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Inox Leisure reports Q4 net loss of Rs 74 crore


Inox Leisure reports Q4 net loss of Rs 74 crore
ANI |
Updated: Apr 29, 2021 17:01 IST
Mumbai (Maharashtra) [India], Apr 29 (ANI): Multiplex chain Inox Leisure on Thursday reported a loss of Rs 74 crore for the fourth quarter ended March as Covid-19 led lockdowns impacted the film exhibition business.
Revenue from operations stood at Rs 119 crore while earnings before interest, tax, depreciation and amortisation (EBITDA) were in the negative zone by Rs 60 crore.
Siddharth Jain, Director of Inox Group, said the advent of Covid-19 has left a severe impact on the company s FY21 performance.
Just when the industry had started witnessing the fervour in Q4, the resurgence of Covid-19 cases emerged as a cause of concern. Despite the pandemic, we have continued the addition of new cinemas in FY21, he said. ....

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