PVR INOX LTD Q2 RESULTS
Q1 results shocker: 40 companies report more than 50% drop in profit
The profits of 40 Indian companies have plummeted by more than 50% in the June quarter, primarily due to higher raw material costs and unfavorable base effects. Notable names like Allcargo Logistics and Rajesh Exports saw drastic declines. Analysts suggest cautious investment strategies amid high market valuations and slowing profit growth.
Inox Wind shares jump 36% in 2 days. Here’s why
Shares of Inox Wind rallied 35% in two days, making a new all-time high of Rs 237 in Tuesday’s session on BSE after the company on Friday announced its Q1 results wherein it turned profitable on a YoY basis.
Inox Wind shares skyrocket 20% to fresh high after posting Rs 50 crore Q1 profit
Inox Wind Share Price: Shares of Inox Wind zoomed to lock at an upper circuit of 20% to its fresh all-time high of Rs 209 after the company posted a profit of Rs 50 crore in the June quarter against a loss of Rs 65 crore in the corresponding quarter of the last year.
Inox Wind Q1 Results: Company posts Rs 47 crore profit versus loss a year ago
During the quarter, revenue from operations jumped 83% to Rs 638 crore. Consolidated Ebitda was up four times to Rs 157 crore against Rs 35 crore in the first quarter of the last fiscal year.
Inox Green Energy Services Q1 Results: Profit jumps 55% YoY to Rs 4.14 cr
Inox Green Energy Services is a subsidiary of Inox Wind Limited (IWL) which is India's leading wind energy solutions provider catering to independent power producers, utilities, public sector units and corporate investors
Delhi HC appoints arbitrator to settle dispute between PVR INOX, Ansal Plaza Mall over sealed multiplex
The Delhi High Court has appointed an arbitrator to settle a dispute between PVR INOX and Ansal Plaza Mall. PVR INOX's multiplex was sealed due to the lessor's unpaid dues, leading to significant financial losses for the company. The court's intervention aimed to address these grievances through arbitration.
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Discussions on 8-week consistent theatrical window positive, says PVR Inox MD
Cinema exhibitors and film producers are exploring a unified eight-week theatrical window for both north and south India, with discussions also considering further extensions to safeguard box office revenues, according to PVR Inox MD Ajay Bijli.
Discussions on 8-week consistent theatrical window positive, says PVR Inox MD
Cinema exhibitors and film producers in India are in discussions to standardize a consistent eight-week theatrical window across both north and south India. They are also considering extending this period to safeguard box office revenues. This development was revealed by PVR Inox MD Ajay Bijli during the company's Q1 earnings call.
Hot stocks: Brokerage view on Kotak Mahindra Bank, HDFC Bank and PVR Inox
Nuvama advises holding Kotak Bank with a target of Rs 1,650. Despite a NIM decline from higher CoF and less unsecured loans, PAT rose 51% QoQ with a post-tax gain. RBI gaps are being addressed, and the CEO aims for mid-teens growth in unsecured loans.
PVR Inox Q1 Results: Consolidated loss widens to Rs 179 crore, revenue drops 9% YoY
PVR Inox reported a net loss of Rs 179 crore for June 2024 quarter, down from Rs 82 crore in the same quarter of the previous year, with revenue at Rs 1,191 crore and an EBITDA loss of Rs 19.90 crore. Patron count was 3.04 crore with a average ticket price of Rs 235 and Rs 134 F&B spend per head. Elections were said to have caused a 13% drop in releases.
Q1 results today: RIL, Wipro, Paytm among 51 companies to announce earnings on Friday
Q1 results today: Several major companies, including Reliance Industries, Wipro, and Paytm, are set to announce their first quarter results today. Expectations range from profit growth to revenue declines across different sectors. Investors are advised to stay informed and watch out for key updates.
Q1 results this week: RIL, Paytm, Infosys, Jio Financial among 418 companies to announce quarterly earnings
Several widely followed companies, including Jio Financial, Paytm, Bajaj Auto, Asian Paints, LTIMindtree, Infosys, Reliance Industries, Wipro, Union Bank of India, Kotak Mahindra Bank, Tanla Platform, Tata Technologies, and YES Bank, will be releasing their June quarter report cards this week.
'PVR Inox derisking by making costs variable'
PVR Inox is implementing strategic changes in its multiplex business to mitigate risks and ensure profitability, focusing on revenue sharing, cost optimisation, and debt reduction. The chain plans to shut down non-performing screens, expand food courts, and introduce diverse content to attract more audiences. The company aims to open new screens while navigating challenges such as competition from OTT platforms and economic fluctuations.
Q1 performance for PVR to be quite muted for FY25: Karan Taurani
I think everything sits perfectly well for Kalki. So, the opening definitely is blockbuster. I think the trade and the checks are indicating that the response to this movie so far has been mixed. It is not completely positive or completely negative.
PVR Inox’s fortunes may ride on spectacle films
Kalki 2898 AD brings hope for exhibitors like PVR Inox with a mega budget movie and exciting advance bookings. Analysts predict exceptional box office performance domestically and internationally, setting the stage for increased revenue. PVR Inox's valuation indicates room for growth, driven by its leadership in the entertainment industry.
Taylor Swift, Virat Kohli & BTS: PVR Inox shuffles its box of tricks to stay relevant
PVR Inox shifts strategy with cricket and concerts amid low footfall and revenue in Q4FY24. Despite challenges from elections and IPL, the diversification aims to sustain growth. The cinema chain eyes southern India for screen expansion, banking on regional content's success. Analysts, however, foresee a tough FY25 for PVR amidst operational hurdles.
18 companies turned profitable in Q4 after 3 straight quarterly losses. Worth buying?
18 companies including BHEL, Centrum Capital, Inox Wind, Piramal Pharma, SAMHI Hotels, and Sterling and Wilson turned profitable in Q4 after consecutive losses. Sagar Cements reported a profit of Rs 11.59 crore. Inox Wind Energy recorded a profit of Rs 38.8 crore. Analysts expect India Inc earnings to grow by 12% for FY25.
Mazagon Dock Q4 Results: PAT skyrockets 103% YoY to Rs 663 crore, revenue jumps 49%
On a sequential basis, the PAT was higher by 5.7%. The consolidated revenue from operations stood at Rs 3,104 crore in the reported quarter. It was Rs 2,079 crore in the year-ago period. The government-owned shipbuilding company declared a final dividend of Rs 12.11 per share for the year ended March 31.
Inox Wind shares dip 18% in last 2 days. What’s wrong?
Following the sale of a 5% stake by the promoter entity, shares of the high-performing stock Inox Wind experienced an 18% decline over the last two days, reaching the day's low of Rs 134 on the BSE on Wednesday.
DOMS shares rally 10% to fresh all-time high after Q4 results; brokerages increase target up to Rs 2,121
DOMS Industries witnessed a remarkable surge of 10% in its shares on Tuesday on the BSE, reaching a new all-time high of Rs 2,035. This surge followed the company's announcement of a 29.6% year-on-year (YoY) increase in its Q4 profit after tax (PAT), which amounted to Rs 46.93 crore.
Buy PVR INOX, target price Rs 1650: Emkay Global Financial Services
We reduce our target multiple to 11.5x (from 12.5x) to factor in inconsistent content delivery and volatility in the movies’ supply, as structural issues persist resulting in lower occupancies. We have also cut our FY25-26E EBITDA by 5-10% factoring in the Q4 performance, weaker near-term pipeline, and a more calibrated screen opening guidance (and screen closures).
Devyani International Q4 results: Company reports a loss of Rs 49 crore; revenue rises by 38% YoY
Devyani International, India's largest Pizza Hut and KFC franchise, saw a net loss of Rs 49 crore for Q4 FY24, contrasting with a Rs 60 crore profit a year prior. Therevenue rose 38% while expenses surged by 32%.
PVR Inox Q4 Results: Net loss narrows to Rs 130 crore; revenue jumps 10% YoY
PVR Inox Q4 Results: For the full financial year, the loss reported was Rs 32 crore, down from Rs 335 crore in FY23. The revenue in the said period stood at Rs 6,107 crore, higher than Rs 3,751 crore reported in the year-ago period.
Q4 results today: Bharti Airtel, Patanjali Foods among 97 companies to announce earnings on Tuesday
Bharti Airtel and 96 other companies are set to announce Q4 results. Airtel's expected net profit ranges from Rs 2,201-5,309 crore with revenue projections of Rs 38,736-39,360 crore.
Stocks in news: Bharti Airtel, Bharti Hexacom, Patanjali Foods, Zomato, Shriram Finance, TCS, Vedanta
Shares of Bharti Airtel, Shree Cements, Patanjali Foods, Devyani and PVR Inox will be in focus as the companies will announce their fourth quarter results today.
Q4 results today: Zomato, Varun Beverages among 59 companies to announce earnings on Monday
59 companies, including Zomato and Varun Beverages, to reveal Q4 results for March 2024. Jindal Steel, Tube Investments, AB Capital also share earnings. Zomato expects 75% y-o-y revenue growth, 48% q-o-q net profit rise.
PVR Inox records Rs 41 crore net profit in Q3
Revenue grew 6.4% from a year in the quarter to Rs 1,569 crore while expenses increased 7.8% to Rs 1,343 crore. Corporate tax fell 78.5% to Rs 14.2 crore from Rs 66.2 crore a year earlier
December 2023 was the best month we have ever has: Ajay Bijli, PVR Inox
The CFO and MD of PVR Inox discuss the Q3 performance and plans going ahead. The decline in profitability was due to the impact of the World Cup in October and November. The Rs 35 crore provision write back was related to the closure of properties. The merger-related revenue benefits and cost synergies are already being extracted. The movie lineup includes films starring Ajay Devgn, Shahid Kapoor, Akshay Kumar, Tiger Shroff, Aamir Khan, and big South movies. The F&B segment has seen growth, and advertising revenue is picking up. India's box office revenue has surpassed pre-Covid levels.
PVR Inox Q3 Results: Profit falls 20% to Rs 12.8 crore; revenue up 64%
PVR Inox reported a 20% decline in consolidated profit after tax (PAT) at 12.8 crore in Q3 FY24. Revenue from operations increased 64% YoY to 1,546 crore. The company recorded 36.5 mn admissions with an average ticket price of 271 rupees. PVR Inox continued its growth momentum with 29 new screen openings in the quarter, reducing net debt by 210 crore.
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