PVR Inox posts net loss of ₹11.80 Crore

15 Oct 2024 , 02:21 PM

PVR Inox recorded a consolidated net loss of ₹11.8 Crore for the quarter ended September 30, 2024, compared to a profit of ₹166.3 Crore the year before. In the July-September quarter, revenue from operations was ₹1622.1 Crore, a 19% decrease from ₹1,999.9 Crore in the same quarter last year.

The consolidated total income for the September quarter was ₹1,663.9 Crore, down almost 18% from ₹2,023.7 Crore recorded in the corresponding period of the previous financial year (Q2FY24).

The company’s expenses in the September quarter were ₹1,678.6 Crore, down 6.8% from ₹1,802 Crore in Q2FY24.

PVR Inox’s operating profit or EBITDA decreased % on-year to ₹41 Crore as against ₹71 Crore in the corresponding quarter of prior year. In the most recent quarter, the margin was 29.5%.

PVR Limited is India’s largest and most prestigious film exhibition company. The company established India’s first multiplex cinema in New Delhi in 1997 and continues to dominate the market with a focus on innovation and operational excellence to democratise big-screen movie experiences.

At around 2.05 PM, PVR Inox was trading 1.70% higher at ₹1,617 per piece, against the previous close of ₹1,590 on NSE. The counter touched an intraday high and low of ₹1,644.80, and ₹1,580, respectively.

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