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PVR INOX opens new 7-screen multiplex in Bengaluru Back
(08:53, 05 Jun 2023)
The cinema, located next to Nayandahalli Metro Station, boasts a seating capacity of 1189 and features the latest in theatrical technology, including SP4K next-generation laser projectors, Dolby Atmos audio, and Next-Gen 3D technology. The multiplex also has a 4DX auditorium, which delivers a fully immersive cinematic experience.

With this opening, PVR INOX now has 189 screens in 34 properties in Karnataka and 530 screens in 95 properties in South India.

Since the merger, PVR INOX has opened 65 screens across 10 properties in 10 cities and is looking to tap unexplored territories as part of its growth strategy.

PVR INOX reported a consolidated net loss of Rs 333.37 crore in Q4 FY23, higher than the net loss of Rs 105.49 crore in Q4 FY22. Net sales stood at Rs 1143.17 crore in Q4 FY23, steeply higher from Rs 536.17 crore in corresponding quarter last year.

Shares of PVR INOX fell 0.91% to Rs 1402.80 on Friday, 2 June 2023.

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