‘PVR Inox’ situation is dire.. Losses of more than Rs. 1847 crore in five years
India’s largest multiplex chain, PVR INOX, has been reporting heavy losses for the last five consecutive financial years (FY). The latest financial figures reveal that the company is facing serious financial challenges due to the impact of the COVID-19 pandemic, OTT challenges, high ticket prices and changes in the film industry.
According to the PVR Inox report, the losses faced by the company in the last five years are as follows: (Financial Year) In FY 2020-21, it incurred a loss of Rs. 723.50 crore, in FY 2021-22, Rs. 478.35 crore, in FY 2022-23, Rs. 332.98 crore, in FY 2023-24, Rs. 35.70 crore, and in FY 2024-25, it is known that it has incurred a loss of Rs. 276.90 crore. In five consecutive years, the company has registered a total loss of more than Rs. 1,847.43 crore. In the wake of these huge losses, it remains to be seen what new strategies PVR Inox will implement in the coming financial years to increase its revenue and reduce costs.
