PVR INOX LTD Q3 RESULTS
Q3 results this week: Adani Enterprises, Bajaj Finance, Nestle, Maruti, Tata Steel among 140 companies to announce earnings
The third quarter (Q3 FY25) earnings season is underway, with 140 companies set to announce their results this week. Some of the prominent names include Tata Steel, Bajaj Auto, L&T, Adani Enterprises, Adani Ports, TVS Motor, Bajaj Finserv, Bajaj Finance, Maruti Suzuki, Tata Motors, IndusInd Bank, ONGC, and Nestle India, among others.
PVR Inox launches new service to combat declining footfalls
PVR Inox has launched ScreenIT, a feature on its app, to address falling footfalls and improve screen utilisation. The service allows users to select, schedule, and promote movie screenings from a library of 500 titles, expanding to over 1,000. ScreenIT aims to attract audiences back to cinemas, offering a unique customized experience and cash rewards for ticket promotions.
176 smallcap stocks fell in double-digits in a rough week for markets
Indian markets experienced heavy selling pressure due to modest GDP and corporate earnings estimates. Only four smallcap stocks posted double digit weekly returns, while 176 fell significantly. Foreign investors sold nearly $2 billion, and rising US bond yields impacted sentiment. Key earnings and macro data, including India's CPI release, will guide market direction.
IT and Pharma sector poised for growth, cement faces downgrades: Ajay Bagga
In a strong market, it would not have made that big an impact as we saw. And finally, when the secondary market numbers came out, domestics were buying nearly 2x the selling by the FIIs. So, clearly, it was a question of domestic investors also selling out while institutions were buying, so that is showing the skittish nature of the market.
If tax on popcorn is a worry, try munching them in a movie hall. Thankfully, things may change
The Indian government increased GST on caramel popcorn from 5% to 18%. This sparked discussions about the high cost of snacks in multiplexes. High snack prices, combined with the availability of films on streaming platforms, have led to decreased movie-goer numbers. Some multiplexes are trying to attract more visitors by capping snack prices at Rs 99.
Weekend dhamaka at Box Office: Collections from Singham Again, Bhool Bhulaiyaa 3 top Rs 230 cr, lift exhibitors’ hopes
The Diwali weekend saw the release of two big-budget Bollywood films, 'Singham Again' and 'Bhool Bhulaiyaa 3', which brought in a collective ₹231.4 crore. While both films opened strong, Sunday saw a dip in collections. Exhibitors are now looking at Monday and Tuesday's performance to determine future screening strategies.
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Inox Wind Q2 Results: Company reports Rs 90 crore profit, revenue up 93%
Inox Wind Limited (IWL) has reported a profit of Rs 90 crore in the July-September quarter compared to a loss of Rs 27 crore in the year-earlier period.
PVR Inox shares fall 3% after reporting Rs 12 crore loss in Q2
PVR Inox reported a Q2 net loss of ₹12 crore, down from ₹166 crore profit last year. Revenue declined 19%, but expenses reduced 7%, prompting Bank of America to maintain a 'Buy' rating.
PVR Inox Q2 Results: Co posts Rs 12 crore loss vs Rs 166 crore profit YoY, revenue drops 19%
PVR Inox Q2 Results: Multiplex chain reported a consolidated net loss of Rs 12 crore for Q2 FY25, compared to a net profit of Rs 166 crore in the same period last year. Revenue from operations dropped to Rs 1,622 crore, a 19% decline YoY. However, the loss narrowed sequentially from Rs 179 crore in Q1 FY25.
After Stree & Kalki's efforts, can Singham and Pushpa bring PVR Inox back to profit?
PVR Inox reports a net loss of ₹12 crore for Q2 FY25, primarily due to lower profit compared to last year. Despite this, significant gains from films like Stree 2 and Kalki, alongside successful re-releases and upcoming blockbusters, improve box office collections and audience turnout.
Q2 results today: HDFC Life, PVR Inox among 25 companies to announce earnings on Tuesday
The second quarter earnings season sees the announcement of results from 25 companies, including HDFC Life and HDFC AMC. HDFC Life is expected to report a 17-26% YoY increase in APE, ranging from Rs 3,550 crore to Rs 3,834 crore, with VNB estimated between Rs 900-978 crore.
Stocks in news: RIL, HCL Tech, HDFC Life, PVR Inox, JSW Infra
The domestic brokerage on Monday reported a consolidated net profit at Rs 423 crore in Q2FY25, which was up 39% from Rs 304 crore reported by the company in the year ago period.
Delhi HC appoints arbitrator to settle dispute between PVR INOX, Ansal Plaza Mall over sealed multiplex
The Delhi High Court has appointed an arbitrator to settle a dispute between PVR INOX and Ansal Plaza Mall. PVR INOX's multiplex was sealed due to the lessor's unpaid dues, leading to significant financial losses for the company. The court's intervention aimed to address these grievances through arbitration.
Hot stocks: Brokerage view on Kotak Mahindra Bank, HDFC Bank and PVR Inox
Nuvama advises holding Kotak Bank with a target of Rs 1,650. Despite a NIM decline from higher CoF and less unsecured loans, PAT rose 51% QoQ with a post-tax gain. RBI gaps are being addressed, and the CEO aims for mid-teens growth in unsecured loans.
PVR Inox Q1 Results: Consolidated loss widens to Rs 179 crore, revenue drops 9% YoY
PVR Inox reported a net loss of Rs 179 crore for June 2024 quarter, down from Rs 82 crore in the same quarter of the previous year, with revenue at Rs 1,191 crore and an EBITDA loss of Rs 19.90 crore. Patron count was 3.04 crore with a average ticket price of Rs 235 and Rs 134 F&B spend per head. Elections were said to have caused a 13% drop in releases.
Q1 results today: RIL, Wipro, Paytm among 51 companies to announce earnings on Friday
Q1 results today: Several major companies, including Reliance Industries, Wipro, and Paytm, are set to announce their first quarter results today. Expectations range from profit growth to revenue declines across different sectors. Investors are advised to stay informed and watch out for key updates.
'PVR Inox derisking by making costs variable'
PVR Inox is implementing strategic changes in its multiplex business to mitigate risks and ensure profitability, focusing on revenue sharing, cost optimisation, and debt reduction. The chain plans to shut down non-performing screens, expand food courts, and introduce diverse content to attract more audiences. The company aims to open new screens while navigating challenges such as competition from OTT platforms and economic fluctuations.
Q1 performance for PVR to be quite muted for FY25: Karan Taurani
I think everything sits perfectly well for Kalki. So, the opening definitely is blockbuster. I think the trade and the checks are indicating that the response to this movie so far has been mixed. It is not completely positive or completely negative.
PVR Inox’s fortunes may ride on spectacle films
Kalki 2898 AD brings hope for exhibitors like PVR Inox with a mega budget movie and exciting advance bookings. Analysts predict exceptional box office performance domestically and internationally, setting the stage for increased revenue. PVR Inox's valuation indicates room for growth, driven by its leadership in the entertainment industry.
Taylor Swift, Virat Kohli & BTS: PVR Inox shuffles its box of tricks to stay relevant
PVR Inox shifts strategy with cricket and concerts amid low footfall and revenue in Q4FY24. Despite challenges from elections and IPL, the diversification aims to sustain growth. The cinema chain eyes southern India for screen expansion, banking on regional content's success. Analysts, however, foresee a tough FY25 for PVR amidst operational hurdles.
Devyani International Q4 results: Company reports a loss of Rs 49 crore; revenue rises by 38% YoY
Devyani International, India's largest Pizza Hut and KFC franchise, saw a net loss of Rs 49 crore for Q4 FY24, contrasting with a Rs 60 crore profit a year prior. Therevenue rose 38% while expenses surged by 32%.
PVR Inox Q4 Results: Net loss narrows to Rs 130 crore; revenue jumps 10% YoY
PVR Inox Q4 Results: For the full financial year, the loss reported was Rs 32 crore, down from Rs 335 crore in FY23. The revenue in the said period stood at Rs 6,107 crore, higher than Rs 3,751 crore reported in the year-ago period.
Q4 results today: Bharti Airtel, Patanjali Foods among 97 companies to announce earnings on Tuesday
Bharti Airtel and 96 other companies are set to announce Q4 results. Airtel's expected net profit ranges from Rs 2,201-5,309 crore with revenue projections of Rs 38,736-39,360 crore.
Q4 results today: Zomato, Varun Beverages among 59 companies to announce earnings on Monday
59 companies, including Zomato and Varun Beverages, to reveal Q4 results for March 2024. Jindal Steel, Tube Investments, AB Capital also share earnings. Zomato expects 75% y-o-y revenue growth, 48% q-o-q net profit rise.
Q3 results today: Hindalco Industries, BHEL, IRCTC among 500 companies to announce earnings
On Monday, over 299 companies announced their December quarter earnings which included the likes of NHPC, Coal India, 63 Moons Technologies, Allcargo Logistics, Balmer Lawrie Investments and Galaxy Surfactants.
PVR Inox records Rs 41 crore net profit in Q3
Revenue grew 6.4% from a year in the quarter to Rs 1,569 crore while expenses increased 7.8% to Rs 1,343 crore. Corporate tax fell 78.5% to Rs 14.2 crore from Rs 66.2 crore a year earlier
December 2023 was the best month we have ever has: Ajay Bijli, PVR Inox
The CFO and MD of PVR Inox discuss the Q3 performance and plans going ahead. The decline in profitability was due to the impact of the World Cup in October and November. The Rs 35 crore provision write back was related to the closure of properties. The merger-related revenue benefits and cost synergies are already being extracted. The movie lineup includes films starring Ajay Devgn, Shahid Kapoor, Akshay Kumar, Tiger Shroff, Aamir Khan, and big South movies. The F&B segment has seen growth, and advertising revenue is picking up. India's box office revenue has surpassed pre-Covid levels.
Animal, Salaar help PVR INOX post Q3 revenue at over Rs 15,000 crore
India's largest cinema exhibitor, PVR INOX, on Wednesday reported a consolidated net profit of Rs 12.8 crore in the third quarter of the current fiscal, i.e. FY24. Its revenue from operations stood at Rs 1,545.9 crore in the second quarter of the current fiscal. In the year-ago period, the same was at Rs 940 crore.
PVR Inox Q3 Results: Profit falls 20% to Rs 12.8 crore; revenue up 64%
PVR Inox reported a 20% decline in consolidated profit after tax (PAT) at 12.8 crore in Q3 FY24. Revenue from operations increased 64% YoY to 1,546 crore. The company recorded 36.5 mn admissions with an average ticket price of 271 rupees. PVR Inox continued its growth momentum with 29 new screen openings in the quarter, reducing net debt by 210 crore.
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