(20 second reading) PVR Inox reported a reduction in its net losses to Rs.129.5 crore for the March quarter, compared to Rs.333 crore in the same period last year. In the December quarter, the company posted a profit of Rs.12.8 crore. The company’s revenue from operation came in at Rs.1,256.4 crore, up 9% from the Rs.1,143 crore posted in the same quarter last year.
In Q4, PVR reported that 3.26 crore people visited its cinemas, up 7% from the year-ago period. The average ticket price was reported at Rs.233, down around 2% year on year, while the food and beverage (F&B) spend per head (SPH) stood at Rs.129, up 8% YoY.
As of March 31, 2024, PVR, along with INOX, collectively operates 360 cinemas with 1,748 screens spread across 112 cities.