PVR Inox Ltd has announced its financial results for the second quarter of FY25, reporting a net loss of ₹12.4 crore, compared to a profit of ₹166.2 crore in the same quarter last year. The company’s revenue from operations also dropped to ₹1,532.7 crore, down from ₹1,935.3 crore in Q2 FY24.
Key Financial Highlights:
Revenue from Operations: ₹1,532.7 crore, down from ₹1,935.3 crore last year.
Net Profit/Loss: The company posted a net loss of ₹12.4 crore for Q2 FY25, compared to a profit of ₹166.2 crore in Q2 FY24.
Total Income: ₹1,573 crore, a decrease from ₹1,959.4 crore in the same period last year.
Total Expenses: ₹1,589.4 crore, down from ₹1,737.5 crore last year, due to reductions in movie exhibition costs and food and beverage consumption.
EBITDA Margins: PVR Inox’s operating performance saw a decline, with EBITDA margins coming under pressure due to lower revenues.
The company’s performance in this quarter was affected by lower movie releases and the postponement of several blockbusters. Despite the challenges, PVR Inox is focusing on future growth, including plans to close underperforming screens and add new ones, as well as efforts to transition to a capital-light model.
As of 12:43 PM, PVR Inox shares were trading 2.59% higher at ₹1,631.25 on NSE, driven by optimism around the company’s cost-cutting measures and strategic adjustments.
Disclaimer: The financial figures mentioned above are based on the standalone results of PVR Inox Ltd for Q2 FY25.
