PVR INOX Swings to Profit on Higher Customer Spending
PVR INOX posted a 1.87 billion rupee profit as ticket prices rose. Revenue grew 25.8% and margins hit 11.5% on higher food and beverage spending for the term.
Xurve View
Insights:
Xurve View
PVR INOX LTD reported a fourth-quarter profit of 1.87 billion rupees ($19.64 million) in India for the period ending March 31. The result reverses a 1.25 billion rupee net loss from the previous year. Revenue growth and margin expansion hinge on premium pricing and increased food and beverage spending.
