PVR Q3 net profit up 27.8% to Rs 28.28 crore

Multiplex chain operator PVR Ltd today reported a 27.84 per cent increase in its standalone net profit at Rs 28.28 crore for the third quarter ended on December 30, 2017.

The company had reported a net profit of Rs 22.12 crore for the October-December quarter of last fiscal, PVR said in a regulatory filing.

Its total income during the quarter under review stood at Rs 550.06 crore, up 7.12 per cent as against Rs 513.49 crore of the corresponding period a year ago.

Total expenses were at Rs 507.15 crore as against Rs 477.79 crore, up 6.14 per cent.

PVR's net box office revenue was up by 8 per cent at Rs 293.1 crore in October-December FY2017-18, compared to Rs 272.1 crore of the corresponding quarter of previous year.
 

"Net F&B revenue was up by 7 per cent from Rs 134.9 crore to Rs 143.8 crore led by strong growth of 12 per cent in spend per head. Ad revenue grew by 11 per cent & increased to Rs 86.7 crore in the current quarter as compared to Rs. 78.4 crore in the same period last year," said PVR in a statement.

PVR operates 612 screens spread over 132 properties in 51 cities across the country.

Shares of PVR closed at Rs 1,461.15, up 2.83 per cent, on BSE today.