PVR Inox reported a net loss of ₹125.3 crore for the fourth quarter (Q4) of FY25, reversing the ₹35.5 crore profit it posted in the previous quarter (Q3).
The loss came as the company’s revenue from operations fell sharply by 27.3% to ₹1,249.8 crore in Q4, down from ₹1,717.3 crore in Q3, according to its filing with the stock exchange.
Box Office Woes Impact Performance
The multiplex operator attributed the financial setback to a weak box office performance caused by an inconsistent film release calendar and underwhelming content.
“FY25 was a challenging year for the box office,” the company stated, citing a 9% drop in gross box office revenue.
PVR Inox pointed to a 14% reduction in film releases, the absence of major star-driven blockbusters, and multiple postponements as key reasons for the poor performance.
Company Embraces Transformation Strategy
Despite the weak financials, Managing Director Ajay Bijli referred to FY25 as a ‘year of transformation’ for PVR Inox.
“It was marked by a renewed focus on innovation and agility. We shifted from being reactive to becoming resilient, emerging as a more agile, future-ready organisation,” Bijli said.
Income And Profit Before Tax Plummet
Total income also dropped by 25.46%, sliding to ₹1,311.2 crore from ₹1,759.1 crore in Q3.
Profit before tax, which stood at ₹46.2 crore in the third quarter, turned into a loss of ₹167.7 crore in Q4.
Net profit attributable to shareholders also plunged into negative territory, showing a loss of ₹125 crore, in contrast to a profit of ₹35.9 crore in Q3.
Cost-Cutting Measures Reduce Expenses
In a positive sign, the company managed to cut its total expenses by 13.67% to ₹1,478.7 crore in Q4, compared to ₹1,712.8 crore in the previous quarter.
This suggests effective cost-control initiatives as part of its strategy to adapt to the challenging market environment.
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