PVR enters the Rs 1000 crore revenue club; FY-2014 PAT up 26 per cent

BENGALURU: Indian motion picture exhibition, production and distribution house PVR Limited (PVR) reported a 26 per cent jump in PAT in FY-2014 to Rs 56.05 crore (4.15 per cent of net total income from operations or Op Inc) in FY-2014 as compared to the Rs 44.50 crore (5.5 per cent of Op Inc) in FY-2013. The company?s Op Inc in FY-2014 increased 66.67 per cent to Rs 1351.23 crore, hence becoming another media and entertainment company to cross the Rs 1000 crore (Rs 10 billion) mark. PVR had reported revenues of Rs 810.70 crore in FY-2013.

PVR?s consolidated revenue for Q4-2014 was Rs 316 crore as compared to Rs 240 crore during the corresponding period of last year, up by 32 per cent. Consolidated EBITDA for the quarter was Rs 35 crore as against Rs 18 crore in the same period last year, up by 92 per cent.

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

PVR Limited has three main revenue streams ? Movie Exhibition; Movie Production and Distribution and ?Others? which includes bowling, gaming and restaurant services.

Let us look at the other Q4-2014 and FY-2014 numbers reported by PVR

PVR reported more than double (2.01 times) operating profit in Q4-2014 at Rs 33.06 crore in Q4-2014 as compared the Rs16.44 crore in Q4-2013. EBIDTA in Q4-2014 was 92 per cent more at Rs 35.18 crore as compared to the Rs 18.36 crore in Q4-2013. However, in Q4-2014, the company has reported a loss of Rs 5.14 crore as compared to a profit of Rs 11.46 crore in Q4-2013.

PVR?s exhibition business revenue grew by 74 per cent in FY-2014 to Rs 1271.43 crore from Rs 730.05 crore in FY-2013. PAT from this business grew 32 per cent in FY-2014 to Rs 57.87 from Rs 43.84 crore in FY-2013.

In Q4-2014, PVR?s exhibition business revenue grew by 29 per cent to Rs 288.96 crore from Rs 223.68 crore in the year ago quarter. PAT during the quarter was 19 per cent down to Rs 7.11 crore from Rs 8.75 crore in Q4-2013.

PVR?s net box office collection including Cinemax numbers went up 13 per cent to Rs 795.16 crore in FY-2014 as compared to the Rs701.26 crore in FY-2013. Net box collection during Q4-2014 was 20 per cent more at Rs 174.23 crore as compared to the Rs 144.28 crore in Q4-2013.

Net Food and Beverage (F&B) revenue in FY-2014 at Rs 298.08 crore was 29 per cent more than the Rs 231.48 crore in FY-2013. IN Q4-2014, F&B income at Rs 71.28 crore was 46 per cent more than the Rs 48.84 crore in Q4-2013.

Sponsorship revenue went up by 44 per cent from Rs 98.61 crore in FY-2013 to Rs 141.86 crore in FY-2014. In Q4-2014, sponsorship revenue went up 48 per cent to Rs 32.85 crore from Rs 22.14 crore in Q4-2013.


Total Expenditure (Tot Exp) in FY-2014 at Rs 1230.22 crore (91.04 per cent of Op Inc) was 65.02 per cent more than the Rs 745.52 crore (91.96 per cent of Op Inc) in FY-2013. Tot Exp in 4-2014 at Rs 315.58 crore (100.43 per cent of Op Inc) was 2.38 per cent more than the Rs 308.24 crore (91.82 per cent of Op Inc) in Q3-2014 and 32 per cent more than the Rs 239.15 crore (101.24 per cent of Op Inc) in Q4-2013.

PVR?s film exhibition cost in FY-2014 at Rs 329.49 crore (24.38 per cent of Op Inc) was 64.4 per cent more than the Rs 200.43 crore (24.72 per cent of Op Inc) in FY-2013. Film exhibition cost in Q4-2014 at Rs 68.6 crore (21.83 per cent of Op Inc) was 17.7 per cent less than the Rs 83.34 crore in Q3-2014 and 14.5 per cent more than the Rs 59.91 crore (25.4 per cent of Op Inc) in Q4-2013.

PVR Ltd chairman and managing director Ajay Bijli said, ?FY 2014-15 has started well with strong performance of films like 2 States, Bhootnath Returns, Captain America and the strength of the film line up for the remaining part of the year underpins our confidence that we are on track with our plans for the full year. Our differentiated strategy, heightened brand awareness, and guest engagement tactics will further enhance the customer experience in 2014 and beyond. During the year the company also surpassed an important milestone of 400 screens in India further consolidating its leadership position in multiplex space in India. The merger of Cinemax with PVR also got completed and the management will continue to focus on driving synergies from the combined scale of operations which is reflecting in the market share and the reported results.?

PVR operates multiplex theatres under two mother brands ? PVR and Cinemax. In January 2013 the Company acquired 93.19 per cent of controlling stake in Cinemax India, a Cinema Exhibition Company having 135 screens spread across 38 locations in India, through its wholly owned subsidiary Cine Hospitality Private Limited to become the undisputed leader in the cinema exhibition business in India. Post aforesaid acquisition PVR together with Cinemax currently operates a cinema circuit consisting of 421 screens spread across 97 cinemas covering 41 cities in India. The company claims to be the dominant leader with 30-35 per cent share of box office collections for Hollywood movies in India and 20-25 per cent share of Bollywood movies.

PVR claims to commands a phenomenal 70 per cent of the advertising revenue in the cinema medium space and delivers 360 degree exposure & innovative opportunities to brands, both on-screen and off-screen. The Company says that it is associated with the top 100 brands in the country. PVR is expected to add 70-80 screens every year.

PVR has informed BSE that the Board of Directors of the Company at its meeting held on 29 May 2014, inter alia, has recommended payment of Final Dividend @ Rs 2.50 each share subject to the approval by the members of the Company in the forthcoming Annual General Meeting.

Latest Reads
Star Sports unveils #BattleofSixes campaign for the upcoming PAYTM India- West Indies ODI and T20 series

This festive season is set to take cricket fans by storm as the battle of sixes begins with India taking on West Indies in the PAYTM ODI and T20 series, starting Oct 21st and November 4th, 2018 respectively.

Television TV Channels Sports
LaLiga Football Schools launch in Kerala

LaLiga, Spain’s top football league, recently launched the LaLiga Football Schools in India. It is a comprehensive grassroots football development programme in association with India On Track

Television TV Channels Sports
Triple gold medalist and former autralian olympic swimmer, stephanie rice debuts as an expert presenter on vivo pro kabaddi season vi in india

This season Star Sports, the official broadcaster for VIVO Pro Kabaddi League 2018 lifts the spirit of the game a notch higher with the announcement of three - time Olympic Gold medallist, Stephanie Rice, as an addition to the illustrious expert panel.

Television TV Channels Sports
IndiaCast rejigs revenue top brass in bid to grow across markets, platforms

In a move aimed at synergizing processes and business opportunities to scale up revenues, IndiaCast, the domestic, international and digital distribution arm of Viacom18 and TV18, today, announced an organizational rejig of its revenue management structure.

Television TV Channels People
Eros Now's Smoke MIPCOM screening gets packed house

A packed house turned up to watch Eros Now’s premier of its original Smoke at the Verriere Californie in the famed Palais des Festivals in Cannes, France on 15 October 2018.  The shortened  20 minute version of the 45 minutes per episode had you gripped right from the first frame which showed the...

Television TV Shows Drama Series
Sun TV, Star Maa only non-Hindi GEC channels in across genre list

For the second consecutive week in a row, the Sun TV Network’s flagship Tamil GEC and Star India’s flagship Telugu GEC Star Maa were the only non-Hindi GEC channels in Broadcast Audience Research Council of India (BARC) weekly list of top 10 channels across genre.

Television TV Channels Viewership
Infotainment genre’s steady shift towards localisation

It’s home! That’s the cry that almost every broadcaster is uttering today when it comes to wooing viewers with content. Even as kids’, lifestyle and GECs are witnessing an uptake in local content, the infotainment genre isn’t going to be left behind.

Television TV Channels Specialised and Niche
Amazon most advertised brand in BARC week 41

The Broadcast Audience Research Council (BARC) India has released its data for last week’s top advertisers and brands between 6-12 October 2018. The data is a reflection of top 10 advertiser and brands across genre on Indian television (U+R) : 2+ Individuals.

Television TV Channels Viewership
No changes in Bhojpuri, Kannada, Marathi segments in BARC week 41

In the Bengali space, Jalsha Movies and Colors Bangla swapped their third and fourth positions in BARC data week 41. No changes were observed in the Bhojpuri, Kannada and Marathi segments. Moreover, Gemini TV and Zee Telugu swapped their second and third positions in the Telugu sector. Flowers TV...

Television TV Channels Viewership

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories