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PVR Inox posts Rs 12 crore loss vs Rs 166 crore profit YoY in Q2, revenue goes down 19%, ET Retail

.Agent imageMultiplex establishment PVR Inox on Tuesday disclosed a consolidated bottom line of Rs 12 crore for the one-fourth ended September 30, 2024, reviewed to a web profit of Rs 166 crore in the same period final year.The company's revenue coming from operations for the documented quarter remained at Rs 1,622 crore, which is actually 19% lower than the Rs 2,000 crore stated in the corresponding quarter of the previous monetary year.However, the reduction narrowed on a quarter-on-quarter manner contrasted to the Rs 179 crore reported in Q1 FY25. Earnings raised through 36% sequentially, up from Rs 1,191 crore stated in the three-month period ended June 30, 2024. The incomes were announced during market hrs, and while the equity was actually trading fixed, the overall sentiment stayed good around 1:30 PM.The firm took care of to decrease its expenditures by 7% year-on-year (YoY) to Rs 1,679 crore, down from Rs 1,802 crore in Q2 FY24. However, on a consecutive manner, costs enhanced through 15% compared to Rs 1,457 crore in Q1 FY25.Segment-wise, PVR's earnings from motion picture exhibit went down to Rs 1,579 crore in Q2 FY25, below Rs 1,970 crore in the very same period in 2014, reflecting a twenty% decline.In comparison, earnings from movie development as well as circulation enhanced to Rs 108 crore in Q2 FY25, reviewed to Rs 61 crore in the equivalent one-fourth of the previous financial year.
Released On Oct 15, 2024 at 01:48 PM IST.




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