PVR hits new high of Rs 1,686; stock up 17% in one month

PVR had reported 79 per cent YoY jump in consolidated net profit at Rs 52 crore for the quarter ended Q3FY19, on back of healthy revenue

Shares of multiplex chain PVR hit a new high of Rs 1,686, up 3 per cent, on the BSE on the expectation of healthy earnings growth in the March quarter. The stock has outperformed the market by gaining 17 per cent in the past one month, as compared to a 7 per cent rise in the S&P BSE Sensex.

PVR had reported 79 per cent year-on-year (YoY) jump in consolidated net profit at Rs 52 crore for the quarter ended December 31, 2018 (Q3FY19), on back of healthy revenue. The company’s consolidated revenue grew 53 per cent at Rs 857