PVR Q4 net loss at Rs 36 crore

During the entire fiscal, company's consolidated net profit declined by 77% to Rs 12.76 crore from Rs 56.05 crore a year ago

Multiplex operator PVR Ltd today reported a consolidated net loss of Rs 36.35 crore for the fourth quarter ended March 31, 2015.

The company had posted a net profit of Rs 74 lakh for the same period of the previous fiscal, it said in a filing to the BSE.

PVR's net sales stood at Rs 297.04 crore during the quarter under review, up 5.40 per cent, as against Rs 314.02 crore in the same period of FY 2013-14.

During the entire fiscal, PVR's consolidated net profit declined by 77.23 per cent to Rs 12.76 crore from Rs 56.05 crore a year ago.

However, net sales during the fiscal 2014-15 were at Rs 1,477.12 crore, up 9.56 per cent, against Rs 1,348.11 crore a year ago.

Meanwhile, in a separate filing, PVR informed that its board has recommended a dividend of Rs 1 per share (of face value of Rs 10 each).

It also approved "in-principal merger of PVR Leisure Limited (a wholly owned subsidiary of PVR Limited) along with Lettuce Entertain You Limited, with PVR Limited".

PVR scrips closed at Rs 659.50 on the BSE, up 1.01 per cent from the previous close.