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

.Representative imageMultiplex establishment PVR Inox on Tuesday stated a consolidated bottom line of Rs 12 crore for the quarter finished September 30, 2024, contrasted to an internet earnings of Rs 166 crore in the very same period last year.The business's income from functions for the documented fourth stood 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 economic year.However, the loss tightened on a quarter-on-quarter manner matched up to the Rs 179 crore posted in Q1 FY25. Revenue improved through 36% sequentially, up coming from Rs 1,191 crore reported in the three-month period finished June 30, 2024. The earnings were announced in the course of market hours, and also while the share was actually trading flat, the general conviction stayed positive around 1:30 PM.The company took care of to decrease its own costs by 7% year-on-year (YoY) to Rs 1,679 crore, below Rs 1,802 crore in Q2 FY24. Having said that, on a consecutive manner, expenses increased through 15% compared to Rs 1,457 crore in Q1 FY25.Segment-wise, PVR's profits from movie exhibition fell to Rs 1,579 crore in Q2 FY25, down from Rs 1,970 crore in the same time period last year, mirroring a twenty% decline.In comparison, revenue from flick manufacturing and distribution enhanced to Rs 108 crore in Q2 FY25, contrasted to Rs 61 crore in the matching quarter of the previous financial year.
Published On Oct 15, 2024 at 01:48 PM IST.




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