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PVR Inox posts Rs 12 crore loss vs Rs 166 crore revenue YoY in Q2, profits falls 19%, ET Retail

.Rep imageMultiplex chain PVR Inox on Tuesday disclosed a consolidated net loss of Rs 12 crore for the fourth ended September 30, 2024, reviewed to a net earnings of Rs 166 crore in the very same period last year.The firm's income from operations for the noted fourth stood at Rs 1,622 crore, which is 19% lower than the Rs 2,000 crore stated in the matching fourth of the previous economic year.However, the reduction tightened on a quarter-on-quarter basis contrasted to the Rs 179 crore reported in Q1 FY25. Earnings increased through 36% sequentially, up from Rs 1,191 crore mentioned in the three-month time finished June 30, 2024. The revenues were introduced in the course of market hours, and also while the stock was actually trading fixed, the total belief continued to be beneficial around 1:30 PM.The business handled to decrease its expenses through 7% year-on-year (YoY) to Rs 1,679 crore, down from Rs 1,802 crore in Q2 FY24. Nonetheless, on a sequential basis, costs enhanced through 15% contrasted to Rs 1,457 crore in Q1 FY25.Segment-wise, PVR's profits coming from flick exhibit went down to Rs 1,579 crore in Q2 FY25, below Rs 1,970 crore in the same duration last year, reflecting a twenty% decline.In comparison, income from motion picture development and also circulation improved to Rs 108 crore in Q2 FY25, contrasted to Rs 61 crore in the corresponding quarter of the previous financial year.
Published On Oct 15, 2024 at 01:48 PM IST.




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