PVR INOX Profit Doubles on Strong Box Office
India multiplex operator PVR INOX reports second quarter profit more than doubled to 2.63 billion rupees. Strong box office collections and higher ticket sales drove the revenue growth.
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PVR INOX LTD posted a net profit of 2.63 billion rupees ($27.63M) for the quarter ended September, more than doubling from 1.06 billion rupees a year earlier. The multiplex operator benefited from a robust slate of film releases and box office collections across India. The earnings rebound contrasts with ongoing pressures from digital streaming competitors.
