PVR Dec quarter profit jumps 55 pc to Rs 14.16 crore

Company had posted a net profit of Rs 9 crore in the same quarter of the previous fiscal

Multiplex operator PVR Ltd today reported a 55.09% increase in consolidated net profit at Rs 14.16 crore for the third quarter ended December, 2013.

The company had posted a net profit of Rs 9.13 crore in the same quarter of the previous fiscal, PVR Ltd said in a statement.

Total consolidated income during the quarter stood at Rs 337.29 crore compared to Rs 199.33 crore in the year-ago period.

During the October-December period, PVR crossed a milestone of 400 screens in India, consolidating its position in multiplex space.

The company operates a network of 408 screens spread across 39 cities in the country.

Shares of the company closed at Rs 536.40 apiece, down 11.15% on the BSE.