PVR net profit at 42.81 cr

PVR on July 29, has posted its Q1FY17 results. Company has reported a net profit of Rs 42.81 crores, but the profits have marginally declined by 2 per cent as compared to Q1FY16. On the contrary EBITDA has increased by 4 per cent as compared to Q1FY16 and stands at Rs 116.65 crores. Net income from operations stands at Rs 570.24 crores, which has increased by 17 per cent as compared to the corresponding quarter of the previous fiscal. Operational profit was impacted by significant increase in employee benefit costs, rent, electricity and maintenance cost and other expenses.

The shares on the bourses on July 29, as at 3.02 pm are currently trading at Rs 1142, marginally down by 0.08 per cent. In the last 3 months, the shares have gained by 35 per cent. In the last six months, the scrip has given a return of 51 per cent. Shares' 52-week High/Low stands at Rs 1176/646.

PVR Ltd., is an Indian Multiplex cinema exhibition company. The company operates a film distribution and production business through PVR Pictures, a subsidiary of the company. The company's geographically diverse cinema circuit in India consists of 33 Cinemas with 142 screens spread over Delhi, Faridabad, Gurgaon, Ludhiana, Ghaziabad, Mumbai, Bangalore, Hyderabad, Chennai, Lucknow, Indore, Aurangabad, Baroda, Allahabad, Chhattisgarh, Ahmadabad, Latur and Raipur.