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₹82 crore on covid-19 hit

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NEW DELHI : Multiplex chain operator Inox Leisure Ltd on Monday reported a consolidated net loss of 82.15 crore for the fourth quarter ended March 2020, as the film exhibition business was impacted because of COVID-19 pandemic and subsequent lockdown.The company had posted a net profit of ₹48.08 crore in January-March quarter a year ago, Inox Leisure said in a BSE filing.Revenue from operations declined 22.39 per cent to ₹371.58 crore during the quarter under review as against ₹478.84 crore in the corresponding quarter a year ago."The COVID-19 pandemic and the resultant lockdown declared by the government in March 2020 has impacted the entire entertainment industry and consequently the business activities of the Group are also adversely.

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