PVR Inox's Q2FY24 financial performance review
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.
| Particulars | Q2FY23 | (Y-o-Y) % change | Q1FY24 | (Q-o-Q) % change | Q2FY24 |
| Total Income (₹crs.) | 702.4 | 188.01 | 1329 | 52.22 | 2023 |
| Expenses (₹crs.) | 812.6 | 121.76 | 1437 | 25.4 | 1802 |
| Net Profit (₹crs.) | -71.6 | -332.26 | -82.7 | -301.09 | 166.3 |
| Margin (%) | -10.19 | 18.41 | -6.22 | 14.44 | 8.22 |
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.