Columns

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

.Agent imageMultiplex establishment PVR Inox on Tuesday stated a consolidated bottom line of Rs 12 crore for the fourth finished September 30, 2024, matched up to a net earnings of Rs 166 crore in the exact same time final year.The firm's revenue from functions for the documented fourth stood at Rs 1,622 crore, which is 19% less than the Rs 2,000 crore stated in the equivalent one-fourth of the previous monetary year.However, the loss tightened on a quarter-on-quarter manner reviewed to the Rs 179 crore reported in Q1 FY25. Profits enhanced through 36% sequentially, up from Rs 1,191 crore mentioned in the three-month time ended June 30, 2024. The profits were revealed throughout market hours, as well as while the assets was trading flat, the general feeling stayed good around 1:30 PM.The provider dealt with to reduce its costs through 7% year-on-year (YoY) to Rs 1,679 crore, below Rs 1,802 crore in Q2 FY24. However, on a sequential manner, expenditures increased by 15% reviewed to Rs 1,457 crore in Q1 FY25.Segment-wise, PVR's profits from flick exhibition went down to Rs 1,579 crore in Q2 FY25, below Rs 1,970 crore in the same time period in 2013, showing a 20% decline.In contrast, income coming from movie development and distribution improved to Rs 108 crore in Q2 FY25, reviewed to Rs 61 crore in the matching fourth of the previous fiscal year.
Posted On Oct 15, 2024 at 01:48 PM IST.




Sign up with the neighborhood of 2M+ industry professionals.Subscribe to our bulletin to get latest ideas &amp review.


Install ETRetail App.Get Realtime updates.Save your favourite posts.


Scan to install Application.

Articles You Can Be Interested In