PVR Inox posts ₹130 cr loss in Q4; revenue up 12%
For FY24, the net loss of the multiplex chain operator narrows significantly to ₹32.7 crore from ₹336.4 crore in the previous fiscal.
For FY24, the net loss of the multiplex chain operator narrows significantly to ₹32.7 crore from ₹336.4 crore in the previous fiscal.
With something for every palate, moviegoers are in for a treat this week.
After the recent success at the box office, domestic brokerage houses ICICI Securities and Prabhudas Lilladher have assigned “Buy” ratings on PVR Inox shares.
Shares of PVR-Inox surged after the company earned record gross box office revenue of more than ₹100 crore this weekend on the back of record opening of Sunny Deol-starer Gadar 2
Sequentially, PVR INOX’s loss narrowed significantly from ₹334 crore in Q4FY23, led by a growth of 70% in quarter-on-quarter box office collections for Hollywood films.
Indian film industry lost an estimated 2.4 crore audience in 2022
The stock has fallen over 5% in two sessions after Prabhas-Kriti Sanon starrer highly anticipated film received disappointing reviews from critics and audiences.
PVR INOX plans to shut down approximately 50 cinema screens over the next six months.