Why did the company do this?
The PVR says that it wants to maximize its returns by optimizing its resources. That is, this is a strategy to increase income by using the company's resources properly. The company wants to do this under the capital light model. capital light model is a model under which a company reduces the amount of capital invested. Apart from this, the company has also decided that compared to the last financial year, the company's expenses will also be reduced by 25 percent.
The company suffered losses, but still there is a ray of hope
The company said that the company suffered a consolidated loss of Rs 130 crore in the fourth quarter of the financial year 2023-24, which was less as compared to the financial year 2022-23, because then the loss was Rs 333 crore. There has also been improvement in operating revenue, which has increased from Rs 1143 crore to Rs 1256 crore. The loss of the company has also reduced from Rs 335 crore to only Rs 32 crore in 2024 as compared to the financial year 2023. Whereas the revenue growth has increased from Rs 3751 crore to Rs 6107 crore. According to the company, the last quarter ending march 31, 2024 was the weakest quarter of the last financial year.
How much did bollywood perform in which quarter?
According to Money Control, the first quarter of the financial year 2023-24 had a slow start. Due to the average performance of hindi films, the loss for this quarter was Rs 44.1 crore. However, in the second quarter, Shahrukh's Jawan and Sunny Deol's Gadar 2 brought life to the cinema halls. Although good days started, this period did not last long. There was a 20 percent decline in profit in the third quarter and the profit came down to Rs 12.8 crore.
click and follow Indiaherald WhatsApp channel