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

.Agent imageMultiplex establishment PVR Inox on Tuesday reported a consolidated bottom line of Rs 12 crore for the fourth finished September 30, 2024, matched up to a net revenue of Rs 166 crore in the same period final year.The company’s revenue coming from operations for the documented fourth remained at Rs 1,622 crore, which is actually 19% less than the Rs 2,000 crore mentioned in the matching one-fourth of the previous financial year.However, the loss limited on a quarter-on-quarter manner contrasted to the Rs 179 crore posted in Q1 FY25. Revenue increased through 36% sequentially, up coming from Rs 1,191 crore reported in the three-month period ended June 30, 2024. The revenues were actually revealed during the course of market hours, as well as while the stock was actually trading flat, the total feeling continued to be beneficial around 1:30 PM.The business took care of to minimize its own costs through 7% year-on-year (YoY) to Rs 1,679 crore, down from Rs 1,802 crore in Q2 FY24.

However, on a sequential basis, costs increased through 15% reviewed to Rs 1,457 crore in Q1 FY25.Segment-wise, PVR’s earnings coming from movie exhibition lost to Rs 1,579 crore in Q2 FY25, down from Rs 1,970 crore in the exact same period in 2014, mirroring a twenty% decline.In comparison, revenue from flick creation and also circulation enhanced to Rs 108 crore in Q2 FY25, compared to Rs 61 crore in the matching quarter of the previous financial year. Posted On Oct 15, 2024 at 01:48 PM IST. Participate in the community of 2M+ business professionals.Sign up for our e-newsletter to acquire most current understandings &amp evaluation.

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