Pyramid Saimira Theatre Q2 net slips to Rs 87 million

MUMBAI : Pyramid Saimira Theatre Ltd‘s net profit has dropped to Rs 87.04 million in the second quarter of this fiscal, as against Rs 151.13 million a year ago.

Margins have come under pressure due to a spurt in input costs. But the average revenue per user (ARPU) was maintained at Rs 40.11 including food and beverage revenue.

Expenditure during the quarter has jumped to Rs 2.34 billion, up from Rs 1.25 billion in the corresponding quarter of the prior year.

Total income, however, jumped 75 per cent to stand at Rs 2.52 billion during the quarter under review.

Exhibition business has contributed Rs 1.84 billion while Rs 681.47 million came from food and beverages.

Pyramid Saimira Group chairman PS Saminathan said, “PSTL Group in last two years was on an expansion spree and is in the current fiscal year focusing more on consolidation. We had closed down unviable screens, rationalised our expansion, and started investing in measures that will improve our ARPU. The results announced is only for our Exhibition Division and we feel this year as a group we will maintain a growth rate of around 40 per cent.”

The company had 62.89 million footfalls in this quarter with an average occupancy rate of 35.90 per cent.

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