Business

BookMyShow posts bumper profit of Rs 85cr in FY23

The company posted Rs 85 crore profit in FY23, compared to a loss of Rs 92 crore in FY22.

New Delhi: BookMyShow saw its revenue from operations surged 3.5 times to Rs 976 crore in FY23, from Rs 277 crore in FY22.

According its consolidated financial statement filed in the Registrar of Companies (RoC), BookMyShow registered its first-ever profit during FY23.

The company posted Rs 85 crore profit in FY23, compared to a loss of Rs 92 crore in FY22.

On a unit level, it spent Rs 0.96 to earn a rupee in FY23, reports Entrackr.

Income from ticket booking constituted 66 per cent of the total operating revenue which jumped to Rs 648 crore in FY23 from Rs 227 crore in FY22.

During the Covid-19 pandemic, the company saw its revenue nosedived to Rs 74 crore as multiplexes were either shut or had restricted access.

This post was last modified on December 5, 2023 9:52 pm

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Indo-Asian News Service

Indo-Asian News Service or IANS is a private Indian news agency. It was founded in 1986 by Indian American publisher Gopal Raju as the "India Abroad News Service" and later renamed. The service reports news, views and analysis from the subcontinent about the country, across a wide range of subjects.

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