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

.Representative imageMultiplex establishment PVR Inox on Tuesday reported a consolidated net loss of Rs 12 crore for the fourth ended September 30, 2024, contrasted to a net income of Rs 166 crore in the same period last year.The firm's revenue coming from operations for the noted one-fourth endured at Rs 1,622 crore, which is 19% less than the Rs 2,000 crore mentioned in the equivalent quarter of the previous financial year.However, the reduction limited on a quarter-on-quarter manner matched up to the Rs 179 crore reported in Q1 FY25. Earnings improved through 36% sequentially, up from Rs 1,191 crore disclosed in the three-month time finished June 30, 2024. The profits were actually introduced throughout market hrs, as well as while the equity was actually trading fixed, the general belief stayed favorable around 1:30 PM.The provider took care of to minimize its own expenses through 7% year-on-year (YoY) to Rs 1,679 crore, below Rs 1,802 crore in Q2 FY24. Having said that, on a consecutive manner, expenditures enhanced by 15% matched up to Rs 1,457 crore in Q1 FY25.Segment-wise, PVR's earnings coming from movie show fell to Rs 1,579 crore in Q2 FY25, below Rs 1,970 crore in the exact same period in 2014, demonstrating a twenty% decline.In comparison, profits coming from film production and also distribution enhanced to Rs 108 crore in Q2 FY25, contrasted to Rs 61 crore in the matching one-fourth of the previous financial year.
Released On Oct 15, 2024 at 01:48 PM IST.




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