PVR Inox share price has come into limelight after back-to-back movie hits which made impressive collections at the box office in India in the current quarter. There has been a tremendous improvement in the shares of PVR Inox. In the last three months, due to the blockbuster films like Gadar 2, Jawan, Jailer, INOX shares have seen an increase of more than 25 percent in the last three months. Talking about the figures, there has been an increase of more than Rs 3,330 crore in the valuation of multiplexes. These three films together would not have even earned this much worldwide.
The market got blockbuster films in the second quarter
In fact, the strong box office collection in the second quarter of FY 2024 has brought many people back and has put many people on recovery mode. In which the name of the shares of PVR Inox can be easily taken. During this period, two all-time blockbuster films like Gadar 2 and Jawan, earning more than Rs 500 crore, were released. The jailer collected more than Rs 300 crore. In this quarter, five films have collected more than Rs 100 crore. There were many regional films which collected less than Rs 100 crore.
increase in footfall
In August, PVR Inox saw a footfall of 1.9 crores with a gross box office collection (GBOC) of around Rs 532 crores. This was the highest monthly footfall and gross box office collection figure ever for the cinema chain. Analysts at Kotak Institutional Equities believe that the return of Bollywood net box office collections (NBOC) in the current quarter reflects the normalization of consumer behavior and the recovery of multiplexes post Covid.
Improvement happened like this also
Kotak Institutional Equities now expects PVR Inox to report occupancy of 31 per cent as against 25.5 per cent earlier and footfall of 4.74 crore as against 3.9 crore earlier. According to estimates, the average ticket price in the second quarter may be Rs 258 and the spend per head may be Rs 133. Whereas in the first quarter this figure was Rs 246 and Rs 130. Advertisement revenue could be Rs 130 crore this time compared to Rs 120 crore earlier.
Company's shares jumped 25 percent in three months
Talking about the shares of PVR Inox, the company's shares have seen a rise of more than 25 percent in 3 months. According to the data, the company's shares closed at Rs 1379.10 on June 28. Whereas today the company's shares reached the day's high of Rs 1718.50. This means that the company's shares have seen a rise of about 25 percent.
If we talk about today, the shares of the company had opened at Rs 1687.75 today and during the trading session it reached Rs 1718.50 with a rise of about 2 percent. However, at 3:30 pm the company's shares were trading at Rs 1714.50 with a rise of 1.58 per cent.
Earning of Rs 3,330 crore in 3 months
The shares of PVR Inox have seen a rise of about 25 percent. Along with this, there has also been an increase in the valuation of the company. On June 28, when the company's shares closed at Rs 1379.10, the market cap of Inox was Rs 13,531.97 crore. Today when the share of PVR Inox went to Rs 1718.50, the market cap came to Rs 16,862.22 crore. This means that during this period the valuation of PVR Inox had increased by Rs 3,330.25 crore.
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