PVR Inox Ltd. is India’s largest and most premium film exhibition Company. It pioneered the multiplex revolution in India by establishing the first multiplex cinema in 1997 at New Delhi and continue to lead the market with relentless focus on innovation and operational excellence to democratise big‑screen movie experience. The merger between the two companies makes them by far the largest firm in this segment.
The Earnings webcast for PVR Inox Ltd Q1FY24 Results is scheduled for 1st August 2023 at 15:30 Hrs IST.
Listen to PVR Inox Ltd Q1FY24 Earnings Call Live and Read the Real-Time Transcript
Investors should expect PVR Inox’s Q1FY24 results to fall short of expectations owing to the ongoing poor performance of Bollywood films.
In Q1FY24, national box office receipts for Bollywood products, including Hindi-dubbed movies, decreased by 20% sequentially and 28% annually (YoY). This is according to a study by Prabhudas Lilladher.