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

.Agent imageMultiplex chain PVR Inox on Tuesday reported a combined net loss of Rs 12 crore for the one-fourth ended September 30, 2024, matched up to a net income of Rs 166 crore in the exact same period last year.The company's earnings coming from operations for the reported quarter remained at Rs 1,622 crore, which is actually 19% lower than the Rs 2,000 crore mentioned in the matching quarter of the previous financial year.However, the reduction narrowed on a quarter-on-quarter manner contrasted to the Rs 179 crore reported in Q1 FY25. Income enhanced by 36% sequentially, up from Rs 1,191 crore mentioned in the three-month time finished June 30, 2024. The revenues were actually revealed during market hrs, and also while the share was actually trading fixed, the general belief stayed good around 1:30 PM.The business dealt with to lower its expenditures by 7% year-on-year (YoY) to Rs 1,679 crore, down from Rs 1,802 crore in Q2 FY24. Nevertheless, on a consecutive manner, expenditures improved by 15% reviewed to Rs 1,457 crore in Q1 FY25.Segment-wise, PVR's earnings coming from motion picture show dropped to Rs 1,579 crore in Q2 FY25, below Rs 1,970 crore in the same time period in 2015, demonstrating a 20% decline.In contrast, income coming from flick production and also distribution improved to Rs 108 crore in Q2 FY25, contrasted to Rs 61 crore in the corresponding quarter of the previous financial year.
Released On Oct 15, 2024 at 01:48 PM IST.




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