PVR announces results for the Quarter and Half-year Ended Sep 30, 2018

MUMBAI: PVR Limited today announced its audited standalone and consolidated financial results for the quarter ended 30th September, 2018

Consolidated revenues for quarter ended September, 2018 were Rs. 715 crores as compared to Rs. 560 crores during the corresponding period of last year, witnessing a robust growth of 28 per cent led by a 25% growth in admissions. Consolidated EBITDA for the quarter was Rs. 130 crores as against Rs. 96 crores in the same period last year, a growth of 36%. EBITDA margins for the quarter increased by 110 bps to 18.2%. Consolidated PAT for the quarter was Rs. 33 crores as compared to Rs. 25 crores during the corresponding period of last year, a growth of 31%.

The revenues for half-year ended September 2018 were Rs. 1,415 crores as compared to Rs. 1,213 crores during the corresponding period of last year, witnessing a growth of 17 per cent. Consolidated EBITDA for the half-year was Rs. 272 crores as against Rs. 227 crores in the same period last year, witnessing a growth of 20%. EBITDA margins for the half-year increased by 50 bps at 19.2%. Consolidated PAT for the half-year was Rs. 85 crores as compared to Rs. 70 crores during the corresponding period of last year, a growth of 22%.

During the current financial year, PVR added 34 new screens across 7 properties and now operates a network of 727 screens spread over 156 properties in 61 cities across the country. The company intends to add 99 screens in FY 18-19.

During this quarter, PVR completed acquisition of majority stake in SPI Cinemas, one of the largest cinema exhibitor in South India with presence in key markets of Tamil Nadu, Telangana, Andhra Pradesh, Karnataka, Kerala and Mumbai. SPI Cinemas has a network of 76 screens (72 operational & 4 expected to commence operations soon) across 17 properties & 10 cities. Further during this quarter PVR also renewed its ticketing agreement with BookMyShow and Paytm for 3 years for a total upfront consideration of INR 410 crores.

Commenting on the results and performance, Mr. Ajay Bijli, Chairman cum Managing Director, PVR Ltd said “We are extremely pleased with the business performance in the current quarter with strong all round performance led by strong footfall growth. Our acquisition of SPI Cinemas in the current quarter has further cemented our leadership position in India. Post this acquisition PVR has become 7th largest cinema operator globally, serving over 100 million customers annually.

We will continue to innovate and find newer ways to provide our customers with unparalleled movie watching experience by introducing cutting edge technology, newer cinema formats and innovative customer engagement initiatives. Our introduction of PVR Onyx Screen in PVR ICON, Vasant Kunj, New Delhi, continued focus on building on our loyalty program PVR Privilege, initiatives such as seat cancellations are steps in that direction. We are extremely excited by the growth prospects of our business and will continue to work towards taking the business to the next level.

Latest Reads
Fullerton India launches a Pan India integrated campaign ~ Rishta Sammaan Ka ~ Redefining relationships and fulfilling dreams

MUMBAI: Fullerton India, one of the leading NBFCs with a pan India presence, today unveiled its customer centric campaign, which reflects its brand promise – Rishta Sammaan Ka. The comprehensive and emotional campaign is based on real life experiences of its customers.

MAM Marketing MAM
Pantaloon launches ‘Doston Wali Diwali’ campaign

MUMBAI: Pantaloons, India's fast fashion brand from Aditya Birla Fashion and Retail Ltd, gears up to celebrate the festival of lights with a heart-warming campaign ‘Doston Wali Diwali’. This thematic campaign is based on the premise that Diwali is always celebrated with loved ones and Pantaloons...

MAM Media and Advertising Ad Campaigns
Zivame Partners with Stratbeans to Upskill Employees with an Advanced LMS

MUMBAI: Zivame, India's leading online lingerie retailer has selected Stratbeans, to digitally train its employees. As a leading LMS provider, Stratbeans will empower the former’s employees through advanced digital learning and performance support solutions to enhance their performance and hence,...

MAM Marketing MAM
Buzzone Influencer Marketing expands india leadership team with appointment of Arun Upadhyay as national sales head

MUMBAI: BuzzOne Influencer Marketing, a leading influencer marketing agency announced the expansion of its India Leadership team with the appointment of Arun Upadhyay as National Sales Head of the firm.

MAM Marketing MAM
BIG FM, Dentsu Webchutney’s ‘BIG Mahalaya’ Campaign gets Social Media talking this Durga Puja

MUMBAI: For 87 years, Bengalis all over India have been tuning into Mahisasur Mardini - a radio program in the voice of the legend, Birendra Krishna Bhadra. And with this, for 87 years, Bengalis have been waking up to Birendra Krishna Bhadra’s Mahalaya – a chant that summons the beginning of Durga...

MAM Marketing MAM
WPP to host India’s first edition of ‘WPP Commerce’ in Mumbai on October 16, 2019

MUMBAI: WPP will host its first-ever WPP Commerce event in India. Held at the Four Seasons Mumbai, the half-day event will feature open dialogue with global and local experts, along with workshops on ecommerce essentials and thought leadership.

MAM Marketing MAM
Vu Televisions emerge as market leaders in large size and 4K category in India

MUMBAI: California-Indian Luxury TV player, Vu Televisions beats Sony, in the 4K television category. The brand has emerged as a market leader with its 4K range of smart TVs reporting sales of over 1,50,000 sets in the second half of 2019. With the increasing demand for smart televisions in the...

MAM Marketing MAM
3rd Bharat Diamond week all set for flying start

MUMBAI: The third edition of Bharat Diamond Week (BDW) saw a flying start with an august inauguration at Bharat Diamond Bourse (BDB), in the august presence of Mr. Evgeny Agureev (Deputy CEO, Alrosa), Mr. Nanhai Yan (Vice President, Shanghai Diamond Exchange), Mr. Ashok Gajera (MD, Laxmi Diamond),...

MAM Marketing MAM
Snapdeal’s Brand Registry helps sellers protect their registered brands

MUMBAI: Snapdeal, India’s largest value-focused online marketplace, is scaling up its brand registry program, which helps protect sellers having their own registered brands from brand infringements on its marketplace. Snapdeal has more than 500,000 registered sellers, who together have more than...

MAM Marketing MAM

Sign up for our Newsletter

subscribe for latest stories