PVR Inox: December 2023 was the best month we have ever has: Ajay Bijli, PVR Inox
The CFO and MD of PVR Inox discuss the Q3 performance and plans going ahead. The decline in profitability was due to the impact of the World Cup in October and November. The Rs 35 crore provision write back was related to the closure of properties. The merger-related revenue benefits and cost synergies are already being extracted. The movie lineup includes films starring Ajay Devgn, Shahid Kapoor, Akshay Kumar, Tiger Shroff, Aamir Khan, and big South movies. The F&B segment has seen growth, and advertising revenue is picking up. India's box office revenue has surpassed pre-Covid levels.
Source: indiatimes.com