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Tag: CCPL

  • Colab Cloud Platforms to invest Rs 10 Crore in sports and fitness e-com marketplace

    Colab Cloud Platforms to invest Rs 10 Crore in sports and fitness e-com marketplace

    MUMBAI:  Colab Cloud Platforms Ltd (CCPL) has announced a strategic investment of up to Rs 10 crore to launch a dedicated e-commerce platform for sports and fitness products. The initiative aims to capitalise on India’s growing fitness culture and rising demand for high-quality sports goods.

    The new marketplace will offer a wide range of products, including sports equipment, apparel, accessories, and related items, catering to professional athletes, fitness enthusiasts, and beginners alike. Advanced technologies, such as AI-driven product recommendations and data analytics, will enhance user experiences and ensure a seamless shopping journey.

    CCPL  MD Puneet Singh: “India’s sports and fitness market is expected to double in value to $58 billion by 2030, driven by a fitness-focused culture and higher discretionary spending. Online shopping is becoming the preferred channel due to its convenience, wider product selection, and competitive pricing.”

    The platform will also provide opportunities for Indian manufacturers, startups, and brands to showcase their products, fostering innovation and entrepreneurship in the sports and fitness sector.

    CCPL  is known for delivering technology-driven solutions across various industries, leveraging India’s technological talent to drive growth and enhance user experiences

  • Inox reports 40% YoY increase in Q3 net profit

    Inox reports 40% YoY increase in Q3 net profit

    MUMBAI: Multiplex chain Inox Leisure has announced a 40 per cent increase in net profit for the third quarter of the financial year 2006-2007 at Rs 48.3 million on revenues of Rs 428.3 million.

    Net income in the corresponding quarter of the previous year stood at Rs 34.4 million.
    Total income rose 45 per cent for the quarter; up from Rs. 294.8 million. Inox registered an Ebitda of Rs 101.3 million compared to Rs 82.5 million in the same quarter of the previous year, a growth of 23 per cent.

    Over the nine-month period ending December, Inox registered strong growth with sales up 54 per cent from Rs. 802.9 million to Rs. 1233.1 million. Net Profit has also grown 53 per cent from Rs 131.6 million to Rs. 201.5 million, in the same time period.

    The company also announced that the scheme of amalgamation of Calcutta Cine Private Limited (CCPL) into Inox Leisure Limited has been approved at a shareholders’ meeting held on 4 January.

    Inox has recently launched its property at Chennai in January 2007 taking its tally of multiplexes across India to 13, with 48 screens and 14,286 seats.

    Commenting on the results, Deepak Asher, director – Inox Leisure said, “It has been a satisfying performance this quarter for Inox and things look very promising for the future with several new properties slated to open in the near term, as well as the acquisition of CCPL getting formalized.”

  • Inox Q2 records 58% net profit at Rs 69.6 million

    Inox Q2 records 58% net profit at Rs 69.6 million

    MUMBAI: Inox Leisure Ltd has reported 42 per cent year on year (YoY) growth in revenues at Rs 399.6 million for the second quarter ended 30 September 2006 versus Rs 282.4 million in the same quarter of the previous year.

    According to an official release, for the half year, the growth registered at 58 per cent from Rs 508 million crores to Rs 804.9 million.

    The profit after tax for the quarter amounted to Rs 69.6 million, as compared to Rs 56.4 million in the corresponding quarter of the previous year – an increase of 23 per cent.

    For the half year, profit after tax grew from Rs 97.2 million to Rs 153.3 million – an impressive 58 per cent.

    This quarter has seen Inox launch its Nagpur property taking its tally up to 44 screens in 12 multiplexes across 11 cities. Inox has another 21 properties in different stages of implementation, which it expects to operationalise by March 2009. This will help Inox take its total count to 33 properties across 21 cities, 130 screens and 37000 seats by March 2009, informs the release.
    In addition to the above, in September, INOX also entered into a definitive agreement for an all share swap deal with Calcutta Cinema Private Limited (CCPL) for acquiring CCPL & its brand of multiplexes – ‘89 Cinemas’ and merging the latter’s operations with Inox Leisure Limited. CCPL operates 2 properties as at present and has another 7 properties under different stages of implementation.

    Inox Leisure Ltd Deepal Asher said, “We have been able to maintain our industry leadership position in revenues and profitability, due to better footfalls and pricing at our existing multiplexes as well as the addition of new properties to our portfolio. We expect to maintain the momentum of growth going forward, with another seven properties expected to open by March 2007, in cities like Chennai, Mumbai, Bharuch, Vijaywada, Lucknow, Faridabad and Jaipur. We have also been helped with a good spate of releases, and expect this trend of a continuous flow of big budget and good quality content to continue.”