.Representative imageMultiplex establishment PVR Inox on Tuesday disclosed a consolidated net loss of Rs 12 crore for the fourth ended September 30, 2024, matched up to an internet profit of Rs 166 crore in the very same time final year.The business's earnings from operations for the declared fourth endured at Rs 1,622 crore, which is 19% lower than the Rs 2,000 crore disclosed in the matching quarter of the previous financial year.However, the reduction tightened on a quarter-on-quarter manner compared to the Rs 179 crore posted in Q1 FY25. Revenue raised by 36% sequentially, up from Rs 1,191 crore mentioned in the three-month time finished June 30, 2024. The profits were actually introduced in the course of market hrs, and while the assets was trading fixed, the general feeling remained favorable around 1:30 PM.The firm managed to reduce its own costs through 7% year-on-year (YoY) to Rs 1,679 crore, down from Rs 1,802 crore in Q2 FY24. Having said that, on a consecutive manner, expenses raised through 15% reviewed to Rs 1,457 crore in Q1 FY25.Segment-wise, PVR's income coming from film exhibition dropped to Rs 1,579 crore in Q2 FY25, below Rs 1,970 crore in the same period in 2014, demonstrating a 20% decline.In contrast, income from motion picture manufacturing and also circulation boosted 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.
Join the neighborhood of 2M+ industry experts.Sign up for our bulletin to get most recent knowledge & evaluation.
Download ETRetail App.Get Realtime updates.Save your preferred articles.
Browse to download App.