PYRAMID SAIMIRA THEATRE LIMITED (PSTL) is the listed company of the Pyramid Saimira Group. It has two distinct divisions, viz., Exhibition (theatre chain) and Food & Beverages (food courts and canteens). It also acts as a holding/ investment company for other group companies, which operate in related businesses in the media and entertainment value chain. PSTL's turnover for the year ending 31.3.08 stood at Rs 749.31 crores with a PAT of Rs. 57.87 crores, as against corresponding figures of Rs 164.76 crores and Rs 13.43 crores for the previous year. This leap forward is attributable to the addition of 500 screens during the year. As on 31.3.08, the company operated a total of 765 screens, with a seating capacity of 4.86 lakhs and registered a foot fall of 175 million people with an average revenue of Rs 40.05 per patron, during the year. The average capacity utilization for the year under review stood at 36.40%.
The Group has posted an impressive consolidated turnover of Rs 1,062 crores with a Net Profit of Rs 117.93 crores, during the year ended March 31, 2008. This was made possible by both organic development and through acquisition of allied business segments in the media and entertainment field, resulting in the creation of a holistic entertainment giant. The Group acquired FunAsia, a popular theatre chain in the USA and a gaming and animation company, Aurona Technologies Limited, in the UK, during the year. As a forward integration strategy, PSTL also acquired a domestic Cinema Advertising Company, Dimple Cine Advertising (P) Limited. The Group now has a major presence in most entertainment verticals viz. Production, Post Production, Distribution, Exhibition, Gaming, Advertising & OOH and DTH.
Commenting on the performance of the company, Mr. P. S. Saminathan, Group Chairman, PYRAMID SAIMIRA, said, "The year 2007-08 has been a memorable one for all of us at Pyramid Saimira. We have seen a number of milestones, expanded into 6 countries, added eight more business segments and redefined the entertainment space in India. We also brought into our fold, as many as 500 screens this year, taking the total number of screens at our command, up to 765. While the year 07-08 has been marked by rapid growth and expansion , during the current year, we intend looking towards integrating and unifying the synergies across the group and focus on excellent governance standards, to deliver consistent growth, stability with reliability to all our stakeholders".
During the year under review, the Group initiated a step by step approach in consolidating and designing the basic HR functions, to manage one of the largest theatre chain companies in the world. The Group's key talent acquisition to increase the Human Capital Management was constantly energized. Considering the key challenges of execution and management bandwidth, the Group underwent a major vertical reorganisation exercise. It has put in place extensive systems / procedures and internal control.
The Group's business expertise is shared through effective Knowledge Management System. The Group has made substantial investments in state-of
