The consolidated revenues for quarter ended June 30, 2012 was Rs 177.36 crores and EBITDA was Rs. 34.60 crores

BestMediaInfo Bureau | Delhi | August 2, 2012

PVR PVR EBITDA up 52% in Q1 2013PVR Limited has announced its unaudited standalone and consolidated financial results for the quarter ended June 30th 2012.

The consolidated revenues for quarter ended June 30, 2012 was Rs 177.36 crores as compared to Rs. 117.36 crores during the corresponding period of last year, up by 51%. Consolidated EBITDA for the quarter was Rs. 34.60 crores as against Rs 22.77 crores in the same period last year, up by 52%. PAT for the quarter was Rs 7.81 crores.

The exhibition/production business (PVR Standalone) showed a strong performance in the quarter under review. The standalone revenues in the quarter ended June 30, 2012 increased to Rs 158.74 crores from Rs 104.70 crores in the same period last year, up by 52%. EBITDA for the quarter was Rs. 33.44 crores as compared to Rs 19.54 crores in corresponding period of last year, up by 71%. PAT for the quarter was Rs. 7.98 crores.

The Exhibition business showed a growth of 33% in the overall revenues driven by strong box office performance and food & beverage revenues. During the quarter the company had 7.53 million footfalls in its cinemas, up by 36% as compared to corresponding quarter of previous year. Food and beverage revenues also grew by 52% over corresponding quarter of previous year

During the quarter under review and subsequent period the company added 3 new multiplexes with 13 screens at Jalandar, Ujjain and Ludhiana. The company at present operates 41 properties with 179 screens in 24 cities across the country.

The company has significant expansion plans and intends to add another 69 screens for the remainder of FY 2012-13 in key markets like Pune, Bangalore, Nagpur, Mumbai, Mysore, Bilaspur, Panipat, Kolkatta, Vijaywada, etc. The company’s subsidiary PVR bluO is also setting up bowling centers across the country with 4 new centers with 80 lanes slated to open in FY 2012-13

Commenting on the results and performance, Ajay Bijli, Chairman cum Managing Director, PVR Ltd said, the revenues and profitability in the quarter has shown a robust growth over the same period last year. The good results is a function of Company’s long term location strategy to partner in best mall developments in the country, its unique design philosophy, strong customer focus and a unique brand positioning. We are encouraged by the robust growth in footfalls and remain buoyant regarding the potential for box office success for the remainder of FY 2012-13.

Bollywood@BestMediaInfo.com

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