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

.Rep imageMultiplex chain PVR Inox on Tuesday mentioned a combined bottom line of Rs 12 crore for the fourth finished September 30, 2024, matched up to a net income of Rs 166 crore in the exact same time final year.The company's revenue coming from operations for the reported quarter endured at Rs 1,622 crore, which is 19% lower than the Rs 2,000 crore mentioned in the corresponding fourth of the previous economic year.However, the loss narrowed on a quarter-on-quarter basis matched up to the Rs 179 crore posted in Q1 FY25. Income increased through 36% sequentially, up from Rs 1,191 crore disclosed in the three-month period ended June 30, 2024. The revenues were revealed during market hours, and while the equity was actually trading flat, the overall sentiment remained positive around 1:30 PM.The business dealt with to lower its expenses by 7% year-on-year (YoY) to Rs 1,679 crore, down from Rs 1,802 crore in Q2 FY24. However, on a consecutive basis, costs enhanced by 15% contrasted to Rs 1,457 crore in Q1 FY25.Segment-wise, PVR's earnings from motion picture event dropped to Rs 1,579 crore in Q2 FY25, below Rs 1,970 crore in the same period in 2014, reflecting a twenty% decline.In comparison, income from film manufacturing and also circulation boosted to Rs 108 crore in Q2 FY25, contrasted to Rs 61 crore in the matching quarter of the previous financial year.
Released On Oct 15, 2024 at 01:48 PM IST.




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