Total revenue in the reported quarter stood at Rs. 1,219 crore as against Rs. 1,330 crore was 8.3% less than that.
The above income and loss figures are as per Ind AS accounting standards.
Net loss in Q1FY25 was Rs. 137 crore as against adjusted for IND AS 116 accounting standard in Q1FY24 Rs. 441 crore, the company said in a filing.
Meanwhile, in Q1 of FY24, Rs. Revenue has come down from 1,324 crores to around 1,209 crores. The multiplex chain operator also paid Rs. 19.90 crore reported an EBITDA loss.
The company’s expenses in the reported quarter stood at Rs. 1,458 crore which in Q4 FY24 was Rs. 1,481 crore, but in Q1 FY24 at Rs. 1,438 crores.
Patrons visiting its cinemas in the above quarter stood at Rs 3.04 crore with an average ticket price (ATP) of Rs. 235 was. Food and Beverages (F&B) Per Capita Expenditure (SPH) Rs. was 134. The company added 50 new screens across 7 properties. during the quarter. As of today PVR INOX operates 361 cinemas with 1,754 screens. in 113 cities.
“The quarter started on a soft note, impacted by the general elections in April and May, the second longest election in India’s history at 44 days. This prompted many producers to postpone film releases, resulting in a 13% decline. .number of releases in the quarter compared to the first quarter of last year,” the company said in a filing to the exchanges.
The number of blockbusters also fell sharply in the quarter, with only three films grossing Rs. 100 crore mark has been crossed.
In addition, last year’s writer and actor strike affected Hollywood releases, the filing said.
On the outlook, PVR Inox said it expects a significant improvement in the Hollywood line-up in the second half of FY2025.
June was the strongest month of the quarter, with both small and big budget films doing well. The horror comedy film ‘Munjya’ earned more than 110 crores. ‘Chandu Champion’, a biopic on India’s first Paralympic gold medalist Murlikant Petkar, grossed 75+ crores.
On June 27, ‘Kalki’ became the biggest movie of the year, contributing nearly 16% to the quarterly box office in just four days and grossing over 1000 crores globally so far.
“This suggests that audience appetite for good-quality content remains intact regardless of film size and star cast.”
Earnings were announced after market hours and the shares traded on the NSE at Rs. 16.20 or 1.15% to end at 1,396.
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