PVR Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2022
October 17, 2022 at 10:08 am
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PVR Limited reported earnings results for the second quarter and six months ended September 30, 2022. For the second quarter, the company reported sales was INR 6,867.2 million compared to INR 1,203.2 million a year ago. Revenue was INR 7,031.3 million compared to INR 2,732.1 million a year ago. Net loss was INR 712.3 million compared to INR 1,531.3 million a year ago. Basic loss per share from continuing operations was INR 11.7 compared to INR 25.19 a year ago.
For the six months, sales was INR 16,681.2 million compared to INR 1,797.1 million a year ago. Revenue was INR 17,033.9 million compared to INR 3,677.6 million a year ago. Net loss was INR 178.5 million compared to INR 3,725.7 million a year ago. Basic loss per share from continuing operations was INR 2.93 compared to INR 61.31 a year ago.
PVR INOX Limited is a film exhibition company in India with approximately 1713 screens across 362 properties in 115 cities in India and Sri Lanka. The Company is engaged in the business of movie exhibition, distribution and production and also in-house advertising, sale of food and beverages (F&B), gaming and restaurant business. It is involved in the theatrical exhibition business and allied activities under brand, PVR INOX. It offers features, such as premium large formats (PLF) for a wider viewing area through formats like BigPix, ScreenX, P[XL]. The Company also prioritize sound and electroacoustic enhancements to deliver an audio-visual journey through IMAX, ICE, 4DX, MX4D, and Onyx. Its other brands include Insignia, Director's Cut and Luxe. It offers a range of F&B options catering to diverse tastes, from gourmet delights to healthier alternatives. Its subsidiaries include PVR Pictures Limited, Shouri Properties Private Limited, Zea Maize Private Limited and PVR Lanka Limited.