Revenue from operations jumped 64.46% to Rs 1,545.9 crore in the quarter ended 31 December 2023 as compared Ts Rs 940 crore recorded in corresponding period in the previous year. Total income in Q3 FY24 was at Rs 1,604.7 crore, registering a growth of 67.10% from Rs 960.3 crore posted in Q3 FY23. Profit before tax declined 32.95% to Rs 17.5 crore in December 2023 quater compared from Rs 26.1 crore recorded in the corresponding quarter last year. EBITDA stood at Rs 531.2 crore in Q3 FY24, registering a growth of 9.54% YoY. EBITDA margin improved at 33.1% in Q3 FY24 as against 32.7% posted in Q3 FY23. As the PVR INOX merger became effective from 6th February 2023, Q3 FY24 & 9M FY24 reported results for the company are not comparable with earlier periods. The previous year numbers mentioned below are on a proforma PVR + INOX combined basis for like to like comparison. During the quarter, the company recorded 36.5 million admissions with an ATP of Rs 271 (YoY growth of 14%) and F&B spend per head (SPH) of Rs 132 (YoY growth of 8%). This led to a 14% increase in ticket sales, an 8% rise in food & beverage sales, and a 23% boost in Ad sales when compared to proforma figures from Q3 FY23. ?PVR INOX continues its strong growth momentum, with 29 new screens openings in 7 cinemas during the quarter and a total of 97 new screens in 19 cinemas in 9M FY24. By exiting 62 underperforming screens during 9M FY24, we continue to focus on profitable expansion. We're firmly on track to open a total of 160-170 new screens in FY?24, and will fund this growth through internal accruals. Currently, our screen portfolio includes 1,712 screens in 360 cinemas across 113 cities in India and Sri Lanka,? the company stated in exchange filing. Ajay Bijli, managing director, PVR INOX, said, The Indian box office witnessed a notable 12% increase, reaching Rs 12,226.0 crore in 2023, compared to Rs 10,948.0 crore in 2019. In 2023, the Hindi box office experienced a remarkable comeback boasting 4 highest-grossing Hindi films of all time each surpassing the Rs 5,00 crore marks. Besides, a diverse range of mid-scale movies across different languages showcased robust performances at the box office. These statistics underscore the resilience of the Indian cinema industry as a preferred medium of entertainment. We expect even greater and more impressive results from this industry in the coming years.? PVR INOX is engaged in the business of movie exhibition & production and operates largest cinema circuit across India. The company earns revenue from sale of movie tickets, in-cinema advertisements/product displays and sale of food and beverages and restaurant business. Shares of PVR INOX shed 0.47% to Rs 1,455 on the BSE. Powered by Capital Market - Live News |