Pvr inox Q3 results: PVR Iinox’s net profit has increased by 177 % in the December quarter of the current financial year. The largest company in the country, which ran the multiplex chain, said that it made a profit of Rs 36 crore in the December quarter, which was Rs 13 crore in the same quarter last year. Earlier, the company was in loss for two consecutive quarters. The company’s revenue rose 11 per cent to Rs 1,717.3 crore in the December quarter, which stood at Rs 1,545.9 crore in the same quarter last year.
PVR-Iinox reported that it has added 77 new screens in the current financial year and shut down 67 screens with weak performance. The company has targeted to add 100 to 110 new screens throughout the financial year. Currently, the company has 1.728 screens in around 350 cinema halls in India and Sri Lanka.
The company has signed 100 new screens under the new ‘Capital Light’ growth model. This screen is expected to come in the next 2-3 years. Of these, 31 screen are under the ‘Management Contract’ model, and 69 are under ‘Asset Light Model’.
Around 2.45 pm, PVR-Iinox shares were trading at a price of Rs 1,121.95 with a decline of 0.92 per cent on NSE. So far this year, the company’s shares have fallen by about 14.83 percent. At the same time, in the last one year, it has given negative returns of about 20 percent. The company’s current market cap is Rs 1,050 crore.
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