PVR shares lose sheen, slide 7.5% on dismal earnings

Shares of multiplex operator PVR today fell sharply by up to 7.5 per cent after the company reported a consolidated net loss of Rs 36.35 crore for the quarter ended March 2015.
The stock went down 6.86 per cent to Rs 619.65 on BSE.
On NSE, it lost 7.47 per cent to Rs 616.
PVR on Friday reported a consolidated net loss of Rs 36.35 crore for the quarter ended March 2015 as there was no big release during the ICC Cricket World Cup period.
The company had posted a net profit of Rs 0.74 crore for the same period previous fiscal, PVR said in a filing to BSE.

The company'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 2013-14.