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PVR Q3 net profit up 27.8% to Rs 28.28 crore

Business Finance

Press Trust of India  |  New Delhi 

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.

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

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First Published: Wed, January 31 2018. 16:15 IST