The multiplex network PVR Inox said on Thursday that Ajay Kumar Bijli, the company’s promoter, had reduced his ownership position. The price of PVR Inox shares went slightly up following the announcement.
The business said in a regulatory filing that the promoters, including Ajay Bijli, sold 3.25 lakh PVR Inox shares in total through open market transactions, representing 0.33% of the company’s total equity.
The exchange statement states that the promoters sold PVR Inox shares on August 20.
Promoters had previously held 62,86,311 equity shares or 6.40% of the firm, but after dumping the stock, they currently own 59,61,311 PVR Inox shares or 6.07%.
At the end of the June 2024 quarter, the public shareholding was 72.16%, while the promoter and promoter group held 27.84% of the shares, according to the PVR Inox shareholding pattern.
In a single week, PVR Inox shares have increased by 4.3%, and over 12.72% over the last three months. Year-to-date (YTD), the multiplex stock has decreased by 8.60%.
PVR Inox Q1 Results
In the first quarter of FY25, PVR Inox reported a wider net loss than the same period the previous year, rising from ₹81.6 crore to ₹178.7 crore. The multiplex chain reported a ₹130 crore net loss for the quarter that concluded in March 2024.
In Q1FY25, the company’s operating revenue dropped 8.7% to ₹1,190.7 crore from ₹1,304.9 crore in the same quarter the previous year.
In the June quarter, PVR Inox had 3.04 crore foot traffic, a 10% decrease from 3.39 crore in the corresponding time the previous year. The average ticket price (ATP) decreased 4.7% from ₹246, YoY to ₹235 in Q1FY25.
During the quarter, spending per head (SPH) increased 3.1% YoY to ₹134 from ₹130.
PVR Inox shares were up 0.57% at ₹1,526.10 a share on the BSE at 11:15 a.m.
