Articles for tag: Closing, Growth, INOX, NonPerforming, PVR, Restructures, Screens, Strategic

September 1, 2024

PVR INOX Restructures: Closing Non-Performing Screens for Strategic Growth!

PVR INOX, a leading multiplex operator, is strategically aiming for profitable growth by closing 60 to 70 underperforming screens in FY25 while opening 120 new ones. The company plans to focus on expanding in South India, which presents a significant opportunity due to fewer multiplexes in the region. To optimize costs, PVR INOX is shifting ...

May 16, 2024

Market News

Business Current Affairs Today

PVR INOX to Shut Down 85 Screens in FY23-24: Current Affairs Question and Answers

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. ...