PVR INOX Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
January 31, 2024 at 03:47 am EST
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PVR INOX Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 15,459 million compared to INR 9,400 million a year ago. Revenue was INR 16,047 million compared to INR 9,603 million a year ago. Net income was INR 128 million compared to INR 161 million a year ago. Basic earnings per share from continuing operations was INR 1.3 compared to INR 2.65 a year ago. Diluted earnings per share from continuing operations was INR 1.3 compared to INR 2.61 a year ago.
For the nine months, sales was INR 48,507 million compared to INR 26,074 million a year ago. Revenue was INR 49,582 million compared to INR 26,648 million a year ago. Net income was INR 975 million compared to net loss of INR 17 million a year ago. Basic earnings per share from continuing operations was INR 9.94 compared to basic loss per share from continuing operations of INR 0.28 a year ago. Diluted earnings per share from continuing operations was INR 9.88 compared to diluted loss per share from continuing operations of INR 0.28 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.
PVR INOX LIMITED 
