Today’s Current Affairs brings a spotlight on PVR Inox, as they recently unveiled their audited financial results for the quarter and the 12-month period ending March 31, 2024. Despite facing challenges like the ongoing general election and a weaker box-office quarter, PVR Inox showed resilience with a 7% growth in admissions and strategic cost-saving measures. The company’s focus on enhancing profitability and reducing overhead costs reflects a commitment to sustainable growth in the entertainment industry. Stay tuned for more updates on PVR Inox’s journey towards a more capital-efficient and profitable future.
1. What is the YoY growth in ticket sales for PVR Inox during the last quarter of FY23-24?
– A. 6%
– B. 17%
– C. 15%
– D. 7%
Answer: A. 6%
2. How many new screens did PVR Inox open during the year?
– A. 85
– B. 45
– C. 130
– D. 112
Answer: C. 130
3. What is one of PVR Inox’s key strategic priorities for their business?
– A. Increase net debt
– B. Close successful cinemas
– C. Reduce operational costs
– D. Invest in underperforming screens
Answer: C. Reduce operational costs
4. How much free cash flow did PVR Inox generate during the year?
– A. Rs. 14,304 million
– B. Rs. 12,940 million
– C. Rs. 1,158 million
– D. Rs. 2,550 million
Answer: C. Rs. 1,158 million
What were PVR Inox’s financial results for the quarter and 12-month period ending March 31, 2024?
PVR Inox announced its audited consolidated financial results for the quarter and 12-month period ending March 31, 2024.
What were the key highlights of the company’s performance during the last quarter of FY23-24?
During the last quarter of FY23-24, PVR Inox recorded 32.6 million admissions, with an ATP of Rs. 233 and SPH of Rs. 129. There was a 6% increase in ticket sales, a 17% rise in Food & Beverage sales, and a 15% boost in ad sales compared to the same period last year.
What were the key highlights of the company’s performance during the year?
During the year, PVR Inox recorded 151.4 million admissions, with an ATP of Rs. 259 and SPH of Rs. 132. There was a 73% increase in ticket sales, a 64% rise in Food & Beverage sales, and a 56% boost in ad sales compared to proforma figures from FY22-23.
What were the strategic priorities identified by PVR Inox for its business?
PVR Inox identified four key strategic priorities for its business: improving profitability through revenue enhancement, focusing on cost reduction, adopting a ‘Capital Light’ model, and becoming net debt free over the next few years.
What are the future plans of PVR Inox regarding its screen portfolio?
After shutting down 85 screens in FY23-24, PVR Inox plans to close down about 75 more underperforming screens in FY24-25.
Today's Current Affairs brings to light the impressive financial results of PVR Inox for the last quarter and the 12-month period ending March 31, 2024. The company saw a 6% increase in ticket sales, a 17% rise in Food & Beverage sales, and a 15% boost in ad sales during the last quarter. Additionally, PVR Inox recorded a significant growth in admissions and revenue for the entire year, showcasing a positive trend in the entertainment industry. With strategic priorities in place to enhance profitability and operational efficiency, PVR Inox is set to navigate a less capital-intensive and more profitable growth trajectory. As the company plans to shut down more underperforming screens in the coming fiscal year, it aims to achieve further synergies and strengthen its position in the Market.
