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

.Agent imageMultiplex establishment PVR Inox on Tuesday disclosed a consolidated bottom line of Rs 12 crore for the quarter ended September 30, 2024, compared to an internet earnings of Rs 166 crore in the very same time last year.The company's revenue coming from functions for the declared fourth stood at Rs 1,622 crore, which is actually 19% less than the Rs 2,000 crore stated in the matching one-fourth of the previous financial year.However, the reduction tightened on a quarter-on-quarter manner contrasted to the Rs 179 crore reported in Q1 FY25. Earnings increased through 36% sequentially, up coming from Rs 1,191 crore stated in the three-month period finished June 30, 2024. The revenues were actually revealed during market hours, and while the equity was trading fixed, the total sentiment remained favorable around 1:30 PM.The provider took care of to decrease its own 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 basis, expenses improved by 15% contrasted to Rs 1,457 crore in Q1 FY25.Segment-wise, PVR's profits coming from movie exhibit lost to Rs 1,579 crore in Q2 FY25, down from Rs 1,970 crore in the very same time period in 2014, showing a twenty% decline.In comparison, earnings from film development as well as distribution enhanced to Rs 108 crore in Q2 FY25, matched up to Rs 61 crore in the equivalent quarter of the previous financial year.
Released On Oct 15, 2024 at 01:48 PM IST.




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