Q4FY24 Quarterly & FY24 Annual Result Announced for PVR INOX Ltd.
Movies & Entertainment company PVR INOX announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Revenue of Rs 12,904 million, EBITDA of Rs 352 million and PAT loss of Rs -901 million for the quarter Patrons visiting our cinemas : 32.6 million Average ticket price (ATP) of Rs 233 F&B; spend per head (SPH) of Rs 129 33 new screen openings across 6 properties during the quarter As on date PVR INOX operates 360 cinemas with 1,748 screens across 112 cities FY24 Financial Highlights: Revenue of Rs 62,037 million, EBITDA of Rs 8,087 million and PAT of Rs 1,143 million Patrons visiting our cinemas: 151.4 million Average ticket price (ATP) of Rs 259 Average F&B; spend per head (SPH) of Rs 132 Net Debt reduction of Rs 1,364 million 130 new screen openings across 25 properties during the period As on date PVR INOX operates 360 cinemas with 1,748 screens across 112 cities Commenting on the results and performance, Ajay Bijli, Managing Director, PVR INOX, said, "The key strategic priorities as envisaged above, should help the company in charting a new, less capital intensive and incrementally profitable growth path. Our endeavour is to redefine our growth strategy, focus on fixed cost reduction thus improving profitability resulting in enhanced return on capital and free cash flow generation.” Result PDF14-05-2024