Television

Q1-2016: Vision Cinemas reports net sales & PAT growth of 69%

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BENGLAURU: The good days for the movie business seem to continue in this quarter also. A small three-screen multiplex with a food-court in Bengaluru, Vision Cinema Limited (Vision Cinema) reported 69.2 per cent growth in net sales/income from operations (excluding branch transfer, net of excise duty) or TIO to Rs 156.05 lakh in the quarter ended 30 September, 2015 (Q1-2015, since the company’s financial year is 1 July to 30 June) from Rs 92.22 lakh in the corresponding quarter of last year. TIO was 26.5 per cent higher than the Rs 123.4 lakh in the previous quarter (Q4-2015).

 

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

 

Vision Cinemas PAT in Q3-2015 more than trebled (3.44 times) at Rs 39.16 lakh as compared to the Rs 11.39 lakh in Q1-2015 and 69.4 per cent more than the Rs 23.12 lakh in Q4-2015.

 

Total expense (TE) for Q1-2016 at Rs 110.04 lakh was 45.6 per cent more than the Rs 75.58 lakh in Q1-2015 and was 12.1 per cent more than the Rs 98.13 lakh in Q4-2015.

 

A major component of the company's TE is 'Purchase of Traded Goods - Distributor Share of Revenue' (Distributor share). Vision Cinemas spent Rs 56.68 lakh in Q1-2016 towards distributor share, which was 29 per cent more than the Rs 43.93 lakh in Q1-2015 and 28.9 per cent more than the Rs 43.98 lakh in the immediate trailing quarter.

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