 "PVR net profit up 35% to Rs 47.67 crore in Q2 over strong revenue growth")
Multiplex chain operator PVR posted a 35 per cent year-on-year (YoY) rise in net profit to Rs 47.67 crore for the second quarter (Q2) of the financial year, beating estimates on the back of strong revenue growth.
The revenue from operations grew 37 per cent YoY to Rs 973.18, riding on good movie releases.
The profit before tax came in at Rs 73.49 crore, against Rs 55.51 crore in the same quarter a year ago. Analysts, however, pointed out that apart from revenues the profit and earnings before interest and tax
(Ebit) numbers were not comparable on a YoY basis as the company adopted new accounting standards.
Anshul Agarwal of SBICap Securties said PVR had had a good quarter in terms of revenue growth.
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