![PVR INOX shares rise 3% despite posting ₹82 cr loss in Q1; here’s why](https://images.assettype.com/fortuneindia%2F2022-03%2F0ff17f57-fedd-4ef6-be5a-b0c44786a490%2FPVR.jpg?rect=0,132,1379,690&w=300&q=95)
PVR INOX shares rise 3% despite posting ₹82 cr loss in Q1; here’s why
Sequentially, PVR INOX’s loss narrowed significantly from ₹334 crore in Q4FY23, led by a growth of 70% in quarter-on-quarter box office collections for Hollywood films.
Sequentially, PVR INOX’s loss narrowed significantly from ₹334 crore in Q4FY23, led by a growth of 70% in quarter-on-quarter box office collections for Hollywood films.
The December quarter witnessed a sharp bounceback from the previous quarter on the back of strong content performance and good recovery in box office collections.
Inox says it has evolved from a 'multiplex chain' to a 'multiplex & F&B chain'.
The merger will be in a share swap ratio of three shares of PVR for every 10 shares of INOX, subject to shareholders, and other requisite approvals.
INOX Leisure shares rallied 10% to hit a 52-week high of ₹486.90 on the BSE amid improved outlook for the Indian multiplex market.