PVR Q1 Net up 80 pc at Rs 13.60 crore
Multiplex chain operator PVR Ltd today reported 79.89 per cent increase in consolidated net profit at Rs 13.60 crore for the first quarter ended June 30, 2013. The company had reported net profit of Rs 7.56 crore in the same period a year ago. PVR's net sales were at Rs 334.45 crore in the quarter under review, an increase of 87.24 per cent as against Rs 178.62 crore in the corresponding quarter last year, the company said in a filing to BSE.
Segment wise, its revenue from movie exhibition went up 111.46 per cent to Rs 313.08 crore, movie production and distribution declined 72.48 per cent to 6.32 crore and others went up 98.21 per cent to 18.91 crore. Total expenses of the company were at Rs 294.04 crore, an increase of 79.25 per cent as against Rs 164.03 crore in the same period last year. Meanwhile, company's shares closed at Rs 340.65 apiece on BSE, up 0.50 per cent from the previous close.