PVR Inox increases after launching a 6-screen multiplex in Dehradun.

PVR Inox rose by 1.49% to Rs 1,476.10 after the company revealed the launch of a new 6-screen theater at Mall of Dehradun. This marks PVR INOX’s third theater in Dehradun and the third across Uttarakhand, increasing the total number of screens in the state to 16.

The theater showcases advanced technologies, such as 4K Barco projectors, state-of-the-art 3D screens for crisp, ultra-bright images, and Dolby 7.1 sound for high-quality audio. It is crafted to be inclusive as well, providing accessible seating and walkways to ensure a pleasant experience for every patron.

Ajay Bijli, managing director of PVR INOX, stated, As Dehradun becomes a smart city, the need for contemporary, high-quality entertainment is rising. We are thrilled to introduce our high-quality cinema experience to this lively city. The newly opened PVR INOX multiplex will offer movie enthusiasts an engaging atmosphere that aligns with the city’s developing infrastructure and modern perspective, delivering not only an exceptional cinematic experience but also reflecting the city’s innovative vision through state-of-the-art technology, comfort, and aesthetics.

Sanjeev Kumar Bijli, the executive director of PVR Inox, stated, “We are pleased to introduce our immersive cinema experience in the city at the Mall of Dehradun, which serves as the ideal center for movie enthusiasts, presenting a splendid mix of luxury retail, upscale fashion, dining, entertainment, and wellness.”

This prime spot elevates the cinema experience, establishing it as the perfect place for leisure and relaxation. By launching this initiative, we are bolstering our presence in North India, delivering exceptional cinematic experiences to a region keen on high-quality entertainment choices. We are confident that the cinema will be an excellent choice for film enthusiasts. With this launch, PVR INOX has enhanced its growth trajectory and has established 256 screens across 43 locations in 28 cities following the merger.

PVR INOX participates in the movie exhibition and production industry and runs the largest cinema chain throughout India. The company generates income from selling movie tickets, cinema advertisements/product displays, and from food, beverages, and its restaurant operations. The cinema chain operators announced a consolidated net loss of Rs 11.8 crore in Q2 FY25, contrasting with a net profit of Rs 166.3 crore achieved in Q2 FY24. Revenue from operations fell by 18.89% year on year (YoY) to Rs 1,622.1 crore in the quarter ending 30 September 2024.

Domestic equity markets plummeted on Monday, as key indices experienced significant declines. The S&P BSE Sensex dropped by as much as 1,200 points, while the NSE Nifty50 declined by more than 2% to reach an intraday low of 23,601.50.

At approximately 2:49 pm, the Sensex dropped 1373.20 points to 77,871.20, while the Nifty50 fell 420.10 points to 23,551.90. The decline was caused by a mix of local and international factors, leading to widespread selling across various sectors. Volatility surged as the Nifty50’s volatility index climbed to 14.5, reflecting increased anxiety among investors. Wider market indices, such as Nifty Smallcap100 and Midcap100, experienced significant drops of 2.60% and 2.40%, respectively.