PAT for Q3, 2011-12 remains Rs 8.92 crores compared a loss to Rs 13.26 crores in the corresponding quarter of last year

BestMediaInfo Bureau | Delhi | January 31, 2012

PVR PVR reports higher revenues in Q3 FY12PVR Limited has announced its unaudited standalone and consolidated financial results for the quarter ended 31st Dec, 2011.

The consolidated revenues for Q3, 2011-12 were Rs 138.96 crores as compared to Rs. 133.60 crores during Q3, 2010-11, up by 4%. PAT for Q3, 2011-12 was Rs 8.92 crores compared a loss to Rs 13.26 crores in Q3, 2010-11.

The exhibition business showed a momentous performance in Q3, 2011-12. The Exhibition business revenues for Q3, 2011-12 was Rs 125.84 crores as compared to Rs 103.87 crores in Q3, 2010-11, up by 21%. EBITDA for Q3, 2011-12 was Rs. 23.41 crores as compared to Rs 21.98 crores in Q3, 2010-11, up by 7%. PAT for the Exhibition biz during Q3, 2011-12 was Rs. 8.18 crores as against Rs 8.04 crores in the same period a year earlier.

In continuation of the positive operating momentum we established in Q2, FY 2011-12, The Exhibition business in Q3, FY 2011-12 has been able to exhibit promising growth in revenues led by 28% growth in footfalls. During the quarter the company had 6.6 million footfalls in its cinemas. Admissions revenue, the company’s biggest top-line contributor, jumped 15%. Food and beverage revenues has shown a growth of 40% during the quarter under review. Advertising and sponsorship revenues have shown a healthy growth of 26% over corresponding period of last year.

Commenting on the results and performance, Ajay Bijli, Chairman cum Managing Director, PVR LTD, said, the revenues and occupancies in Q3, 2011-12 has shown a robust growth over the corresponding period of previous 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 . This is demonstrated by the fact that PVR’s average revenue per screen across its cinema circuit is almost 25% higher than our competition. We are encouraged by the robust growth in Footfalls and remain optimistic regarding the upcoming holiday film slate.

Bollywood@BestMediaInfo.com

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