PVR INOX Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
October 19, 2023 at 03:21 am EDT
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PVR INOX Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 19,999 million compared to INR 6,860 million a year ago. Revenue was INR 20,237 million compared to INR 7,024 million a year ago. Net income was INR 1,663 million compared to net loss of INR 712 million a year ago. Basic earnings per share from continuing operations was INR 16.97 compared to basic loss per share from continuing operations of INR 11.7 a year ago. Diluted earnings per share from continuing operations was INR 16.91 compared to diluted loss per share from continuing operations of INR 11.7 a year ago.
For the six months, sales was INR 33,048 million compared to INR 16,674 million a year ago. Revenue was INR 33,535 million compared to INR 17,045 million a year ago. Net income was INR 847 million compared to net loss of INR 178 million a year ago. Basic earnings per share from continuing operations was INR 8.64 compared to basic loss per share from continuing operations of INR 2.93 a year ago. Diluted earnings per share from continuing operations was INR 8.58 compared to diluted loss per share from continuing operations of INR 2.93 a year ago.
PVR INOX Limited is a film exhibition company in India with approximately 1713 screens across 362 properties in 115 cities in India and Sri Lanka. The Company is engaged in the business of movie exhibition, distribution and production and also in-house advertising, sale of food and beverages (F&B), gaming and restaurant business. It is involved in the theatrical exhibition business and allied activities under brand, PVR INOX. It offers features, such as premium large formats (PLF) for a wider viewing area through formats like BigPix, ScreenX, P[XL]. The Company also prioritize sound and electroacoustic enhancements to deliver an audio-visual journey through IMAX, ICE, 4DX, MX4D, and Onyx. Its other brands include Insignia, Director's Cut and Luxe. It offers a range of F&B options catering to diverse tastes, from gourmet delights to healthier alternatives. Its subsidiaries include PVR Pictures Limited, Shouri Properties Private Limited, Zea Maize Private Limited and PVR Lanka Limited.
PVR INOX LIMITED 
