PVR Inox Shares Rise by Almost 2% on Record-Breaking Achievements

14 Aug 2023 , 01:26 PM

PVR Inox shares experience a nearly 2% surge following reports of remarkable admissions and collections. Over the weekend, PVR Inox welcomes 33.6 lakh guests and earns over Rs 100 crore in box office revenue.

A significant milestone is achieved on August 13, 2023, with highest-ever single-day admissions of 12.8 lakh guests and gross box office revenue of Rs 39.5 crore. Successful box office performances from ‘Gadar 2’ (Hindi), ‘Jailer’ (Tamil), and ‘OMG2’ (Hindi) contribute to this weekend’s success.

Q1FY24 results ending in June 2023 show a 31.7% YoY rise in revenue to Rs 1,266.6 crore. However, a net loss of Rs 44.1 crore is reported for Q1FY24, attributed to slow April content; May and June pick up momentum with successful Indian and Hollywood releases.

Earlier this year, the merger of multiplex giants PVR and INOX forms a combined entity with 1,708 screens across 361 properties in 115 cities.

 

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