PVR logs net loss of Rs 71 crore in Q2FY23; revenue up by 155.49% y-o-y

18 Oct 2022 , 10:49 AM

PVR Limited announced its results for the quarter and half year ended September 30, 2022.

For Q2FY23, the company logged consolidated revenue of Rs703.10 crore, up by 155.49% yoy against Rs275.20 crore in the previous corresponding quarter. For H1FY23, the company logged revenue of Rs1,705.40 crore, up by 363.67% on a yoy basis against Rs367.80 crore in H1FY22.

The company reported an EBITDA of Rs170.10 crore in Q2FY23, as compared to Rs86.80 crore in the previous corresponding quarter, registering growth of 95.97% yoy. EBITDA for H1FY23 stood at Rs532.50 crore, against Rs29 crore in H1FY22, growing many folds.

The company managed to narrow its loss during the current quarter at Rs71.50 crore against Rs153.30 crore in the previous corresponding quarter. Further, for H1FY23, the loss was reduced to Rs18.30 crore against Rs372.80 crore in H1FY22.

However, the company posted a loss after being profitable in the previous quarter. This loss was on account of a drop in crowds owing to lackluster Bollywood and Hollywood movie performances, hitting ticket prices.

At around 10.51 AM, PVR was trading at Rs1,698.55 per piece, up by 0.6% from its previous closing of Rs1,688.40 on the BSE. The scrip opened at Rs1,688.55 and touched intraday high and low of Rs1,715.30 and Rs1,678 respectively.

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