PVR declares FY20 Q3 results, witnesses growth of 8%

Box office revenues were up by 6% from Rs. 425 crores to Rs 453 crores

MUMBAI: PVR Ltd today announced its unaudited standalone and consolidated financial results for the quarter ended 31 December 2019.

Consolidated revenues for the quarter ended December 2019 were Rs 924 crore as compared to Rs 857 crore during the corresponding period of last year, witnessing a growth of 8 per cent. Consolidated EBITDA for the quarter was Rs 315 crores as against Rs 179 crore in the same period last year, witnessing a growth of 77 per cent. EBITDA margin for the quarter was 34.1 per cent. Consolidated PAT for the quarter was Rs 36 crore as compared to Rs 55 crore during the corresponding period of last year. After adjusting for the impact of Ind-AS 116 - Leases, EBITDA, and PAT of the company would have been Rs 188 crore and Rs 59 crore respectively. This would represent EBITDA and PAT growth of 5 per cent and 7 per cent respectively.

 The overall EBITDA margins of the company were 20.4 per cent (after excluding IND-AS 116 impact). The box office revenues for the quarter were up by 6 per cent from Rs 425 crore to Rs 453 crore. F&B revenues were up by 13 per cent from Rs 217 crore to Rs 244 crores supported by robust growth in average F&B spend per person of 12 per cent. Advertising revenues grew from Rs 112 crore to Rs 122 crore, up by 8  per cent in spite of challenging business environment on media spends by companies. The company has aggressively expanded its screen portfolio in the current financial year by adding 67 new screens across 11 properties and now operates a network of 825 screens spread over 173 properties in 71 cities across the country.

Commenting on the results and performance, PVR Ltd chairman and managing director Ajay Bijli said, “The operating and financial performance of the business for Q3has been robust amidst difficult macro-economic conditions. The box office performance has been satisfactory with strong performance from Bollywood and Hollywood film industry. The performance of the regional film industry, specifically Tamil and Telugu, however, has been below par in the current quarter resulting in muted growth in our overall box office performance. This truly reflects the strength of our business model and our strategy for a wide geographical distribution of our cinema footprint where we have reduced our dependence on any one film industry or region. Our operating performance on all other parameters remains strong and we continue to innovate and identify areas where we can serve our customers better. Our screen opening outlook remain strong and we are on track to open 90-100 new screens in the current financial year.”

Latest Reads
Oscar departs from norm; awards 'Parasite' multiple times

MUMBAI: The Academy of Motion Pictures Arts & Sciences sprang a few surprises at the Oscar Awards today. For starters, it rechristened the foreign language film category to best international feature film. It took that renaming pretty seriously by showering the South Korean film Parasite with...

Movies International
PVR to launch first 12-screen property in Delhi

MUMBAI: Banking on rising theatrical revenues, PVR, one of India’s biggest multiplex chain, will launch its first 12 - Screen Superplex at Vegas Mall, Dwarka, New Delhi, on Monday. The flagship property, biggest by PVR in India so far, will be launched in the presence of the starcast of the...

Movies Hindi
PUBG launches documentary film – ‘BE THE ONE’ on YouTube

MUMBAI: PUBG MOBILE has created a short documentary capturing the journey of homebred competitive players who boldly pursued their dreams of building a career in esports. The 21-minute long documentary film, aired on YouTube on November 4, and has already garnered over 8 lakh views. Three...

Movies Documentary
The biggest hollywood blockbusters will take over star movies in september

MUMBAI: The big India festive season has started and everyone is gearing up with their plans to celebrate it in the best possible avatar. When it comes to grand celebrations and larger than life content offering, no one does it better than Star Movies – the leading Hollywood destination of India.

Movies Hollywood
Get ready for a blockbuster date with 'Saturday Premiere Nights' at 8 only on &pictures

Having an exhausting week, and still struggling to figure plans for the weekend to unwind?  Well, &pictures, is all set to take you on a transcending journey with some big-ticket actors and superhit movies through its all-new offering ‘Saturday Premiere Nights’. Starting 17th August, &...

Movies Hindi
Critically acclaimed short film Half Full starring veteran Naseeruddin Shah and Vikrant Massey wins major accolade at ShortsTV’s Best of India Short Film Festival 2019 in Los Angeles

Critically acclaimed short films Half Full, featuring veteran actor Naseeruddin Shah and Vikrant Massey, and Counterfeit Kunkoo, written and directed by Reema Sengupta, were declared winners at ShortsTV’s Best of India Short Film Festival 2019 being held in Los Angeles.

Movies Short Films
Upcoming Bollywood Movies we are excited about in 2019

First half of 2019 saw some amazing movies like Gully Boy, Total Dhamaal and Bharat, But the later half of the year is sure to be more exciting with some really big budget Bollywood films set to release. The upcoming movies that we are really excited about in 2019 and early 2020 are… Student Of The...

Movies Hindi
Zee Entertainment Elevates Vibha Chopra as Head of Global Syndication & International Film Distribution

Mumbai -  Mr. Mukund Cairae, Chief Operating Officer - International Business at Zee Entertainment Enterprises Limited (ZEEL), announced the expanded role of Ms. Vibha Chopra to Head-Global Syndication & International Film Distribution at ZEEL.  She has taken over the global licensing and...

Movies International

Sign up for our Newsletter

subscribe for latest stories

* indicates required