MAM
PVR Inox Q2 FY25 results show mixed performance amid strategic changes
Mumbai: PVR Inox has reported its Q2 FY25 financial results, indicating a quarter of mixed performance as the company navigates post-pandemic recovery and strategic adjustments. Revenue reached Rs 16.2 billion, marking a 36.2 per cent increase quarter-over-quarter (QoQ), though it declined 18.9 per cent year-over-year (YoY). This growth was driven by a resurgence in Hindi films and improved footfall, which rose 27.6 per cent QoQ, although occupancy rates remained below pre-covid levels.
The company’s EBITDA stood at Rs 4.7 billion, down 32.2 per cent YoY but up significantly by 90.6 per cent QoQ, with a post-IndAS EBITDA margin of 29.5 per cent. However, net losses persisted at Rs 0.1 billion for Q2 FY25, compared to a Rs 1.7 billion loss in Q1 FY25. Average ticket prices (ATP) and spend per head (SPH) showed growth, increasing 9.4 per cent and 2 per cent QoQ, respectively, signalling steady progress despite challenges.
The balance sheet reflects a cautious but optimistic outlook. Total borrowings declined from Rs 17.9 billion in FY23 to Rs 17.2 billion in FY24, indicating the company’s efforts to reduce debt. Free cash flow turned positive, helping to stabilise liquidity, and cash reserves grew from Rs 3.3 billion to Rs 3.9 billion over the same period. However, with profit margins still tight and interest expenses continuing to rise, sustained improvement in box office performance and cost management will be essential to achieve profitability.
Looking ahead, PVRInox anticipates strong performance during the festive season, driven by major releases such as “Singham Again”, “Pushpa 2,” and “Bhool Bhulaiyaa 3”. The company remains optimistic about reaching a 32 per cent occupancy rate in Q3, supported by a robust content lineup.
MAM
Collective Artists Network reshuffles talent leadership
Fiona D’Souza, Jinal Jhaveri and Arjun Banerjee take expanded roles in core division.
MUMBAI: Collective Artists Network just handed the talent baton to its homegrown stars because when your agents have been building careers this long, it’s time to let them run the show. Collective Artists Network has announced the next phase of leadership for its talent management business, elevating senior agents Fiona D’Souza, Jinal Jhaveri and Arjun Banerjee to expanded roles within the division. The move strengthens the company’s foundational talent arm while it continues to grow into content creation and production-led ventures.
Each of the three has played a significant part in shaping artist careers across films, digital platforms and brand partnerships. Together they now represent the next generation of leadership for Collective’s talent operations, with a continued focus on long-term career building, strong partnerships and adapting representation to a fast-changing media landscape.
Collective Artists Network founder and Group CEO Vijay Subramaniam remains actively involved in guiding artist strategy and key relationships. He said, “Talent management has been the foundation on which Collective was built, and that philosophy continues to guide how we grow the company. As we enter this next phase, it’s important that the people leading this business have both deep context and long-term convictions.”
Collective Artists Network partner and head of talent Janahavi Rawal added, “Collective’s talent business has always been built on trust, long-term thinking, and a deep understanding of where artists want to go next. Fiona, Jinal, and Arjun have each played an important role in shaping the careers of the artists we represent, and this phase is about empowering our senior agents further while building the right support systems around them.”
The leadership evolution reflects Collective’s belief in promoting from within and creating clear ownership across verticals. In a talent world where yesterday’s agent is tomorrow’s partner, Collective isn’t just reshuffling chairs, it’s handing the spotlight to the people who’ve been quietly directing the show all along.
