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

.Agent imageMultiplex chain PVR Inox on Tuesday disclosed a consolidated bottom line of Rs 12 crore for the one-fourth finished September 30, 2024, reviewed to a net revenue of Rs 166 crore in the same time final year.The company’s revenue coming from functions for the reported fourth stood at Rs 1,622 crore, which is 19% lower than the Rs 2,000 crore stated in the equivalent quarter of the previous monetary year.However, the loss tightened on a quarter-on-quarter manner compared to the Rs 179 crore reported in Q1 FY25. Revenue increased through 36% sequentially, up from Rs 1,191 crore stated in the three-month period finished June 30, 2024. The incomes were declared during the course of market hours, and also while the assets was trading flat, the total view stayed favorable around 1:30 PM.The provider took care of to decrease its expenditures through 7% year-on-year (YoY) to Rs 1,679 crore, below Rs 1,802 crore in Q2 FY24.

Nonetheless, on a consecutive basis, expenses boosted through 15% compared to Rs 1,457 crore in Q1 FY25.Segment-wise, PVR’s profits coming from movie exhibit lost to Rs 1,579 crore in Q2 FY25, below Rs 1,970 crore in the same duration in 2013, demonstrating a 20% decline.In comparison, revenue coming from motion picture development as well as circulation enhanced to Rs 108 crore in Q2 FY25, contrasted to Rs 61 crore in the equivalent quarter of the previous financial year. Published On Oct 15, 2024 at 01:48 PM IST. Join the community of 2M+ field experts.Sign up for our email list to acquire latest insights &amp review.

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