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PVR Inox posts Rs 12 crore reduction vs Rs 166 crore income YoY in Q2, revenue loses 19%, ET Retail

.Rep imageMultiplex establishment PVR Inox on Tuesday stated a consolidated net loss of Rs 12 crore for the fourth ended September 30, 2024, contrasted to a net earnings of Rs 166 crore in the very same time last year.The company's income from functions for the declared one-fourth stood at Rs 1,622 crore, which is actually 19% lower than the Rs 2,000 crore mentioned in the matching quarter of the previous financial year.However, the loss narrowed on a quarter-on-quarter manner contrasted to the Rs 179 crore reported in Q1 FY25. Income enhanced through 36% sequentially, up from Rs 1,191 crore disclosed in the three-month time ended June 30, 2024. The revenues were announced during the course of market hrs, and also while the equity was trading fixed, the general conviction remained positive around 1:30 PM.The provider took care of to minimize its own expenses through 7% year-on-year (YoY) to Rs 1,679 crore, below Rs 1,802 crore in Q2 FY24. However, on a consecutive manner, expenditures increased by 15% contrasted to Rs 1,457 crore in Q1 FY25.Segment-wise, PVR's revenue from film event went down to Rs 1,579 crore in Q2 FY25, down from Rs 1,970 crore in the same time period in 2014, demonstrating a twenty% decline.In contrast, profits coming from flick production as well as circulation enhanced to Rs 108 crore in Q2 FY25, compared to Rs 61 crore in the equivalent fourth of the previous financial year.
Released On Oct 15, 2024 at 01:48 PM IST.




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