Multiplex chain PVR Inox has reported a consolidated loss of Rs. 130 crores in the quarter that ended on March 31, as per a report in Economic Times. The same was reported last year to be Rs. 333 crores. Meanwhile, in the October to December quarter, it reported a profit of Rs. 13 crores.
PVR Inox reports loss of Rs. 130 crores in fourth quarter, revenue jumps at 10%
The multiple chain shared its revenue from operations at Rs. 1256 crores, which is 10% more than Rs. 1143 crores it had reported a year ago. As far as the full financial year is concerned, the firm reported a loss of Rs. 32 crores, which is down from Rs. 335 crores in FY23. Its revenue in the same period was reported to be Rs. 6107 crores, which is higher than Rs. 3751 crores a year ago.
The multiplex chain further reported that the Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) for the quarter stood at Rs. 35.20 crores.
PVR also shared that 3.26 crores patrons visited their cinemas in the quarter just gone by. The Average Ticket Price (ATP) stood at Rs. 233 while the food and beverages (F & B) spend per head (SPH) was at Rs. 129.
In the first three months of this year, PVR Inox opened 33 new screens across six properties. The multiplex chain till now operates 360 cinemas with 1748 screens in 112 cities. For the full financial year, meanwhile, the total footfalls in their cinemas were 15.14 crores with Rs. 259 being the average ticket price. In the full year, the average F&B spend stood at Rs. 132. Also, the chain started 25 new properties and 130 new screens in FY24.
The firm also reduced its net debt of Rs. 136.40 crores.
Also Read: PVR INOX to release reboot of slasher horror The Strangers: Chapter 1 in India
Tags : Bollywood, CInema hall, FY23, FY24, Loss, multiplex, News, Profit, PVR Inox, Screens, Theatre
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