PVR-INOX Records In August: 1.9 Crore Visitors, Rs 532 Crore Box Office Revenue

1 Sep 2023 , 02:50 PM

PVR-INOX, a prominent cinema chain, achieved a record monthly footfall of 1.9 crore cinemagoers in August. In the same period, they collected an impressive box office revenue of Rs 532 crore, signifying a remarkable month for the company.

The exceptional footfall was attributed to the release of blockbuster films in August, including titles like Gadar 2, Jailer, OMG 2, Dreamgirl 2, Rocky aur Rani ki Prem Kahani, and Oppenheimer. On India’s 77th Independence Day, August 15, 2023, PVR-INOX set a milestone by hosting 13 lakh customers and earning approximately Rs 41.4 crore in box office revenue.

The weekend of August 11-13 also marked a historic moment for PVR-INOX, with around 33.6 lakh customers attending screenings and grossing approximately Rs 100 crore in box office revenue during that weekend. PVR INOX shares remained steady, trading at Rs 1,781.5 on September 1, and have provided a 23 % return since the start of the year.

Despite reporting a loss of Rs 82 crore in the April-to-June quarter, compared to a profit of Rs 53 crore in the same period the previous year, the company’s revenue showed resilience with a year-on-year increase of 33 %, totaling Rs 1,305 crore in the April-to-June quarter. PVR-INOX’s expansive network includes 1,708 screens across 361 properties in 115 cities in India and Sri Lanka, solidifying its position in the cinema exhibition industry.

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