Friday, November 15, 2019
News

PVR reports 35 pc jump in Q2 profit at Rs 48 crore

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

New Delhi | October 17, 2019 3:41:54 PM IST
Multiplex cinema operator PVR Ltd on Thursday reported 35 per cent year-on-year jump in its consolidated net profit at Rs 47.8 crore for the second quarter of current financial year.

India's largest film exhibition company had posted a net profit of Rs 35.47 crore in the July to September quarter of last year.

The consolidated revenue jumped 37.4 per cent to Rs 973.2 crore in Q2 FY20 over Rs 708.5 crore in Q2 FY19. Earnings before interest, taxes, depreciation and amortisation (EBITDA) worked out to Rs 318 crore

The expenditure increased by 37.4 per cent to Rs 905.7 crore against Rs 659.14 crore in the same period last year. The jump was due to rising movie exhibition cost, consumption of food and beverages, and employee benefits expenses.

PVR has organised its operations into three business segments: movie exhibition, movie production and distribution & others. It operates a cinema circuit of 800 screens at 170 properties in 69 cities (21 states and union territories).

In August 2018, the company had announced acquisition of 71.69 per cent stake in SPI Cinemas for about Rs 633 crore in an all-cash deal. It acquired Cinemax in 2012 and took over DT Cinemas in the year 2016.

(ANI)

 
  LATEST COMMENTS ()
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE BUSINESS NEWS
Not shifting away from Act East Policy: ...
Govt to set up North East Industrial Cor...
GoAir grounds flight crew for overshooti...
ED arrests Malvinder Singh, Sunil Godhwa...
Airtel slips into Rs 23,045 cr Q2 net lo...
Oct wholesale price inflation eases to 0...
More...
 
INDIA WORLD ASIA
JNU students to intensify protest on Fri...
On Children's Day, Sonowal launches app ...
AGR fallout: Vodafone Idea posts Rs 50,9...
IT raids at 37 premises of BMC contracto...
SC cites US anti-race law for women entr...
Delhi Bar provides fresh oxygenated air ...
More...    
 
 Top Stories
BRICS nations to deny safe haven to... 
Jordan, Russia sign deal to boost c... 
Modi bats for boosting intra-BRICS ... 
'Chal Jeet Le Ye Jahan' to feature ... 
Manushi Chillar to star opposite Ak... 
US officials to travel to India nex... 
US expresses concern over threat to... 
Twitter trolls Pak's Tech minister ...