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

.Agent imageMultiplex chain PVR Inox on Tuesday stated a combined bottom line of Rs 12 crore for the one-fourth ended September 30, 2024, compared to a net revenue of Rs 166 crore in the exact same period last year.The business's earnings from operations for the reported one-fourth remained at Rs 1,622 crore, which is actually 19% lower than the Rs 2,000 crore stated in the corresponding one-fourth of the previous monetary year.However, the loss limited on a quarter-on-quarter manner reviewed to the Rs 179 crore posted in Q1 FY25. Profits raised through 36% sequentially, up from Rs 1,191 crore mentioned in the three-month period ended June 30, 2024. The incomes were revealed throughout market hrs, as well as while the stock was trading fixed, the overall belief stayed beneficial around 1:30 PM.The provider dealt with to lessen its own expenditures by 7% year-on-year (YoY) to Rs 1,679 crore, below Rs 1,802 crore in Q2 FY24. Nonetheless, on a consecutive basis, expenditures improved by 15% matched up to Rs 1,457 crore in Q1 FY25.Segment-wise, PVR's profits from motion picture event fell to Rs 1,579 crore in Q2 FY25, below Rs 1,970 crore in the exact same duration last year, mirroring a 20% decline.In contrast, profits coming from motion picture production and also distribution increased to Rs 108 crore in Q2 FY25, contrasted to Rs 61 crore in the equivalent fourth of the previous fiscal year.
Released On Oct 15, 2024 at 01:48 PM IST.




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