Shares of PVR Inox climbed by 2.59% to ₹1,631.25 as of 11:07 AM ahead of the company’s Q2 FY25 earnings announcement scheduled for today. The stock saw a high of ₹1,639.90 and a low of ₹1,596.65 during the morning session.
Stock Price Details:
- Open: ₹1,601.00
- High: ₹1,639.90
- Low: ₹1,596.65
- Previous Close: ₹1,590.00
PVR Inox is expected to share its financial performance for the September quarter (Q2 FY25). The company recently revealed plans to close 70 non-performing screens in FY25 and potentially monetise non-core real estate assets in prime locations like Mumbai, Pune, and Vadodara. This aligns with their strategy to drive profitable growth.
In September 2024, the multiplex operator also confirmed plans to add 120 new screens in FY25, with 40% of new additions focused on South India. Additionally, PVR Inox aims to transition to a capital-light growth model, reducing capex on new screen additions by 25-30% in the current fiscal year.
The company’s leadership, including Managing Director Ajay Kumar Bijli, has indicated a focus on becoming net-debt-free, further enhancing operational efficiency through strategic partnerships in a franchise-owned and company-operated (FOCO) model.
Previous Quarter Highlights (Q1 FY25):
- Net Loss: ₹179 crore (compared to ₹82 crore in the year-ago period).
- Consolidated Revenue: ₹1,190.7 crore, down from ₹1,304.9 crore in Q1 FY24.
This performance was impacted by the postponement of film releases due to general elections and a drop in blockbuster films during the quarter. However, the company expects improved performance in the remaining quarters of the fiscal year.
