PVR announces results for the Quarter & Year ended 31st March, 2016 - MYREALITY.In, Real Estate, Share Market, Mutual Fund, Insurance
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PVR announces results for the Quarter & Year ended 31st March, 2016

PVR announces results for the Quarter & Year ended 31st March, 2016

PVR Limited today announced its audited standalone and consolidated financial results for the quarter and year ended 31st March, 2016
The consolidated revenues for quarter ended March 31, 2016 was Rs 419 crores as compared to Rs. 301.5 crores during the corresponding period of last year, up by 39%. Consolidated EBITDA for the quarter was Rs. 52.9 crores as against Rs 12.7 crores in the same period last year, up by 317%.
The consolidated revenues for FY 2015-16 was Rs 1,897 crores as compared to Rs 1,486 in FY 2014-15, up by 28%. Consolidated EBITDA for FY 2015-16 was Rs 358.2 crores (EBITDA Margin 18.9%) as against Rs 209.7 crores (EBITDA Margin 14.1%) in FY 2014-15, up by 71%. Consolidated PAT for FY 2015-16 was Rs 119.3 crores as against Rs 11.6 crores in FY 2014-15
The company has delivered a strong financial and operational performance in the quarter on account of successful performance of films like Bajirao Mastani, Wazir, Airlift, Neerja & Kapoor & Sons and at the Box Office.
Footfalls increased by 26% to 15.3 mn in the quarter against same period last year while the Average ticket prices rose by 9% as against same period last year. 

Food and beverage revenues showed a stellar growth of 50% over corresponding quarter of previous year driven by increase in Average Spend per person of 18%. A 19% growth in Sponsorship revenues reflected strong continuing positive performance year on year.
During the year PVR added 52 screens across Bokaro, Vadodara, Kolhapur, Chennai, Bangalore, Pathankot and Noida. PVR currently operates a network of 524 screens spread over 114 properties in 47 cities across the country. The company continues its aggressive expansion plans and intends to add approx. 60-65 screens including 8 screens in Lucknow and Panvel which have already opened in the current Financial Year
Commenting on the results and performance, Mr. Sanjeev Kumar, Joint Managing Director, PVR Ltd said “We were able to leverage the strong box office across a growing cinema network. This has been a landmark year for us as we became the first multiplex chain in India to cross the landmark of 500 screens in India
We see the momentum of performance continuing in FY 2016-17 on back of strong content pipeline and consumer demand. Our relentless pursuit of innovation & delivering the best movie viewing experience, 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.
About PVR Limited

            PVR is the largest and most premium film exhibition company in India. Since its inception in 1997, the brand has redefined the way entertainment is consumed in India. PVR currently operates a cinema circuit comprising of 524 screens at 114 properties in 47 cities, serving 70 million patrons annually. 

For further information, please refer to the PVR website:

PVR announces results for the Quarter & Year ended 31st March, 2016 Reviewed by S. Chitra on May 29, 2016 Rating: 5 PVR announces results for the Quarter & Year ended 31st March, 2016 PVR Limited today announced its audited standalone and consolid...

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