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PVR inches up after good Q2 outcome

Capital Market 

PVR rose 0.55% to Rs 1829.50 after consolidated net profit rose 35% to Rs 47.67 crore on a 37% increase in total income to 979.40 crore in Q2 September 2019 over Q2 September 2018.

The consolidated adjusted EBITDA rose 54% to 200.64 crore while the EBITDA margin rose 230 bps to 20.5% during the September quarter. The result was announced during market hours today, 17 October 2019.

Pursuant to the scheme of amalgamation approved by the National Company Law Tribunal, New Delhi, vide its order dated 23 August 2019 SPI Cinemas was merged into PVR with effect from the appointed date of 17 August 2018.

Meanwhile, the S&P BSE Sensex was up 330 points or 0.86% to 38929.09.

On the BSE, 47,234 shares were traded in the counter so far compared with average daily volumes of 14,153 shares in the past two weeks. The stock hit a high of Rs 1856.6 and a low of Rs 1807 so far during the day.

The stock hit a 52-week high of Rs 1897.95 on 26 Sep 2019. The stock hit a 52-week low of Rs 1220 on 25 Oct 2018.

PVR is a premium film exhibition company.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, October 17 2019. 14:09 IST