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

.Agent imageMultiplex establishment PVR Inox on Tuesday disclosed a combined net loss of Rs 12 crore for the quarter ended September 30, 2024, reviewed to an internet revenue of Rs 166 crore in the exact same time last year.The business's earnings from procedures for the reported fourth endured at Rs 1,622 crore, which is 19% lower than the Rs 2,000 crore reported in the matching quarter of the previous monetary year.However, the loss tightened on a quarter-on-quarter manner matched up to the Rs 179 crore reported in Q1 FY25. Revenue boosted through 36% sequentially, up from Rs 1,191 crore disclosed in the three-month period finished June 30, 2024. The revenues were actually introduced during market hrs, and while the stock was actually trading fixed, the general feeling continued to be favorable around 1:30 PM.The business managed to minimize its own expenses by 7% year-on-year (YoY) to Rs 1,679 crore, down from Rs 1,802 crore in Q2 FY24. However, on a sequential manner, costs raised through 15% contrasted to Rs 1,457 crore in Q1 FY25.Segment-wise, PVR's revenue from film show lost to Rs 1,579 crore in Q2 FY25, down from Rs 1,970 crore in the exact same period in 2013, reflecting a twenty% decline.In contrast, profits from film manufacturing and circulation raised to Rs 108 crore in Q2 FY25, compared to Rs 61 crore in the corresponding fourth of the previous fiscal year.
Released On Oct 15, 2024 at 01:48 PM IST.




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