PVR bleeds in Q3 amid 17% rise in revenue

MUMBAI: Delhi-based multiplex major PVR has reported a third-quarter consolidated net loss of Rs 132.6 million compared to a net profit of Rs 66.7 million a year ago.

Total income jumped 16.91 per cent to Rs 1.34 billion, from Rs 1.14 million in the year-ago period, as the premium multiplex operator hiked average ticket prices by 13 per cent.

?The average ticket prices across the comparable properties in the quarter under review grew by Rs 20 (13% growth) over the same quarter last year due to increase in ticket pricing in various properties across our cinema circuit,? the company said.
The multiplex chain entertained approximately 5.2 million patrons during the quarter under review, marginally higher by 2 per cent over Q3 FY?10. Occupancies witnessed a fall from 36.8 per cent in Q3 FY10 to 27.1 per cent in the quarter under review.

Total expenditure of the company rose 34.45 per cent to Rs 1.37 billion, as against Rs 1.02 billion a year ago.

The movie exhibition segment saw a net profit of Rs 80.6 million in the quarter as compared to a net profit of Rs 85.9 million in the earlier year. The revenue from the segment was Rs 1.03 billion (from Rs 985.1 million).

As of 31 December, PVR operates 142 screens across 33 properties cities. The company is expected to commence operations in 24 new screens over the next four months.

Latest Reads
Usha International associates with YRF’s Sui Dhaaga – Made in India

Usha International, one of India’s leading household consumer durables company, proudly announces its association with Sui Dhaaga - Made In India produced by Yash Raj Films and starring Bollywood heartthrobs Varun Dhawan and Anushka Sharma.

Movies Hindi
Kamal Haasan talks about the pathbreaking films that inspired his career

MN+, the gold class of Hollywood movies associated with Kamal Haasan’s Vishwaroop 2 for Season 3 of Pathbreakers.

Movies Hollywood
No. 1 Bhojpuri Channel, ZEEL’s Big Ganga collaborates with foremost Bhojpuri superstar Ravi Kishan for a 7-movie deal

Over the last two decades, Bhojpuri movies industry has seen a revolution in the form of content, talent, and production.

Movies Regional
Zee Cinemalu Announces World Television Premiere of Superhit Romance-Idi Maa Prema Katha

Continuing to respect and support new-time actors, Zee Cinemalu’s World Television Premiere of Idi Maa Prema Katha stars the well-known faces from the small screen – Zee Telugu’s very own Anchor Ravi and Kalyana Vaibhogam-famed Meghana Lokesh.

Movies Regional
&pictures to air Sonakshi Sinha and Sidharth Malhotra?s spine-chilling thriller Ittefaq on Saturday, 21st July 2018 at 8pm

A CBI officer is assigned a double murder case which involves two witnesses who are also the prime suspects of the case.

Movies Hindi
Zee Action to air The Monkey King 2 on Saturday, 21st July at 8pm

Five hundred years after the Havoc in Heaven, the Tang Priest is appointed by Buddha to go to the West to fetch the sacred scriptures

Movies Hindi
Zee to launch Zee Classic HD channel

The Punit Goenka-led Zee Entertainment Enterprises Ltd (ZEEL), is all set to launch Zee Classic's HD version.

Movies Hindi
Shemaroo Entertainment Releases Padmaavat On Blu-ray and DVD for Cinema Lovers

Shemaroo Entertainment Limited, one of India?s leading global content power house, released the Blu-rays and DVDs of Sanjay Leela Bhansali?s magnum opus, Padmaavat- one of the most expensive Indian films ever made.

Movies Hindi
Al-Futtaim, PVR sign MoU to explore opportunities in MENA region

Multiplex operator PVR signed a memorandum of understanding (MoU) with Dubai's Al-Futtaim to explore opportunities to jointly develop cinema business in the Middle East and North Africa (MENA) region.

Movies Hindi

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories