PVR Inox shares fall over 2 pc after Q4 earnings

During the day, it fell 4.12 per cent to hit its 52-week low of Rs 1,404.At the NSE, it dipped 2.16 per cent to end at Rs 1,433.30.The company had posted a net loss of Rs 105.49 crore in the January-March period a year ago, PVR Inox said in a regulatory filing on Monday.Its revenue from operations was at Rs 1,143.17 crore during the quarter under review.

Shares of PVR Inox Ltd (earlier known as PVR Ltd) on Tuesday fell by over 2 per cent after the company reported a consolidated net loss of Rs 333.99 crore for the fourth quarter that ended on March 31, 2023.

The stock declined 2 per cent to settle at Rs 1,435.15 on the BSE. During the day, it fell 4.12 per cent to hit its 52-week low of Rs 1,404.

At the NSE, it dipped 2.16 per cent to end at Rs 1,433.30.

The company had posted a net loss of Rs 105.49 crore in the January-March period a year ago, PVR Inox said in a regulatory filing on Monday.

Its revenue from operations was at Rs 1,143.17 crore during the quarter under review. It was Rs 536.17 crore in the year-ago period.

During the quarter ending March 2023, two leading cinema exhibitors PVR Ltd and INOX Leisure merged and created a new identity PVR Inox Ltd.

The merger was effective from February 6, 2023, hence the results are not comparable, it said.

''Q4 FY23 results for the company are reported on a merged basis for PVR and INOX and are not comparable with Q4 FY22 reported results. Similarly, FY23 full year results are based on 9-month numbers for PVR and 4th quarter numbers for PVR & INOX combined making them not comparable with FY22 reported results,'' it said.