PVR Inox net profit slumps 20% to Rs 12.8 crore in Q3 on a dull box office
Wed, Jan 31, 2024 3:30 PM

PVR Inox net profit slumps 20% to Rs 12.8 crore in Q3 on a dull box office

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PVR Inox, India's largest multiplex chain, reported a 20% drop in net profit to Rs 12.8 crore due to fewer hits and decline in theatrical box office revenue. Revenue for the December quarter was Rs 1545.9 crore, lower than the previous quarter but in line with analyst expectations. Industry-wide box office collections also declined by 22%, with weak content being a major factor.

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