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PVR back in red, posts Rs 71-crore loss in Q2 amid Bollywood flop show

The September quarter had no major blockbuster apart from Brahmastra

On Thursday, PVR Saket reopened after a plush makeover as a legacy property.
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PVR had reported a net profit of Rs 53.4 crore in the June quarter, supported by blockbusters such as KGF:Chapter 2, RRR, Bhool Bhulaiya 2, Dr. Strange 2, and Vikram (Tamil)

Viveat Susan Pinto Mumbai
Multiplex operator PVR on Monday reported a net loss of Rs 71.23 crore for the quarter ended September 30, 2022, which was more than what analysts had expected for the period. Bloomberg consensus estimates had pegged net loss at Rs 49.8 crore for the period amid a poor showing by Bollywood.

While net loss was higher in the year-ago quarter at Rs 153.1 crore, this was a period when cinemas saw a slump in business owing to Covid-19 related restrictions. PVR had reported a net profit of Rs 53.4 crore in the June quarter, supported by blockbusters such as KGF:Chapter

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First Published: Oct 17 2022 | 8:45 PM IST

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