{"id":112300,"date":"2023-10-19T16:21:33","date_gmt":"2023-10-19T10:51:33","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=112300"},"modified":"2023-10-19T16:21:38","modified_gmt":"2023-10-19T10:51:38","slug":"pvr-inox-q2-results-net-profit-at-rs-166-3-cr-revenue-at-rs-2000-cr","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/pvr-inox-q2-results-net-profit-at-rs-166-3-cr-revenue-at-rs-2000-cr\/","title":{"rendered":"PVR INOX Q2 Results: Net profit at Rs. 166.3 Cr, revenue at Rs. 2,000 Cr"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1541183116\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>On Thursday leading cinema exhibitor PVR INOX reported a consolidated net profit of Rs 166.3 crore for the September quarter.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3228941282\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>According to a regulatory filing, The company, earlier known as PVR Ltd, posted a net loss of Rs 71.2 crore in the year-ago period.<\/p><p>For the second quarter of the current financial year, Its revenue from operations stood at Rs 1,999.9 crore. In the year-ago period, the same was at Rs 686 crore.<\/p><p>The September quarter result is after the merger of PVR with rival INOZ, hence it is not comparable, the company said.<\/p><div class=\"trade-content_5\" id=\"trade-2278464941\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>&#8220;As the merger became effective from February 6, 2023; Q2 FY24 and H1 FY24 results for the company are reported on a merged basis for PVR and INOX and are not comparable with the earlier period,&#8221; PVR INOX said in its earning statement.<\/p><p>Its total expenses in the July-September period were Rs 1,802 crore, while its total income in the September quarter was Rs 2,023.7 crore.<\/p><p>PVR INOX witnessed the highest-ever quarterly admissions with 48.4 million people visiting cinema halls during this period. After the merger.<\/p><p>Similarly, the average ticket price in the current quarter was the highest at Rs 276, while per-head food and beverage spend also reached a new high of Rs 136.<\/p><p>In the second quarter, PVR INOX added 37 new screens, taking its total count to 1,702 screens across 115 cities, in India and Sri Lanka.<\/p><p>In the first half of the financial year, PVR closed 33 underperforming screens.<\/p><div class=\"trade-content-10\" id=\"trade-1191556387\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>&#8220;By exiting 33 underperforming screens during H1 FY24, we continue to focus on profitable expansion. We are firmly on track to open 150-160 new screens in FY24, and will fund this growth through internal accruals,&#8221; PVR INOX said.<\/p><p>Commenting on the results, PVR INOX Managing Director Ajay Bijli said, &#8220;This quarter&#8217;s results underscore the immense potential of the Indian cinema industry, reflecting the unsatiated appetite of Indian consumers to watch films across languages on the big screen.&#8221; The biggest highlight of the quarter was the record-breaking performance of the Hindi box office.<\/p><p>&#8220;&#8216;Jawan&#8217; and &#8216;Gadar 2&#8217; ranked amongst the highest-grossing Hindi films of all time, amassing over Rs 750 crore and more than Rs 620 crore at the box offic,&#8221; the statement said.<\/p><p>&#8220;They were complemented by the solid performance of mid-budget movies, with &#8216;Rocky aur Rani kii Prem Kahani&#8217; and &#8216;Oh my God 2&#8217; grossing over Rs 150 crore and &#8216;Dream Girl 2&#8217; crossing the Rs 100 crore mark. &#8216;Fukrey 3&#8217; released near the quarter-end, also crossed Rs 100 crore at the box office,&#8221; it said.<\/p><p>In Hollywood, &#8216;Oppenheimer&#8217; and &#8216;Mission Impossible: Dead Reckoning Part 1&#8217; set a fantastic tone, grossing over Rs 150 crore and more than Rs 130 crore in India, the company said.<\/p><p>On the outlook, the company said, &#8220;In the upcoming months, we are highly optimistic about the content lineup across various languages. This includes eagerly awaited Hindi releases like &#8216;Tiger 3&#8217;, &#8216;Animal&#8217;, &#8216;Sam Bahadur&#8217;, &#8216;Yodha and Dunki&#8217;.&#8221; Hollywood enthusiasts can look forward to films like &#8216;Killers of the Flower Moon&#8217;, &#8216;The Marvels&#8217;, Taylor Swift&#8217;s &#8216;The Eras Tour Movie&#8217;, &#8216;Napoleon&#8217;, &#8216;Wonka and Aquaman&#8217; and the &#8216;Lost Kingdom&#8217;, the statement added.<\/p><p>Shares of PVR INOX Ltd on Thursday closed at Rs 1,742.40 on the BSE, down 1.76 per cent from the previous close.&nbsp;<\/p><div class=\"trade-after-content\" id=\"trade-2491817601\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>On Thursday leading cinema exhibitor PVR INOX reported a consolidated net profit of Rs 166.3 crore for the September quarter. According to a regulatory filing, The company, earlier known as PVR Ltd, posted a net loss of Rs 71.2 crore in the year-ago period. For the second quarter of the current financial year, Its revenue [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":17460,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1515,31],"tags":[],"class_list":["post-112300","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-company-results","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>PVR INOX Q2 Results: Net profit at Rs. 166.3 Cr, revenue at Rs. 2,000 Cr - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/pvr-inox-q2-results-net-profit-at-rs-166-3-cr-revenue-at-rs-2000-cr\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PVR INOX Q2 Results: Net profit at Rs. 166.3 Cr, revenue at Rs. 2,000 Cr\" \/>\n<meta property=\"og:description\" content=\"On Thursday leading cinema exhibitor PVR INOX reported a consolidated net profit of Rs 166.3 crore for the September quarter. 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