Q1 Results: PVR back in black as box office picks up pace post-Covid

Meets Street expectations, thanks to healthy box-office collections

PVR — India’s largest multiplex operator — reported its first profit after two years of slowdown, aided by strong box-office collections. The movie exhibitor posted a net profit of Rs 53.2 crore in the quarter ended June 2022 (Q1) against a loss of Rs 219.44 crore in the year-ago period and Rs  105.49 crore in Q4FY22, according to results released on Thursday.

A poll of analysts by Bloomberg had indicated a consensus profit of Rs 62.8-crore.

Its revenue jumped 83 per cent to Rs  981.4 crore, compared to the Rs 905.3-crore estimated by Bloomberg. It climbed 13 per cent over