PVR Inox Q2 Results: Multiplex swings to black, reports Rs 166 crore-profit; revenue jumps 191% YoY

Leading multiplex chain PVR Inox has reported a consolidated net profit of Rs 166 crore for the quarter ended September 2023. The company had posted a loss of Rs 71 crore in the year-ago period.

Revenue from operations during the quarter jumped 191% to Rs 2,000 crore against Rs 686 crore in the same quarter of last year.

The company reported an EBITDA of Rs 706 crore during the second quarter, which also jumped multifold from Rs 154 crore in the corresponding quarter of the previous year.

EBITDA margins improved significantly to 35.3% in the reporting period, compared with 22.4% a year ago.

The company got a blockbuster boost from ‘Jawaan’ and ‘Gadar 2’, which were ranked among highest-grossing Hindi films of all time, during the second quarter. Further, Hollywood releases of ‘Oppenheimer’ and ‘Mission Impossible’ also helped clock record numbers.

In the upcoming months, PVR Inox said it is highly optimistic about the content lineup across various languages.

“Following our recent merger, we have been diligently working to realize the full potential of this strategic union. We are pleased to report that the integration process has been progressing seamlessly, yielding substantial operational efficiencies,” it added.On Thursday, the company’s shares were trading 0.37% lower at Rs 1,766.45 on NSE.

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