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

.Agent imageMultiplex establishment PVR Inox on Tuesday disclosed a consolidated bottom line of Rs 12 crore for the quarter finished September 30, 2024, matched up to an internet earnings of Rs 166 crore in the same time last year.The provider's earnings coming from functions for the declared fourth stood at Rs 1,622 crore, which is actually 19% lower than the Rs 2,000 crore stated in the corresponding one-fourth of the previous economic year.However, the reduction narrowed on a quarter-on-quarter basis contrasted to the Rs 179 crore reported in Q1 FY25. Revenue raised through 36% sequentially, up coming from Rs 1,191 crore stated in the three-month time finished June 30, 2024. The earnings were actually introduced throughout market hrs, and while the assets was actually trading fixed, the total feeling remained good around 1:30 PM.The firm took care of to reduce its own expenditures by 7% year-on-year (YoY) to Rs 1,679 crore, below Rs 1,802 crore in Q2 FY24. Nevertheless, on a consecutive manner, expenses boosted by 15% reviewed to Rs 1,457 crore in Q1 FY25.Segment-wise, PVR's profits coming from flick show went down to Rs 1,579 crore in Q2 FY25, below Rs 1,970 crore in the very same time frame in 2014, showing a twenty% decline.In contrast, earnings coming from motion picture development as well as distribution raised to Rs 108 crore in Q2 FY25, contrasted to Rs 61 crore in the equivalent quarter of the previous financial year.
Posted On Oct 15, 2024 at 01:48 PM IST.




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