PVR announces Q3 result

    PVR announces Q3 result

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    PVR Limited has announced its unaudited standalone financial results for the third quarter ending December 31st, 2009.

    Total consolidated revenues for the quarter ended December 2009, were Rs.11,428 lakh as compared to Rs.8,965 lakh during the same perdiod last year, up by 27 per cent. Earnings before interest, , depreciation and amortisation (EBITDA) for the quarter ended December 2009 was Rs.2,053 lakh as compared to Rs.1,841 lakhs in Q3 2008-09, up by 12 per cent. Profit After (PAT) for the quarter ended December 2009 was Rs.737 lakh, as compared to Rs. 450 lakh during the corresponding quarter of previous year, up by 64 per cent.

    The exhibition business revenues increased from Rs.8,192 lakh in Q3 2008-09 to Rs.9,851 lakh during the quarter under review, a growth of 20 per cent. Operating profit margins grew from 18 per cent in Q3 2008-09 to 23 per cent in Q3 2009-10 on back of sustainable revenues generated from operations and good movie content. PAT for the quarter ended December 2009 was Rs.859 lakh, as compared to Rs. 447 lakh during the corresponding quarter of previous year, up by 92 per cent.

    During the quarter the company had five million footfalls in its cinemas clocking an average occupancy of 37 per cent. The company intends to open another 28 screens by March 2010 in key markets such as Chennai, Ahmedabad, Allahabad, Ghaziabad etc. It has another 50 screens lined up for development in next financial year.

    — IndiaRetailing Bureau