PVR Limited announced its unaudited standalone and consolidated financial results for the quarter ended 30 June, 2015.
The consolidated revenues for quarter ended June 30, 2015 was Rs 486.8 crore as compared to 363.4 crore during the corresponding period of last year, up by 34%. Consolidated EBITDA for the quarter was Rs 113.3 crore (EBITDA Margin 23.3%) as against Rs 55.9 crore (EBITDA Margin 15.4%) in the same period last year, up by 103%. Consolidated PAT for the quarter was Rs 58.5 crore as against of s 7.5 crore in the same period last year up by 684%.
The company has delivered a strong financial and operational performance in the quarter on account of successful performance of films like Tanu Weds Manu, Fast & Furious, Piku, Avengers, ABCD, Jurassic World, Dil Dhadakne Do, Gabbar at the Box Office. The footfalls increased by 25% to 19 mn in the quarter while average ticket prices rose by 4% as against same period last year.
Food and beverage revenues showed a stellar growth of 46% over corresponding quarter of previous year, driven by increase in Average Spend per person of 16%. A 27% growth in sponsorship revenues reflected strong continuing positive performance year on year.
During the first 4 months, PVR added 10 screens across Bokaro & Vadodara and currently operates a network of 474 screens spread over 106 properties in 43 cities across the country. The company continues its aggressive expansion plans and intends to add approx another 50-55 screens in the remaining part of the year.
Commenting on the results and performance, Ajay Bijli, Chairman cum Managing Director, PVR Ltd said “This has been one of the best quarters in PVR’s operating history driven by strong box office performance. We see the momentum continuing in forthcoming quarters on back of strong content pipeline. Our growing circuit of high quality cinemas and our company-wide emphasis on customer service excellence remain critical factors in our ability to generate positive operating results over the long-term. We have maintained the position as the leading multiplex player in India and soon will pass the 500 screens mark in next few months.”