Mumbai, February 4, 2025 – Cineline India Limited (NSE: CINELINE, BSE: 532807), a leading player in the cinema exhibition industry, has released its financial results for the quarter and nine-month period ending December 31, 2024. The company showcased a steady revenue growth despite facing challenges in discontinued operations.Key Financial Highlights (Standalone)
(₹ in lakhs, unless stated otherwise)| Particulars | Q3 FY2025 (Dec 2024) | Q2 FY2025 (Sep 2024) | Q3 FY2024 (Dec 2023) | 9M FY2025 (Apr-Dec 2024) | 9M FY2024 (Apr-Dec 2023) |
|---|---|---|---|---|---|
| Revenue from Operations | 6,330.58 | 5,583.66 | 5,219.61 | 15,561.51 | 15,258.10 |
| Total Income | 6,369.66 | 5,613.84 | 5,432.18 | 15,675.56 | 15,738.43 |
| Total Expenses | 6,216.36 | 5,524.33 | 5,265.75 | 16,329.37 | 15,180.66 |
| Profit Before Tax (PBT) | 152.80 | 89.51 | 166.43 | (653.81) | 557.77 |
| Net Profit from Continuing Operations | 111.74 | 66.19 | 119.60 | (495.56) | 491.21 |
| Profit/(Loss) from Discontinued Operations | (2.88) | 17.87 | 21.02 | 31.81 | 57.43 |
| Total Net Profit/(Loss) | 108.85 | 84.06 | 140.62 | (463.75) | 548.64 |
- Revenue Growth: Cineline reported a 21.3% YoY increase in quarterly revenue, reaching ₹6,330.58 lakh compared to ₹5,219.61 lakh in Q3 FY2024.
- Net Profit Trends: The company posted a net profit of ₹108.85 lakh, a decline from ₹140.62 lakh in the previous year, primarily due to losses from discontinued operations.
- EBITDA Margins: Despite cost pressures, profitability from continuing operations remained positive.
Segment-Wise Performance
- Cinema Exhibition: Revenue grew to ₹6,330.58 lakh for Q3 FY2025, marking a steady increase from ₹5,583.66 lakh in Q2.
- Discontinued Operations: The company reported losses of ₹(2.88) lakh in Q3, impacted by restructuring efforts.
Corporate Announcements
- Sale of R&H Spaces Pvt Ltd:
- Cineline is divesting its wholly owned subsidiary, R&H Spaces Pvt Ltd, following shareholder approval in June 2024. The assets are classified as "Non-Current Assets Held for Sale", in accordance with Ind AS 105.
- Convertible Warrants Issuance:
- The company issued 38,46,153 warrants, each convertible into one equity share, at ₹117 per share, aggregating ₹44.99 crore. The allotment was finalized on February 3, 2025.
- Debt & Finance Costs:
- Finance costs stood at ₹682.94 lakh for the quarter, reflecting ongoing debt servicing.
Management Commentary
"We have achieved strong revenue growth and are focusing on strategic restructuring to streamline operations," said Rasesh B. Kanakia, Chairman, Cineline India Ltd. "The planned divestment of R&H Spaces and new fundraising initiatives will enable us to strengthen our core cinema exhibition business."Strategic Outlook
- Expansion Plans: Cineline aims to enhance its presence in the cinema exhibition industry, leveraging the growth in movie-going audiences post-pandemic.
- Operational Efficiency: Cost control measures and asset rationalization will be key focus areas in the upcoming quarters.
- Investor Confidence: The recent capital infusion through convertible warrants underscores the company's commitment to growth.
For further details, visit: www.moviemax.co.in.
