MAM

Q2-2016: PVR net profit up 347% at Rs 41.1 crore

http://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/mam-images/2015/11/03/mam%20brands.jpg?itok=E9q35Ee4

BENGALURU: Indian motion picture exhibition, production and distribution house PVR Limited (PVR) reported more than fourfold increase in profit after tax (PAT) in the quarter ended 30 September, 2015 (Q2-2016, current quarter) as compared to the corresponding year ago quarter. PVR’s PAT for Q2-2016 at Rs 41.05 crore (8.6 per cent margin) was 4.46 times the PAT of Rs 9.20 crore (2.1 per cent margin) reported for Q2-2015, but 29.3 per cent lower than the Rs 58.45 crore (12 per cent margin) in Q1-2016.

 

Note: 100,00,000 = 100 lakh = 10 million = 1 crore

All numbers are consolidated unless stated otherwise.

 

Total Income from Operations (TIO) in Q2-2016 at Rs 474.60 crore was 18.9 per cent more YoY than Rs 399.30 crore, but declined 2.3 per cent QoQ from Rs 486.02 crore.

 

Box Office performance

 

PVR’s top five box office performers in terms of Gross Box Office (GBO) were: Bajrangi Bhaijan (GBO Rs 72.02 crore, 34.8 lakh admits, average ticket price or ATP - Rs 207); Baahubali - The Beginning (GBO Rs 48.54 crore, 27.9 lakh admits, ATP - Rs 174); Welcome Back (GBO Rs 22.16 crore, 11.5 lakh admits, ATP - Rs 193); Drishyam (GBO Rs 18.74 crore, 10.3 lakh admits, ATP 0 Rs 183) and MI Rogue Nation (GBO Rs 17.99 crore, 8.5 lakh admits, ATP - Rs 212).

 

Net Box Office (NBO) collections in the current quarter increased 20.3 per cent to Rs 274.55 crore (59.5 per cent of Total Revenue) as compared to the Rs 228.15 crore (61.5 per cent of Total Revenue) in Q2-2015 and flat as compared to the Rs 249.12 crore (59.3 per cent of Total Revenue) in Q1-2016.

 

Q2-2016 saw admits increasing by 20 per cent to 1.88 crore with an occupancy of 37 per cent as compared to 1.57 crore with an occupancy of 32 per cent in Q2-2015 buts declined slightly QoQ a as compared to 1.90 crore and an occupancy rate of 38 per cent. ATP in the current quarter also improved to Rs 187 from Rs 181 in Q2-2015 and Rs 183 in Q1-2016.

 

Food and Beverages and Advertisement revenue

 

Food and Beverage (F&B) share of Total Revenue was 25.9 per cent at Rs 119.59 crore as compared to 24.5 per cent at Rs 90.81 crore in Q2-2015 and 28 per cent at Rs 117.87 crore in Q1-2016. Advertising share to revenue in the current quarter dropped in percentage terms to 10 per cent but increased in value terms to Rs 46..13 crore as compared to 10.9 per cent (Rs 40.65 crore) in Q2-2015 and was slightly higher in percentage terms than 9.9 per cent (Rs 41.62 crore) in the immediate trailing quarter.

 

Let us look at the other numbers reported by PVR

 

The company has reported positive operating results in Q2-2015 from Movie Exhibition segment at Rs 61.90 crore, which was more than double (2.34 times) the Rs 26.46 crore in Q2-2015, but declined 23.1 per cent as compared to the Rs 80.54 crore in Q1-2016.

 

Movie production and distribution (Production) as well as ‘Others,’ which includes bowling, gaming and restaurant services, etc., reported operating losses in the current quarter as compared to the operating profits in the immediate trailing quarter.

 

PVR’s Production segment operating revenue declined by more than half (down 54.6 per cent) to Rs 8.56 crore as compared to the Rs 18.87 crore in Q2-2015, but was 13.7 per cent more than the Rs 7.53 crore in the immediate trailing quarter. The segment reported operating loss of Rs 0.46 crore in the current quarter as compared to an operating profit of Rs 1.34 crore in Q2-2015 and an operating profit of Rs 1.87 crore in Q1-2016.

 

‘Others’ segment reported a 4.7 per cent increase in YoY revenue in the current quarter to Rs 19.05 crore as compared to Rs 18.19 crore in Q2-2015, but a 11.2 per cent decline as compared to the Rs 21.46 crore in Q1-2015. The segment returned an operating loss of Rs 0.65 crore in the current quarter as compared to an operating loss of Rs 0.96 crore in Q2-2015 and an operating profit of Rs 0.82 crore in the previous quarter.

 

Total expense in Q2-2016 at Rs 413.83 crore (87.2 per cent of TIO) was 11.2 per cent more YoY than the Rs 372.07 crore (93.18 per cent of TIO) and 2.7 per cent more QoQ than the Rs 402.77 crore (82.9 per cent of TIO).

 

The company’s film exhibition cost increased 21.7 per cent YoY at Rs 113.53 crore (23.9 per cent of TIO) as compared to Rs 93.25 crore (23.4 per cent of TIO) and was almost flat QoQ as compared to Rs Rs 113.69 crore (23.4 per cent of TIO).

 

F&B and other cost in Q2-2016 increased 11.7 per cent YoY to Rs 32.01 crore (6.7 per cent of TIO) as compared to Rs 28.65 crore (7.2 per cent of TIO) and was 7.5 per cent lower than the Rs 34.59 crore (7.1 per cent of TIO) in Q1-2015.

 

Other expense in Q2-2016 declined 4.3 per cent to Rs 43.51 crore (9.2 per cent of TIO) as compared to the Rs 45.46 crore (11.4 per cent of TIO) in Q2-2015, but was 15.3 per cent more than the Rs 37.72 crore (7.8 per cent of TIO) in Q1-2016.

Latest Reads

http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/18/Priyanka-Mehra-%281%29.jpg?itok=FaeCYDZB
Havas Group India appoints Priyanka Mehra as director marketing and communications

Havas Group India has appointed Priyanka Mehra as director marketing and communications. The appointment is in line with unifying communications across all disciplines under the Havas Group umbrella. Her remit includes working with the senior leadership in India and the regional communications team...

MAM Media and Advertising People
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/18/avvtar.jpg?itok=yW-DNlBn
Avvatar sports nutrition urges people to take up a habit instead of a resolution in their new-year digital campaign #aadatbanalo

New year approaches and everyone starts making resolutions. And not surprisingly, most of those resolutions are about getting fit, losing weight and getting in shape.

MAM Marketing MAM
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/18/filmfare.jpg?itok=ZwF_8YbS
Worldwide Media’s marquee digital property filmfare short film awards announces the 3rd edition

Filmfare, the most credible name in the Indian entertainment industry is back with the 3rd edition of the prestigious Filmfare Short Film Awards 2019. The platform is inviting entries till 31st January.

MAM Marketing MAM
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/18/qatar.jpg?itok=rzs0Cjxw
Qatar Airways launches Hollywood-style campaign 'A World Like Never Before'

Qatar Airways started the new year with the launch of the airline’s biggest and most cinematic brand campaign to date, ‘A World Like Never Before’. Conceived and created by 180 Kingsday – Qatar Airways’ agency on record – and produced by London production company, Ridley Scott Associates Films, the...

MAM Marketing MAM
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/18/Niine-period.jpg?itok=_Lihx2B4
Niine launches period tracker app in Hindi, English

Made-in-India sanitary napkin brand Niine has launched, in collaboration with Federation of Obstetric and Gynaecological Societies of India (FOGSI), a period tracker app. The app has been developed in consultation with medical professionals and is said to be the first to be developed by a sanitary...

MAM Marketing Brands
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/17/ipsos.jpg?itok=AxDkIzZx
Ipsos Study 74% Indians are content with their current body weight

According to a new study by Ipsos that explores world’s food habits, insights about Indians are particularly interesting as they bust myths about food habits of Indians

MAM Marketing MAM
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/17/kanta.jpg?itok=QLnHVlZY
91% Indians to spend more on e-com sites in 2019

Factors like growing traffic congestion across the cities are prompting more and more people to shop online reveals the business and brands predictions report 2019.

MAM Marketing Brands
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/17/blender.jpg?itok=B1_TuSiS
Celebrating the self, Blenders Pride Fashion Tour 2018-19 arrives in Mumbai

The 14th edition of the Blenders Pride Fashion Tour celebrated the self and the individual through its extraordinary new concept-‘Pride’, in Mumbai.

MAM Marketing Brands
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/17/MS_Dhoni-Orient_Electric.jpg?itok=3itdCHDp
MS Dhoni turns world upside-down in Orient Electric's new ad for Aeroslim fan

Orient Electric, part of the USD 1.8 billion CK Birla group, launched an integrated advertising campaign to promote Aeroslim, “India’s first smart ceiling fan”. Aeroslim fan is IoT-enabled and can be controlled via Orient Smart mobile app or by using voice commands via Alexa or Google Assistant. It...

MAM Marketing Brands

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories