PVR Inox reported a consolidated net loss of $11.8 crore for the quarter ended September 30, 2024 vs. $Profits of Rs 166.3 million were reported in the same period last year. Income from operations stood at $1622.1 crore for the July-September quarter, which was almost 19% less than $1,999.9 crore reported in the corresponding quarter of the previous financial year.
Total consolidated revenues for the quarter ended in September amounted to $1,663.9 crore, about 18% less than $2,023.7 crore reported in the corresponding quarter of the previous financial year (Q2FY24).
The company’s expenses in the September quarter amounted to $1,678.6 million rupees, 6.8% less than $1,802 crore in Q2FY24.
After the announcement of the second quarter results, the PVR Inox share price rose marginally. At 13:55 IST, PVR Inox share price was trading at $1,618.05, 1.97% more than the BSE. The PVR Inox share price opened today at $1,605.75 per share, the stock reached an intraday high of $1,645, and an intraday low of $1,578.95.
“The stock is in a short-term corrective phase but the broader trend remains positive and hence one should look to buy on dips. Support is seen in the range of $1,530-1,500,” said Ruchit Jain, senior research analyst at 5paisa.
Further, Vishal Kashyap Mahadevia has been approved by the board of directors as additional director and appointed as independent director on the board of directors of the company for a period of five years with effect from October 22, 2024.
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