This Article is From Oct 28, 2016

Inox Leisure Shares Tank 9% As Profit Declines In Q2

Inox Leisure Shares Tank 9% As Profit Declines In Q2
New Delhi: Shares of multiplex operator Inox Leisure on Friday slumped nearly 9 per cent after the company reported a decline of 92.56 per cent in its consolidated net profit for the second quarter ended September.

The stock tanked 8.74 per cent to Rs 240 on BSE.

On NSE, it tumbled 8.79 per cent to Rs 240.10. 

Inox Leisure on Thursday reported a drop of 92.56 per cent in its consolidated net profit at Rs 1.58 crore for July-September.

Net profit stood at Rs 21.24 crore in July-September of the previous fiscal.

Net sales during the period under review were down 3.12 per cent at Rs 278.76 crore as against Rs 287.76 crore in the same period of the last fiscal.

Inox Leisure operates 440 screens across 57 cities.

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