The National Bulletin
English

Select Language

हिंदी

  • Latest
  • National
  • World
  • Politics
  • Business
  • Entertainment
  • Education
  • Technology
  • Sports
  • Health
  • Lifestyle
  • Fashion
  • Crime
  • The Arts
  • Latest
  • Viral
  • Breaking
  • Web Story
  • Photos
  • Videos
  • Opinion
  • Home
  • Business
  • PVR INOX announces results for the Quarter & Half Year ended 30th Sep’23...

PVR INOX announces results for the Quarter & Half Year ended 30th Sep’23

Commenting on the results and performance, Mr. Ajay Bijli, Managing Director, PVR INOX Ltd., said, "This quarter’s results underscore the immense potential of the Indian cinema industry, reflecting the unsatiated appetite of Indian consumers to watch films across languages on the big screen.”

  • By TNB Bureau
  • - Oct 20, 2023 11:29 AM
  • Share:
PVR INOX announces results for the Quarter & Half Year ended 30th Sep’23

Gurugram : PVR INOX Limited today announced its unaudited consolidated financial results for the quarter and half year ended September 30, 2023.

As the PVR INOX merger became effective from 6th February 2023; Q2 FY’24 & H1 FY’24 results for the company are reported on a merged basis for PVR and INOX and are not comparable with earlier periods. The previous year numbers mentioned in the release are proforma PVR + INOX combined.

Q2 FY’24 was the best every quarter of all time for PVR INOX Limited in terms of Admissions, ATP and SPH leading to highest ever Revenue, EBITDA and PAT.

During the quarter, admissions surged by 64% to 48.4 mn from 29.6 million in Q2 FY’23. Similarly, ATP and SPH witnessed YoY growth of 25% and 15%, reaching INR 276 and INR 136 respectively compared to INR 221 and INR 118 in Q2 FY’23. This robust performance led to a 109% increase in ticket sales, an 89% rise in Food & Beverage sales, and a 41% boost in Ad sales when compared to proforma figures from Q2 FY’23.

The biggest highlight of the quarter was the record-breaking performance of the Hindi box office. 'Jawan' and 'Gadar 2' ranked amongst the highest-grossing Hindi films of all time, amassing over 750+ crores and 620+ crores at the box office. They were complemented by solid performance of mid budget movies, with ‘Rocky aur Rani ki Prem Kahani’ and ‘Oh my God 2’ grossing 150+ crs and ‘Dream Girl 2’ crossing the 100-crore mark. ‘Fukrey 3’ released near quarter end, also crossed 100 crore at the box office.

In Hollywood, 'Oppenheimer' and 'Mission Impossible: Dead Reckoning Part 1' set a fantastic tone, grossing 150+ crores and 130+ crores in India. 'Barbie' and 'Nun II' also performed well, crossing the 50+ crore mark. On the regional front, 'Jailer (Tamil),' featuring Rajinikanth, stood out with an impressive box office collection of over 390 crores. Other regional successes such as 'Baipan Bhari Deva (Marathi)' and 'Carry on Jatta 3 (Punjabi)' secured substantial earnings, reaching 90+ crores and 44+ crores, respectively.

In the upcoming months, we are highly optimistic about the content lineup across various languages. This includes eagerly awaited Hindi releases like 'Tiger 3', 'Animal', 'Sam Bahadur', 'Yodha' and 'Dunki'. Hollywood enthusiasts can look forward to 'Killers of the Flower Moon,' 'The Marvels,' 'Taylor Swift's The Eras Tour Movie,' 'Napoleon,' 'Wonka' and 'Aquaman and the Lost Kingdom'. Additionally, regional cinema offers compelling releases such as 'Leo', 'Tiger Nageswara Rao', 'Captain Miller', 'Salaar' and more. We are excited to bring a diverse and captivating cinematic experience to our audience in the months ahead.

Following our recent merger, we have been diligently working to realize the full potential of this strategic union. We are pleased to report that the integration process has been progressing seamlessly, yielding substantial operational efficiencies.

PVR INOX continues its strong growth momentum, with 37 new screens openings in 7 cinemas during the quarter and a total of 68 new screens in 12 cinemas in H1 FY’24. By exiting

33 underperforming screens during H1 FY’24, we continue to focus on profitable expansion. We're 3 firmly on track to open a total of 150-160 new screens in FY’24, and will fund this growth through internal accruals. Currently, our screen portfolio includes 1,702 screens in 358 cinemas across 115 cities in India and Sri Lanka.

Thanks to the robust financial performance and substantial free cash flow generation, we've successfully reduced our net debt by INR 3,276 million in H1’FY24. This achievement firmly positions us on the path to achieving a free cash flow positive status by the end of FY’24.


For breaking news and live news updates, like us on Facebook or follow us on Twitter and Instagram. Read more on Latest Business News on The National Bulletin

Subscribe to our YouTube Channel: Subscribe

Subscribe Our Newsletter

Most Popular

No Kashmir Mediation, Only PoK Return on Tabl...

  • By Yati Gupta
  • - May 11, 2025

Happy Women’s Day 2025: Wishes, Quotes, Image...

  • By Kankana Arora
  • - Mar 06, 2025

Katrina Kaif Dances to ‘Sasural Genda Phool’ ...

  • By Kankana Arora
  • - Mar 06, 2025

Saif Ali Khan Attacker? Colaba Resident Loses...

  • By Kankana Arora
  • - Jan 26, 2025

Massive Fire at Maha Kumbh After Cylinder Bla...

  • By Kankana Arora
  • - Jan 19, 2025

Saif Ali Khan Stabbing Case: 48 Hours On, 30 ...

  • By Kankana Arora
  • - Jan 18, 2025

Latest News

  • How Mumbai is Preparing for Ganeshotsav 2025: Night Buses, S...
    • By Kankana Arora
    • - Aug 22, 2025
  • Trump’s Trade Advisor Targets India Over Russian Oil: ‘Mahar...
    • By Kankana Arora
    • - Aug 22, 2025
  • Numerology Horoscope Today, August 22, 2025: Heal, Love & Be...
    • By Kankana Arora
    • - Aug 22, 2025
  • Delhi Metro Link for IGI Airport’s T1 & T3 Moves Ahead...
    • By Kankana Arora
    • - Aug 22, 2025
  • View All

Videos

More Videos

find us on facebook

twitter feed

Tweets by TheNationalBul1
The National Bulletin
  • info@thenationalbulletin.in
  • www.thenationalbulletin.in
  • +91 8447-3246-93

recent post

  • How Mumbai is Preparing for Ganeshotsav 2025: Night Buses, S...
    • By Kankana Arora
    • - Aug 22, 2025
  • Trump’s Trade Advisor Targets India Over Russian Oil: ‘Mahar...
    • By Kankana Arora
    • - Aug 22, 2025
  • Numerology Horoscope Today, August 22, 2025: Heal, Love & Be...
    • By Kankana Arora
    • - Aug 22, 2025
  • Delhi Metro Link for IGI Airport’s T1 & T3 Moves Ahead...
    • By Kankana Arora
    • - Aug 22, 2025

quick links

  • About Us
  • National News
  • World Updates
  • Politics Update
  • Business Related
  • Entertainment
  • Education Related
  • Technology Updates
  • Sports Updates
  • Headlines
  • YouTube Videos

Subscribe Our Newsletter

Enter your email here

Stay Connected With Us

Book Your Ad

© NEWS TNB PVT. LTD.
By Designed With ITiansWeb 

Visitors : 2028665
The National Bulletin
  • Latest
  • Home
  • National
  • World
  • Politics
  • Business
  • Entertainment
  • Education
  • Technology
  • Sports
  • Health
  • Lifestyle
  • Fashion
  • Crime
  • The Arts
  • Breaking
  • Web Story
  • Photos
  • Videos

All right reserved by TheNationalBulletin By Designed With ITiansWeb