from Rs 329.85 crore in the year-ago quarter.

Total expenses during the quarter under review were at Rs 410.93 crore, up 32.29 per cent, as against Rs 310.61 crore reported in the last quarter of 2017-18.

During the quarter it registered 1.8 crore footfall, which is 42 per cent up from ...