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  1. PVR Inox posts net loss of ₹11.8 crore in Q2 FY25, revenue declines 19%

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PVR Inox posts net loss of ₹11.8 crore in Q2 FY25, revenue declines 19%

Upstox

2 min read | Updated on October 15, 2024, 14:00 IST

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SUMMARY

PVR Inox Q2 Results: Earnings before interest, taxes, depreciation, and amortisation (EBITDA) declined 32.1% to ₹479 crore from ₹705 crore in Q2 FY24. The EBITDA Margin also fell 580 basis points to 29.5%.

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Revenue from operations declined 18.9% to ₹1,622.1 crore in Q2 FY25.

PVR Inox Q2 Results: Multiplex chain PVR Inox reported a net loss of ₹11.8 crore in the second quarter of financial year 2023-24, compared to a net profit of 166.3 crore in the year-ago period.
In Q1 FY25, PVR Inox Ltd, formerly PVR Cinemas, posted a net loss of ₹178.7 crore.

The revenue from operations declined 18.9% to ₹1,622.1 crore in the quarter under review as against ₹1,999.9 crore a year back. Sequentially, the revenue increased 36.2%.

Earnings before interest, taxes, depreciation, and amortisation (EBITDA) declined 32.1% to ₹479 crore from ₹705 crore in Q2 FY24. The EBITDA Margin also fell 580 basis points to 29.5%.

The company also appointed Vishal Kashyap Mahadevia as an Additional Director, designated as an Independent Director on the Board of the Company for a period of five years, effective October 22, 2024.

PVR Inox shares trade in green

Following the July-September quarter earnings, shares of PVR Inox are trading 1.8% higher at ₹1,618.7 apiece on the NSE. The company's market capitalisation stands at ₹15,895 crore.

In the past three months, the stock has surged 10.8%. Year-to-date, the scrip has declined 3.1%, while it shed 8.4% in the past year.

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