Inox Leisure Ltd.
BSE:532706 | NSE:INOXLEISUREQ | 58888:inll | IND:Film/TV Production & Distribution | ISIN code:INE312H01016 | SECT:Media & Entertainment
You can view the entire text of Chairman's speech of Inox Leisure Ltd.
We look back with satisfaction on an eventful and successful FY 2006-07
- a landmark year for INOX, both strategically and operationally. Our
stakeholders and employees have good reason to be proud of last years
- Our turnover for the year ended March 31,2007 went up by 49% Y-o-Yto
Rs. 16248 lacs
- Our properties under operation went up to 14 in FY 06-07 from 9 at
the beginning of the year.
- Footfalls were up 48% to 9283496 in FY 06-07 from 6268669 in FY 05-06
- We declared a maiden dividend of 10%
As INOX Leisure Ltd. continues to expand with tremendous momentum, what
sets us apart is a deep commitment to innovation and the ability to tap
into the needs and aspirations of our patrons.
In 2006, INOX Leisure Ltd. successfully navigated different market
environments without losing momentum in meeting our goals. It was also
a year that validated the strategies we began implementing more than
five years ago - widening our reach geographically, while maintaining
strict operating discipline and keeping a keen eye on the bottom line.
Our acquisition of Calcutta Cinema Private Limited (CCPL) marked the
beginning of the consolidation phase in the multiplex industry. This
merger has now been approved by the High Courts of both Gujarat and
Kolkatta, and is now awaiting the completion of procedural formalities.
Our partnership with the Pantaloon Group is the first of its kind in
India and INOX at Milan Mall, Santacruz will be the 1 st single screen
from INOX and the first property launched as a result of this tie up.
We are accustomed to setting the pace for this industry when it comes
to big ideas and innovations. That will not change, and neither will
our commitment to building long-term, sustainable value for our
We have big opportunities ahead of us and an enormous responsibility
towards stockholders, customers and employees. We are committed to
making the most of your investment and to delivering industry- leading
innovation and performance.
In closing, I would like to thank you on behalf of the Board of
Directors for your trust and support. We will do everything in our
power to live up to the expectations placed in us for 2007.
P. K. Jain
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