PVR garners profit of ₹16 cr in Q3 versus losses, revenue sees strong growth
The company posted a net loss of ₹71.23 crore in Q2FY23, which was bigger than expected, compared to ₹153.13 crore in Q2FY22.
PVR announced its third quarter ending December 31, 2022 (Q3FY23) results on Thursday. The leading multiplex operator turned profitable in Q3FY23 by recording PAT to the tune of ₹16.15 crore versus losses of ₹10.18 crore in Q3FY22 and ₹71.23 crore in Q2FY23. PVR witnessed a sharp bounce back from the previous quarter on the back of strong content performance.