In spite of constructing a 4-screen multiplex, PVR Inox trades lower

11 Sep 2023 , 11:18 AM

Even though PVR Inox, the largest multiplex operator in the nation, opened a four-screen theatre at the Smart City Mall in Dharwad, Karnataka, in the early hours of September 11, their shares saw a slight decline.

PVR INOX’s BSE quote at 9:25 am was Rs 1,844.95, down Rs 2.90, or 0.16%.                                                                                                                                        

According to a statement released on September 10th, PVR INOX has 1,708 screens spread across 361 facilities in 115 cities in India and Sri Lanka.

PVR INOX has added 105 screens across 17 buildings in 14 cities since the merger.

In the quarter from April to June, the company reported revenues of Rs 1,324 crore, a 32 percent year-over-year rise.

At Forum Mall, Kanakapura Road, Bengaluru, the corporation had introduced a 12-screen Superplex with the first ICE theatres configuration in South India in July.

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