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

.Representative imageMultiplex chain PVR Inox on Tuesday disclosed a consolidated bottom line of Rs 12 crore for the quarter ended September 30, 2024, compared to a net profit of Rs 166 crore in the exact same time last year.The company's revenue from operations for the noted one-fourth remained at Rs 1,622 crore, which is 19% lower than the Rs 2,000 crore disclosed in the equivalent fourth of the previous economic year.However, the loss narrowed on a quarter-on-quarter manner matched up to the Rs 179 crore reported in Q1 FY25. Revenue raised by 36% sequentially, up from Rs 1,191 crore disclosed in the three-month period ended June 30, 2024. The earnings were actually declared during the course of market hours, and while the assets was trading fixed, the total sentiment stayed beneficial around 1:30 PM.The provider handled to lessen its costs by 7% year-on-year (YoY) to Rs 1,679 crore, below Rs 1,802 crore in Q2 FY24. Nevertheless, on a consecutive manner, expenditures increased through 15% contrasted to Rs 1,457 crore in Q1 FY25.Segment-wise, PVR's income coming from motion picture exhibit dropped to Rs 1,579 crore in Q2 FY25, below Rs 1,970 crore in the very same period last year, showing a 20% decline.In comparison, income coming from flick creation and circulation improved to Rs 108 crore in Q2 FY25, reviewed to Rs 61 crore in the matching quarter of the previous fiscal year.
Posted On Oct 15, 2024 at 01:48 PM IST.




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