Satisfactory results by Inox.
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Revenus at 589 this quarter vs 496 in Q1FY20.
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OPM is 36% vs 30% Q1FY20. Largely due to lower employee cost. Employee cost is 20% lower than pre covid levels.
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F&B revenue share is back to pre covid level.
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Advertisement revenue did not. Advertisement share in revenue was 5% this quarter vs 9% in Q1FY20.
This should IMO increase as advertisers realise that the footfall is back to pre covid levels. This should further increase the OPM.
Anyone who has done valuations for Inox?
investor presentation: https://www.bseindia.com/xml-data/corpfiling/AttachLive/038a72b1-0dfa-44c3-9cf7-4a385bcf61a7.pdf
disc: invested
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