October 16, 2024
New Delhi, India
PVR Inox
PVR Inox, reported a consolidated net loss of ₹12.1 crore for Q2 FY25, compared to a net profit of ₹166.2 crore a year ago. The company’s revenue from operations fell by 18.9% to ₹1,622.1 crore, down from ₹1,999.9 crore in the same period last year. This decline is primarily due to a 19.86% drop in revenue from the movie exhibition segment, which brought in ₹1,578.6 crore.
Key Highlights:
- Q2 Loss: PVR Inox recorded a ₹12.1 crore net loss for the quarter ending September 2024.
- Revenue Decline: Revenue from operations fell 18.9% YoY to ₹1,622.1 crore.
- Expenses: Total expenses for the quarter dropped by 6.84% to ₹1,678.6 crore.
- Admissions & Pricing: The company recorded 3.88 crore admissions, with an average ticket price (ATP) of ₹257 and spend per head (SPH) of ₹136.
- Screen Count: PVR Inox added 71 new screens and closed 42 underperforming ones, resulting in a net addition of 29 screens during the quarter.
- Positive Growth: The movie production and distribution business saw a 78.16% rise in revenue to ₹108.5 crore.
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