PVR-INOX’s fourth-quarter loss reduced by 61% to ₹130 crore: Income increased by nearly 10% year-on-year, share fell 21% in 6 months.

Multiplex chain PVR INOX’s consolidated loss for fourth quarter (January-March) of 2024 fell 61.15% year-on-year to ₹129.5 crore. It was ₹333.4 crore in the same quarter of the last financial year. Earlier in the last quarter (October-December) the company had made a profit of ₹ 12.8 crore. The company’s income increased by about 10% on an annual basis. In the March quarter, the company’s consolidated revenue increased by about 10% on an annual basis. Revenue in Q4FY24 stood at ₹1256.4 crore. The revenue in the same quarter a year ago i.e. fourth quarter of FY23 was Rs 1143.2 crore. At the same time, the company’s revenue in the December quarter was ₹ 1545.9 crore. PVR INOX, the company facing losses due to the failure of big budget Bollywood films, was registering profits for the last 2 quarters, but due to the failure of big budget Bollywood films at the box office, the company has once again fallen into loss. Today, PVR INOX shares fell by 1.41%. After the results, today PVR INOX shares closed at the level of Rs 1,297 with a fall of 1.41%. This stock has given a negative return of 7.09% in the last 1 month and 21.40% in the last 6 months. Whereas PVR INOX shares have declined by 21.89% so far this year. Consolidated profit means the performance of the entire group. The results of companies come in two parts – standalone and consolidated. Standalone shows the financial performance of only one unit. Whereas, in the consolidated financial report, the entire company is reported.

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