PVR Inox, on 19 October, announced its quarterly report for the July-September quarter. The multiplex chain reported a net profit of Rs 166.3 crore against the Rs 81.6 crore net loss reported in the June quarter of the current fiscal year.

The company reported a revenue of Rs 1,999.9 crore for the quarter under review against the Rs 1,304.9 crore recorded in Q1 of the same fiscal year.

The company’s EBITDA was at Rs 706.8 core for Q2FY24 against the Rs 497 crore reported in the corresponding quarter of the same financial year. The margins expanded by 830 basis points on a quarter-on-quarter basis to 35.3% against the 26.5% recorded in June quarter FY24.

The company said that they had opened 37 new screens across seven properties during the July-September quarter.

In its regulatory filing, the company said, “We’re firmly on track to open a total of 150-160 new screens in FY24 and will fund this growth through internal accruals. Currently, our screen portfolio includes 1,702 screens in 358 cinemas across 115 cities in India and Sri Lanka.”

The quarter ending on 30 September was the best quarter so far for the company, reporting the highest footfalls of 4.84 crore. The average ticket price also witnessed a growth of 25% to Rs 276 against Rs 221, whereas the spend per head increased by 15% to Rs 136 per head against the Rs 118 per head recorded in the previous quarter of the same financial year.