PVR INOX logs Rs 81.6-cr net loss

NEW DELHI: Leading cinema exhibitor PVR INOX on Tuesday reported a consolidated net loss of Rs 81.6 crore for the June quarter. The company, earlier known as PVR Ltd, posted a net profit of Rs 53.4 crore in the April-June period a year ago, according to a regulatory filing. Its revenue from operations stood at Rs 1,304.9 crore in the first quarter of the current fiscal. In the year-ago period, the same was at Rs 981.4 crore. "As the appointed date for the PVR INOX merger was January 1, 2023; Q4 2022-23 & Q1 2023-24 results for the company are reported on a merged basis for PVR and INOX and are not comparable with Q1 2022-23," PVR INOX said in an earnings statement.