Movies

PVR Q1 profit increases 3% to Rs. 443 mn

MUMBAI: PVR Limited announced its audited standalone and consolidated financial results for the quarter and year ended 30 June, 2017.

The consolidated revenues for quarter ended June, 2017 was Rs 6.53 billion as compared to Rs 5.79 billion during the corresponding period of last year, up by 13%.

Consolidated EBITDA for the quarter was Rs. 1.29 billion as against Rs 1.23 billion in the same period last year, up by 4%. Consolidated PAT for the quarter was Rs. 443 million as against Rs 432 million in the same period last year, up by 3%.

The box office revenues for the quarter were up by 11% from Rs 3080 million to Rs 3430 million. F&B revenues were up by 12% from Rs 1.48 billion to Rs 1.65 billion led by strong growth of spend per head. Advertising revenues showed a stellar growth of 31% & increased to Rs 674 million as compared to Rs 515 million.

During the first quarter PVR added a total of 8 screens (5 screen in Chennai & 3 screen in Kota) and currently operates a network of 587 screens spread over 128 properties in 51 cities across the country. The company intends to add approx. 65-70 screens in FY 17-18.

 

Commenting on the results and performance, PVR Ltd CMD Ajay Bijli said, “For 20 years, we have worked ardently to take India to the movies with new and innovative offerings like Gold Class, Director’s Cut, Plush recliners, IMAX, 4DX, Playhouse, PXL, Dolby Atmos, VR Lounge, Vkaao to add more layers of excitement and joy to the cinematic experience of our customers. It has been the propeller of our growth engine over the years & it shall continue for years to come. We are the leading multiplex player in India and will soon surpass the 600 screens mark."

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