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Multiplex chains that have seen a slide in their business in recent months are trying to convince mall developers to agree to a partnership model where they can co-invest in new theatres. Revenue terms are also being renegotiated, and chains want to share revenue based on how well a film does.
In FY24, PVR Inox opened 130 screens and shut down 85 with net additions of 45 screens. The exhibitor will shut down around 70 screens with net additions of 50-60 in FY25
IIFL Finance and Paytm are two stocks that have plunged 27 per cent and 37 per cent, respectively, in 2024 so far. But the retail holding in the two tocks went up sequentially by 185 basis points and 168 basis points, respectively.
Soni Patnaik, Assistant Vice-President – Derivatives Research at JM Financial, on Thursday selected PVR Inox Ltd as one of his top picks for the day.
India Business News: PVR INOX reported a consolidated net profit of Rs 12.8 crore in Q3, compared to Rs 165 crore in the same period last year. Its revenue from operations