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PVR Inox blog posts Rs 12 crore loss vs Rs 166 crore earnings YoY in Q2, earnings drops 19%, ET Retail

.Rep imageMultiplex chain PVR Inox on Tuesday reported a consolidated net loss of Rs 12 crore for the one-fourth ended September 30, 2024, contrasted to an internet revenue of Rs 166 crore in the exact same period final year.The company's revenue coming from procedures for the declared one-fourth endured at Rs 1,622 crore, which is actually 19% less than the Rs 2,000 crore mentioned in the equivalent fourth of the previous financial year.However, the loss limited on a quarter-on-quarter manner reviewed to the Rs 179 crore posted in Q1 FY25. Income enhanced through 36% sequentially, up coming from Rs 1,191 crore disclosed in the three-month time ended June 30, 2024. The revenues were actually introduced during market hours, and also while the share was trading fixed, the general conviction continued to be beneficial around 1:30 PM.The company took care of to lower its expenditures through 7% year-on-year (YoY) to Rs 1,679 crore, down from Rs 1,802 crore in Q2 FY24. Nevertheless, on a consecutive basis, expenses increased through 15% compared to Rs 1,457 crore in Q1 FY25.Segment-wise, PVR's earnings coming from motion picture show fell to Rs 1,579 crore in Q2 FY25, down from Rs 1,970 crore in the same time frame in 2014, demonstrating a 20% decline.In comparison, income from movie production as well as circulation improved to Rs 108 crore in Q2 FY25, contrasted 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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