Top Stories

PVR Inox's Q2FY24 financial performance review

Oct 19, 2023

By: BlinkX Research Team

In this financial performance review, we delve into the results of PVR Inox for Q2FY24 and analyze key metrics, including revenue, expenses, net profit, and margin.

REVENUE: 
The company reported a total income of ₹2,023 crores for Q2FY24, reflecting a significant year-on-year growth of 188.01%. There was also an increase of 52.22% in comparison Q1FY24.

EXPENSES: 
They also recorded expenses amounting to ₹1,802 crores in Q2FY24. Expenses have grown significantly year-on-year, with a YoY increase of 121.76% compared to ₹812.6 crores in Q2FY23. Further, expenses increased by 25.4% when compared to the previous quarter. This indicates an increased spending by the company.

NET PROFIT: 
The net profit of the company for Q2FY24 was ₹166.3 crores. This represents a substantial increase of 301.09% compared to the preceding quarter, where the net loss was -₹82.7 crores.

MARGINS: 
There is an impressive turnaround in Margins on a year-on-year basis, with margins increasing by 18.41% as the company finally returned a profit. There is also an improvement when compared quarter-on-quarter when the margin was -6.22%. 

In conclusion, PVR Inox's financial performance in Q2FY24 shows a remarkable recovery in net profit, driven by improved margins, despite a challenging year-on-year comparison. The increase in total income also suggests a promising trend.

Stay tuned for more detailed updates on PVR Inox's financial performance in the coming quarters.