Bollywood film failure doubles PVR Inox's loss as an Indian theater chain.
The firm, which was created in early 2023 by the merging of PVR and Inox, reported a combined financial loss of 1.79 billion rupees ($21.4 million) for the quarter, as opposed to a loss of 816 million rupees in the previous year.
The firm, which was created in early 2023 by the merging of PVR and Inox, reported a combined financial loss of 1.79 billion rupees ($21.4 million) for the quarter, as opposed to a loss of 816 million rupees in the previous year.The biggest multiplex operator in India, PVR Inox, revealed on Friday a first-quarter loss that more than doubled as a result of fewer big-budget Bollywood productions and subpar box office receipts from the ones that were released.
The firm, which was created in early 2023 by the merging of PVR and Inox, reported a combined financial loss of 1.79 billion rupees ($21.4 million) for the quarter, as opposed to a loss of 816 million rupees in the previous year.
According to PVR Inox, movie releases decreased by 13% throughout the quarter. According to analysts, the famous Indian Premier League cricket event and India's general elections
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