MAM

Encore! PVR repeats blockbuster results for Q2-2014

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/mam-images/2015/09/18/PVR.jpg?itok=U3A52EtL

BENGALURU:  Indian motion picture exhibition, production and distribution house PVR Limited (PVR) repeated, actually bettered by far, its Q1-2014 stellar results during Q2-2014. PVR’s consolidated revenue for quarter ended 30 September 2013 stood at Rs 367.1 crore up 89 per cent as compared to Rs 193.6 crore during the corresponding period of last year and nine per cent more than PVR's consolidated revenue for Q1-2014 which was Rs 337.3 crore.

Consolidated profit after tax (PAT) at Rs 27.7 crore up by 71 per cent as against of Rs 16.1 crore in the September quarter last year (Q2-2013), and more than double the PAT of Rs 13.6 crore in Q1-2014.

The company says that it has delivered a strong financial and operational performance in the quarter especially given that there were only two big releases - Chennai Express and Bhaag Milka Bhaag in the quarter as compared to five big films (Ek Tha Tiger, Barfi, Bol Bachan, Dark Knight  and Amazing Spiderman) a year-ago. The company also says that footfalls increased by eight per cent to 1.66 crore in the quarter while average ticket prices rose by four per cent as against same period last year.

NOTE : (1) The board of directors in the meeting held on 15 June 2013, approved the composite scheme of amalgamation (Scheme) for the merger of Cine Hospitality Private Limited its wholly owned subsidiary and Cinemax India Limited along with its subsidiaries companies, namely , Nikmo Entertainment Limited, Odeon Shrine Multiplex Limited, Vista Entertainment Limited, Growel Entertainment Limited and Cinemax Motion Pictures Limited with the Company from the appointed date of 1st April 2013. As per the proposed Scheme, which is subject to approval of shareholders, creditors and regulatory authorities, the minority shareholders of Cinemax India Limited will receive equity shares of PVR Limited in the swap ratio of four equity shares of PVR Limited against seven equity shares of Cinemax India Limited. Further, SEBI, NSE & BSE have given their NOC in the current quarter and 7 December 2013 has been fixed by the Hon'ble High Court, New Delhi for holding the meeting of members and creditors of the Company.

(2) The company in Oct 2013 entered into an agreement for sale of Anupam multiplex property located at Saket, New Delhi for a total consideration of Rs 52 crore. The sale and property is in line with company’s strategy to maintain an asset light business model.  The sale will release substantial capital to fund the future projects and enable the company to improve its Return on Capital Employed says PVR.1

Let us look at the figures reported by PVR Limited for Q2-2014

Exhibition Business

PVR



PVR’s standalone revenue of Rs 237.94 for Q2-2014 was 32 per cent more than the Rs 179.87 crore for Q2-2013 and 13.75 per cent more than the Rs 209.18 crore for Q1-2014.

Expense for Q2-2014 at Rs 192.58 crore was 33 per cent more than the Rs 145.26 crore of Q2-2013 and 11 per cent more than the Rs 173.16 crore of Q1-2013.

It’s EBIDTA for Q2-2014 at Rs 45.36 crore (Margin 19.1 per cent) as compared to the Rs 34.61 crore (Margin 19.2 per cent) for Q2-2013 and Rs 36.02 crore (Margin 17.2 per cent) for Q1-2014.111

PVR’s standalone PAT for Q2-2014 at Rs 21.83 crore was 46 per cent more than the Rs 14.96 crore of Q2-2013 and more than a third (up 34 per cent) of the Rs 16.25 crore in Q1-2014.

Cinemax

Revenue for Q2-2014 from Cinemax at Rs 111.77 crore was five per cent lower than the Rs 117.44 crore for Q2-2013 and three per cent more than the Rs 108.62 crore for Q1-2014.

Expense for Q2-2014 at Rs 84.43 crore was three per cent lower than the Rs 87.15 crore of Q2-2013 and 1.3 per cent lower than the Rs 85.52 crore of Q1-2014.

EBIDTA for Q2-2014 was Rs 27.34 crore (24.5 per cent); for Q2-2013 - Rs 30.9 crore (25.8 per cent) and Rs 23.09 crore (21.3 per cent) for Q1-2014.

Q2-2014 PAT at Rs 13.08 crore was 17 per cent lower than the Rs 15.81 crore of Q2-2013, but over 2 and half times (2.52 times) of the Rs 5.19 crore of Q1-2014.

PVR says that Cinemax ATP was flat on account of harmonising of ticket pricing on weekdays and weekends in accordance with PVR pricing strategy and tax free Marathi films played in the western circuit.

Food and beverage revenues grew by 25 per cent over corresponding quarter of previous year on account of success of the various strategic initiatives taken by the company. A 42 per cent growth in Sponsorship revenues reflected strong continuing positive performance year on year.

PVR chairman cum MD Ajay Bijli said, “The strength of the film line up for the second half coupled with our solid first six months performance underpins our confidence that we are on track with our plans for the full year. We have maintained the position as the leading multiplex player in India and in this quarter we will surpass an important milestone of 400 screens in India.”

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/02/23/mindshare_0.jpg?itok=Q3itWdjr
Mindshare SA announces agency restructuring, key appointments

Media agency Mindshare has announced an organisation restructure that mirrors the agency’s ambition to become collaborative in client success and navigate its marketing agenda with intelligence and agility.

MAM Media and Advertising Media Agencies
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/02/23/parleg.jpg?itok=F1M9Cgq4
Parle Products eyes China for next phase of growth

MUMBAI: The girl with the glucose biscuit is probably the most iconic image after the Amul butter girl in India. The Parle-G girl is a part of the Parle Products family that has been in existence since 1929, founded by the Chauhan family in Vile Parle, Mumbai. Until a few years ago, as you crossed...

MAM Marketing MAM
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/02/22/timthumb-9.jpg?itok=d_k5pwSq
ABBY Awards 2018 announces jury chairs

MUMBAI:  After announcing the master jury for the creative category, the eminent ABBY Awards that recognises and rewards excellence across advertising, marketing and media has now announced the illustrious jury chairs for the media, broadcaster, publisher, branded content & entertainment,...

MAM Marketing MAM
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/02/22/wat-consult.jpg?itok=n0UvViaJ
WATConsult & TOTAL join hands to launch Ride for Legends

Keeping true to TOTAL Hi-Perf Motorcycle Engine Oil’s brand promise of making your ride enjoyable, TOTAL with WATConsult, the digital and social media agency from Dentsu Aegis Network India, has taken a step forward to launch an initiative to salute unsung legends of the country.

MAM Media and Advertising Ad Campaigns
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/02/22/Bajaj-Finserv.jpg?itok=9OIIR6-7
Bajaj Finserv new ad drives awareness around insurance

MUMBAI: Bajaj Finserv has launched a TVC campaign to drive awareness around width of products offered through its lending, life insurance and general insurance arm. The third phase of ‘Think It. Done’ campaign highlights the set of possibilities in every individual’s life thereby giving a solution...

MAM Media and Advertising Ad Campaigns
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/02/22/Fossil.jpg?itok=Ao2FPVF8
Fossil assigns media mandate to Carat

Fossil Group, a global design, marketing and distribution company that specialises in consumer lifestyle and fashion accessories, has roped in Carat as its media agency.

MAM Media and Advertising Account
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/02/22/hero_0.jpg?itok=0JrQdfeF
Google Pay launched in US, UK; Tez gets new features

MUMBAI: Google is attempting to become a hit in the vast payment space as well. After launching Google Tez in India a while ago, it has come up with a system to rival the world – Google Pay. It comes elements of Android Pay (a Google product) and Google Wallet. The Android app is free to download...

MAM Marketing MAM
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/02/22/suzuki-acess.jpg?itok=Mc8KL9qM
Suzuki Motorcycle rolls out phase 2 of #KamPeetaHai campaign

Post receiving a great response for Suzuki Access 125 campaign of Kam Peeta Hai, Suzuki Motorcycle India, a subsidiary of two-wheeler manufacturer, Suzuki Motor Corporation Japan and Happy mcgarrybowen have rolled out the second phase to the campaign for their flagship scooter brand. The campaign...

MAM Media and Advertising Ad Campaigns
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/02/21/mayori.jpg?itok=bgiVAIbZ
Performics.Resultrix bags digital mandate for NIIT

NIIT has entrusted its digital mandate to Performics.Resultrix, the digital end-to-end solutions company under Zenith India.

MAM Media and Advertising Account

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories