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PVR's FY17 profit after tax dips 4% on higher costs, despite revenue growth

Company registered a 14% growth in revenue at Rs 2,182 cr in FY17

Urvi Malvania  |  Mumbai 

Despite posting a 14 per cent revenue growth in FY17, the Ajay Bijli-led multiplex chain PVR Ltd's profit after tax (PAT) has gone down by 4 per cent due to escalated costs (15 per cent growth year-on-year). Company’s revenue stood at Rs 2,181.68 crore in FY17 as compared to Rs 1,913.04 crore in the previous financial year. Expenditure saw a 15.29 per cent jump to Rs 2,024.77 crore from Rs 1,756.18 in the previous financial year. Meanwhile, its operating profit remained almost falt at Rs 156.91 crore from Rs 156.86 crore in FY16. PAT for the year under review stood ...

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First Published: Tue, May 30 2017. 18:20 IST
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