Cineline India records highest ever monthly and single day gross box office collection and admits

Cineline India Limited recorded highest ever monthly and single day admits and Gross Box Office Collection in the month of August 2023.

In the month of August 2023, MovieMax welcomed ~8.54 lakh viewers across the cinemas and recorded with highest ever monthly Gross Box Office collection of ~Rs. 21.28 crores and Gross F&B collection of ~Rs. 7.47 crores which even exceeds the earlier record set in July 2023. This is on account of increase in occupancy level and blockbuster content releases. The Average Ticket Price (ATP) and Spends per Head (SPH) for the month of August 2023 stands at ~Rs. 249 and ~Rs. 87 respectively. On 15th August 2023, MovieMax welcomed ~0.68 lakh viewers in a single day and recorded with highest ever single day Gross Box Office collection of ~Rs 2.01 crores.

This was attained due to the strong Box Office performance of the movies released in August, which includes 'Gadar 2' (Hindi), 'Jailer' (Tamil), and 'OMG2' (Hindi), as well as the ongoing success of previously released movie such as 'Rocky aur Rani ki Prem Kahani' (Hindi).

Commenting on the above performance, Mr Ashish Kanakia, CEO & Promoter of Cineline India Limited, said "Beginning with the month of July, release of a number of regional genre content picked up resulted in increasing number of movie watchers entering the theatres. Gadar2 and OMG2 has done phenomenal business in the first 10 days of its opening which shows consumers love for Bollywood movies, especially sequels made of previous hit movies.

This has become evident that the consumer enthusiasm for experiencing films in an immersive, larger than life, cinematic environment is as strong as ever. With the amazing upcoming content lined up, we are very positive that movie watchers momentum to consume content will continue further."

Shares of Cineline India Limited was last trading in BSE at Rs. 111.90 as compared to the previous close of Rs. 106.60. The total number of shares traded during the day was 7660 in over 77 trades.

The stock hit an intraday high of Rs. 111.90 and intraday low of 109.30. The net turnover during the day was Rs. 849084.00.

Source : Equity Bulls

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CinelineIndia INE704H01022 HighestEver Monthly SingleDay GrossBoxOfficeCollection Admits August2023