PVR Inox jumps despite reporting consolidated net loss of Rs 82 crore in Q1

PVR Inox is currently trading at Rs. 1601.65, up by 35.70 points or 2.28% from its previous closing of Rs. 1565.95 on the BSE.

The scrip opened at Rs. 1585.00 and has touched a high and low of Rs. 1614.10 and Rs. 1570.00 respectively. So far 79641 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 2211.55 on 04-Aug-2022 and a 52 week low of Rs. 1336.50 on 17-May-2023.

Last one week high and low of the scrip stood at Rs. 1614.10 and Rs. 1521.55 respectively. The current market cap of the company is Rs. 15675.80 crore.

The promoters holding in the company stood at 27.61%, while Institutions and Non-Institutions held 59.98% and 12.41% respectively.

PVR Inox has reported results for first quarter ended June 30, 2023 (Q1FY24).

The company has reported net loss at Rs 80.10 crore for the quarter under review as compared to net profit of Rs 58.90 crore for the same quarter in the previous year. However, total income of the company increased by 31.17% at Rs 1290.10 crore for Q1FY24 as compared Rs 983.50 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported net loss at Rs 82.00 crore for the first quarter ended June 30, 2023 as compared to net profit of Rs 53.20 crore for the same quarter in the previous year. However, total income of the company increased by 32.70% at Rs 1329.80 crore for Q1FY24 as compared Rs 1002.10 crore for the corresponding quarter previous year.

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