MAM

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

https://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/mam-images/2015/11/03/mam%20brands.jpg?itok=0fwTJBi6

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

https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/10/18/nisha.jpg?itok=eV0LkjUP
Faber Castell's 'Change the Canvas' gets 200% more responses than last year

While the digital era has disrupted many traditional businesses, stationery, and art & craft facilities are going to grow, Faber Castell India marketing India director Nisha Sara Jose told Indiantelevision.com about the second successful season of its online ‘Change the Canvas’ activity.

MAM Marketing Brands
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/10/17/tech_mahindraa.jpg?itok=h0S2jfW0
Tech Mahindra, InMobi collaborate for industry’s first video ad solution for mobile devices

MUMBAI: Tech Mahindra Ltd, a leading provider of digital transformation, consulting and business reengineering services and solutions, announced a collaboration with InMobi, one of the world's leading mobile-focused Marketing Clouds, to offer the industry’s first video advertising solution for...

MAM Marketing Brands
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/10/17/sid.jpg?itok=d4RRm1ay
Siddharth Kumar Tewary to own the Punjab Bulls team in Tennis Premier League

MUMBAI: After a prolific presence on television with some of the most popular shows like Mahabharat, Porus, RadhaKrishn and many more, writer,  director and producer Siddharth Kumar Tewary, founder of Swastik Productions has now set his eyes on the Tennis Premier League. Siddharth Kumar Tewary has...

MAM Marketing MAM
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/10/17/mahindra.jpg?itok=9hhtiJme
India's First do-gooder festival cum Drive-a-thon festival, Mahindra Open Drive is here

Mumbai: The Mahindra Group has just announced the debut of an exciting new cultural outreach initiative called ‘Mahindra Open Drive’. This 2-day destination festival includes a road trip beginning in early November from four Indian cities - Mumbai, Pune, Hyderabad, and Bengaluru- culminating in a...

MAM Marketing MAM
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/10/17/tonic.jpg?itok=26bMlVp-
Tonic Worldwide selected as Finalist for Best Use of Images in the Shorty Social Good Awards

MUMBAI: Tonic Worldwide, an independent digital agency, has been selected as a Shorty Social Good Award Finalist for Aditya Birla Group’s - Art Made out of Air Pollution in the Best Use of Images Category.

MAM Marketing MAM
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/10/17/crompton.jpg?itok=Dxyph4xZ
Crompton Greaves will let you #CookSweatFree with ‘Air Buddy’

MUMBAI:  One of India’s foremost consumer durable brands, Crompton Greaves Consumer Electricals Ltd unveiled a new digital campaign - #CookSweatFree for its innovative kitchen fan ‘Air Buddy’ to highlight the ease of a sweat-free cooking without disturbing the gas flames in the kitchen.

MAM Media and Advertising Ad Campaigns
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/10/17/mc.jpg?itok=lSUrPhxM
McDonald’s launches two TVCs to promote festive “Ab Sabka Combo Chalega” offer

MUMBAI: To promote its offering of more than 30 combos a price of Rs 59, McDonald’s in West and South India (operated by Westlife Development Ltd through its wholly-owned subsidiary Hardcastle Restaurants Pvt Ltd) has launched two TVCs conceptualised by DDB Mudra, tapping into the festive season....

MAM Media and Advertising Ad Campaigns
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/10/17/media.jpg?itok=gZyMOoo0
[Podcast] Media Minds: Brandintellé to help brands do smart marketing during economic slowdown

MUMBAI: With economic slowdown impacting the marketing budgets of the whole industry, it has become quite important for brands to adapt to smarter solutions to implement their strategies with minimal wastage of funds and avoid course correction as much as they can. That’s where platforms like...

MAM Podcasts
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/10/17/saint.jpg?itok=N7xr3B79
Saint-Gobain Gyproc unveils new brand campaign “Ceiling Nahi Feeling Hai”

MUMBAI: Saint-Gobain India Pvt Ltd-Gyproc Business, a market leader in gypsum-based solutions, launched a new brand campaign “Ceiling Nahi Feeling Hai” with a TVC that will leverage the ongoing festive season. With the insight that doing up one’s ceiling is an emotional experience, starting from...

MAM Media and Advertising Ad Campaigns

Sign up for our Newsletter

subscribe for latest stories