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PVR Inox articles Rs 12 crore reduction vs Rs 166 crore income YoY in Q2, profits goes down 19%, ET Retail

.Representative imageMultiplex chain PVR Inox on Tuesday mentioned a consolidated net loss of Rs 12 crore for the one-fourth ended September 30, 2024, matched up to a net earnings of Rs 166 crore in the very same period final year.The company's earnings coming from procedures for the reported quarter endured at Rs 1,622 crore, which is actually 19% lower than the Rs 2,000 crore mentioned in the matching one-fourth of the previous monetary year.However, the loss limited on a quarter-on-quarter basis matched up to the Rs 179 crore reported in Q1 FY25. Profits raised by 36% sequentially, up from Rs 1,191 crore reported in the three-month time ended June 30, 2024. The incomes were announced during market hours, as well as while the assets was trading flat, the total feeling continued to be beneficial around 1:30 PM.The business handled to minimize its own expenses by 7% year-on-year (YoY) to Rs 1,679 crore, below Rs 1,802 crore in Q2 FY24. However, on a sequential basis, expenditures increased by 15% matched up to Rs 1,457 crore in Q1 FY25.Segment-wise, PVR's earnings from flick exhibit went down to Rs 1,579 crore in Q2 FY25, below Rs 1,970 crore in the very same duration in 2014, mirroring a 20% decline.In contrast, revenue from movie production as well as circulation enhanced to Rs 108 crore in Q2 FY25, reviewed to Rs 61 crore in the corresponding one-fourth of the previous fiscal year.
Released On Oct 15, 2024 at 01:48 PM IST.




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