AS per the reports on Tuesday Multiplex chain operator PVR Inox reported a consolidated net loss of Rs 130 crore in the quarter ended March 31, 2024, down from Rs 333 crore reported in the year-ago period. PVR Inox’s revenue from operations in Q4FY24 rose 10% to ₹1,256 crore from ₹1,143 crore, YoY. For the full year FY24, the company’s loss narrowed to ₹32 crore from ₹335 crore in FY23, while its revenue for the period increased to ₹6,107 crore from ₹3,751 crore in the previous year.
As per the reports in the January-March quarter, 33 new screens opened across 6 properties and as of date PVR INOX operates 360 cinemas with 1,748 screens across 112 cities. For the full financial year, patrons visiting its cinemas stood at 15.14 crore with an average ticket price of Rs 259. In FY24, 130 new screens opened across 25 properties. The average F&B spend per head was reported at Rs 132 in the full year. The company managed to reduce its net debt of Rs 136.40 crore. The earnings were announced during market hours and the stock fell by Rs 12.35 or 0.94% on the NSE to Rs 1,303.25.
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