COVID-19 Crisis: Multiplex chain operator PVR Ltd reports net loss of Rs 74.61 Cr in 4th quarter

Multiplex chain operator PVR Ltd on Monday reported a consolidated net loss of Rs 74.61 crore for the fourth quarter ended March 2020, as the film exhibition business was impacted because of COVID-19 pandemic.

The company had posted a net profit of Rs 46.75 crore in the January-March quarter a year ago, PVR said in a BSE filing.

Revenue from operations during the quarter under review stood at Rs 645.13 crore. It



was Rs 837.63 crore in the corresponding quarter a year ago.

“Beginning March 11, 2020, the company started closing its screens in accordance with the order passed by various regulatory authorities and within a few days most of our cinemas across the country were shut down,” PVR said in a statement. 

PVR's total expenses was at Rs 731.84 crore in fourth quarter of 2019-20 as against Rs 771.27 crore a year ago.