PVR Inox Q2 Results: Co posts Rs 12 crore loss vs Rs 166 crore profit YoY, revenue drops 19%

Multiplex chain PVR Inox on Tuesday reported a consolidated net loss of Rs 12 crore for the quarter ended September 30, 2024, compared to a net profit of Rs 166 crore in the same period last year.

The company’s revenue from operations for the reported quarter stood at Rs 1,622 crore, which is 19% lower than the Rs 2,000 crore reported in the corresponding quarter of the previous financial year.

However, the loss narrowed on a quarter-on-quarter basis compared to the Rs 179 crore posted in Q1 FY25. Revenue increased by 36% sequentially, up from Rs 1,191 crore reported in the three-month period ended June 30, 2024.

More to come…