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

.Rep imageMultiplex chain PVR Inox on Tuesday stated a combined bottom line of Rs 12 crore for the one-fourth finished September 30, 2024, compared to a web profit of Rs 166 crore in the same period last year.The company's earnings coming from operations for the documented fourth remained at Rs 1,622 crore, which is 19% less than the Rs 2,000 crore disclosed in the corresponding quarter of the previous financial year.However, the loss limited on a quarter-on-quarter manner reviewed to the Rs 179 crore reported in Q1 FY25. Revenue improved by 36% sequentially, up coming from Rs 1,191 crore stated in the three-month time finished June 30, 2024. The earnings were actually announced during the course of market hrs, and while the share was actually trading fixed, the overall belief remained good around 1:30 PM.The provider took care of to reduce its own expenditures by 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 improved through 15% compared to Rs 1,457 crore in Q1 FY25.Segment-wise, PVR's earnings from movie show dropped to Rs 1,579 crore in Q2 FY25, below Rs 1,970 crore in the very same period in 2015, reflecting a twenty% decline.In contrast, profits from movie production and also distribution boosted to Rs 108 crore in Q2 FY25, reviewed 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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