Second Quarter Results: PVR Ltd
Shital Jibhe / 27 Oct 2016
PVR’s Q2FY17 consolidated numbers came in below our estimates. Revenue came in 19% lower than the estimated Rs 684 cr. EBITDA came in 30.3% below the estimated figure of 133 cr.
Consolidated Results Q2FY17: (Rs. in crore)
***EBITDA margin change is bps
PVR’s Q2FY17 consolidated numbers came in below our estimates. Revenue came in 19% lower than the estimated Rs 684 cr. EBITDA came in 30.3% below the estimated figure of 133 cr. And the company reported a net profit that was 50.6% lower than the estimate of Rs 59 cr.
The consolidated net revenue for the quarter was higher by 16.8% yoy to Rs 554.21 cr.
EBITDA rose by 6.3% yoy to Rs 93.04 cr and EBITDA margins contracted 165 bps yoy to 16.8%. This was primarily driven by employee benefit and other expenses growing by 24% yoy and 61% yoy, respectively.
Net profit declined 4.9% yoy to Rs 29.13 cr due to 57% yoy drop in other income.
Technical View:
PVR Ltd is currently trading at Rs. 1205, down by 24.15 points or 1.96% from its previous closing of Rs. 1229.15 on the BSE.
The scrip opened at Rs. 1235 and has touched a high and low of Rs. 1239 and Rs. 1198 respectively. So far 202743 (NSE+BSE) shares were traded on the counter. The stock is currently trading above its 50 DMA.
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