PVR Ltd’s consolidated revenues up 32% for FY19
During the current financial year, PVR Limited has added 138 screens
Published - 2 days ago
PVR Limited has announced its audited standalone and consolidated financial results for the quarter and year ended March 31, 2019.
The consolidated revenue for quarter ended March 31, 2019, was Rs 846 crore as compared to Rs 592 crore during the corresponding period of last year, thus witnessing a growth of 43 per cent.
The consolidated EBITDA for the quarter was Rs 169 crore as against Rs 102 crore in the same period last year, a growth of 66 per cent. EBITDA margins for the quarter increased by 280 bps from 17.2 per cent during the corresponding period last year to 20 per cent during the current period. The consolidated PAT for the quarter was Rs 47 crore as compared to Rs 26 crore during the corresponding period of last year, a growth of 78 per cent.
The consolidated revenues for financial year ending March 31, 2019 was Rs 3,119 crore as compared to Rs 2,365 crore during the corresponding period of last year, witnessing a growth of 32 per cent. Consolidated EBITDA for the year was Rs 619 crore as against Rs 433 crore in the same period last year, witnessing a growth of 43 per cent. EBITDA margins for the year were 19.9 per cent which was higher by 160 bps as compared to FY18. Consolidated PAT for the year was Rs 184 crore as compared to Rs 125 crore during the corresponding period of last year, a growth of 47 per cent.
During the current financial year, PVR has added 138 screens. This also included screen additions made by the company on acquisition of SPI Cinemas to further strengthen its presence as India’s leading cinema exhibitor. The company continues to focus on aggressive screen expansion across the country and bring best cinematic experience to Indian moviegoers.
Commenting on the results and performance, Ajay Bijli, Chairman-cum-Managing Director, PVR Ltd said, “FY 2019 was truly a historic year for PVR and we have been able to achieve new heights in our operating performance. We crossed the landmark of 750 screens and served almost 100mn patrons, a feat which placed us amongst top 10 cinema chains globally in terms of admits. The year also saw one of the best box office performances with movies across genre attracting customers to the cinema. Further recent reduction of GST rate on movie tickets above ₹ 100 from 28% to 18% and for movie tickets below ₹ 100 from 18% to 12% will further make this experience accessible to larger population. We would continue to innovate and provide an unmatched movie watching experience to our consumers.”For more updates, subscribe to exchange4media's WhatsApp Channel- https://bit.ly/2QUdLCK