PVR Inox blog posts Rs 12 crore reduction vs Rs 166 crore profit YoY in Q2, income falls 19%, ET Retail

.Agent imageMultiplex chain PVR Inox on Tuesday disclosed a consolidated bottom line of Rs 12 crore for the fourth finished September 30, 2024, reviewed to an internet earnings of Rs 166 crore in the very same period final year.The firm’s earnings from procedures for the reported quarter stood at Rs 1,622 crore, which is actually 19% less than the Rs 2,000 crore stated in the corresponding one-fourth of the previous economic year.However, the loss tightened on a quarter-on-quarter manner reviewed to the Rs 179 crore posted in Q1 FY25. Revenue raised through 36% sequentially, up from Rs 1,191 crore reported in the three-month time ended June 30, 2024. The revenues were introduced during market hours, and also while the stock was actually trading flat, the general view stayed positive around 1:30 PM.The business took care of to reduce its own costs by 7% year-on-year (YoY) to Rs 1,679 crore, below Rs 1,802 crore in Q2 FY24.

However, on a sequential manner, expenditures boosted through 15% matched up to Rs 1,457 crore in Q1 FY25.Segment-wise, PVR’s profits from motion picture exhibition went down to Rs 1,579 crore in Q2 FY25, down from Rs 1,970 crore in the very same time period in 2014, reflecting a 20% decline.In contrast, revenue coming from motion picture manufacturing as well as circulation improved to Rs 108 crore in Q2 FY25, contrasted to Rs 61 crore in the equivalent quarter of the previous fiscal year. Posted On Oct 15, 2024 at 01:48 PM IST. Join the neighborhood of 2M+ field specialists.Subscribe to our e-newsletter to acquire newest insights &amp study.

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