PVR Inox, the market leader in multiplex chains, posted a net loss of ₹125.3 crore for the fourth quarter of FY25, a sharp fall from the ₹35.5 crore profit it had posted in the previous quarter.
The financial loss was primarily fueled by a significant fall in both revenue and overall income, as per the company's recent filing with the stock exchanges.
Operational income in Q4 declined sharply by 27.3% to ₹1,249.8 crore compared to ₹1,717.3 crore in Q3.
"FY25 was a tough year for the box office, mainly because of an uneven film release schedule and lackluster content. This resulted in a 9 per cent decline in gross box office revenue for the company," the company said in its filing.
The multiplex chain pointed to a 14% drop in the number of film releases, fewer big-star-headlined successes, and continual postponement of planned openings as being key reasons for its underperformance.
In spite of the tough quarter, Managing Director Ajay Bijli put a more positive spin on the company's progress throughout the year.
It was characterised by a deeper emphasis on agility and innovation. We transitioned from reactive to resilient, resulting in a leaner, agile, future-forward organisation," he added.
Aggregate income during the quarter declined 25.46% to ₹1,311.2 crore from ₹1,759.1 crore during Q3. The profit before tax of the company, having been ₹46.2 crore in the preceding quarter, came down as an adverse profit of ₹167.7 crore.
The net profit of the shareholders also suffered, falling into the red with a ₹125 crore loss in Q4, from a ₹35.9 crore profit in Q3.
On the bright side, PVR Inox managed to reduce its spending for the quarter. The overall expenses of the company fell by 13.67%, from ₹1,712.8 crore in Q3 to ₹1,478.7 crore in Q4 — indicating efforts to adopt efficient cost-cutting measures.
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