PVR shares jump over 5% on surge in Q1 earnings

Shares of movie theatre chain PVR today climbed over 5 per cent as the company reported more than sevenfold jump in consolidated net profit for the quarter ended June 30.
The stock ended the day 5.36 per cent higher at Rs 859.70 on BSE. During the day, it gained 6.86 per cent to Rs 872 -- its 52-week high.
At the NSE, shares of PVR surged 5.25 per cent to Rs 857.85 at close.
The company's market valuation rose by Rs 181.94 crore to Rs 3,571.94 crore.
On the volume front, 3.42 lakh shares of the company changed hands at BSE and over 24 lakh shares were traded at the NSE during the day.

PVR Ltd today reported an over sevenfold jump in its consolidated net profit at Rs 58.05 crore for the quarter ended June 30, on higher sales.

The company had reported a consolidated net profit of Rs 7.66 crore for the April-June quarter of the last fiscal, it said in a BSE filing.
The company's net sales during first quarter of 2015-16 fiscal stood at Rs 485.36 crore, up 34.09 per cent as against Rs 361.95 crore in the year-ago period.
PVR also plans to raise Rs 500 crore from issue of non-convertible debentures (NCDs) and Rs 350 crore through allotment of shares to Plenty Cl Fund I Ltd, Multiples Private Equity Fund II LLP and Plenty Private Equity Fund I Ltd on preferential basis.

The company said its Board has approved "issue of non convertible debentures for a sum not exceeding Rs 500 crore subject to approval by the members of the company in the forthcoming Annual General Meeting," PVR said in a separate filing.