According to a source quoted in Economic Times, India’s multiplex chain PVR Inox has registered a consolidated loss of Rs. 130 crores during the quarter that ended on March 31, compared to Rs. 333 crores in the corresponding period last year and posted profit of Rs. 13 crore in October to December.
PVR Inox reports loss of Rs. 130 crores in fourth quarter, revenue jumps at 10%
It had a turnover of INR12.56bn ($194m) from its operations which was up by 10% over INR11.43bn reported for previous year i.e., FY23. The company registered a full year loss of INR0.32bn ($4.7m) versus an INR3.35bn ($48m) FY23 figure; revenues were billed at INR61.07bn ($888m), up from INR37.51bn($541m).
The Multiplex chain also informed that the Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) for the quarter stood at Rs352 million.
The same report also stated that there were about 32 million customers who visited their cinemas in the last three months while Average Ticket Price (ATP) was Rs233 and food & beverages (F & B) spend per head (SPH) was Rs129.
For example, in Q1 alone this year, PVR Inox opened additional 33 screens across six properties while as at now it has a total of 360 cinemas with around 1748 screens located in one hundred and twelve cities nationwide; thus, attracting close to fifteen point one four crore visitors throughout its theaters for FY24 with average ticket value being equal to $259 /Rs15; whereas F&B cost accounted for approximated sum of $132/Rs20 for full year; also FY24 witnessed twenty-five new properties and one hundred and thirty screens opened by this chain.
The company also reduced its net debt of INR1.364bn ($20m).
