Multiplex operator PVR Ltd on Friday reported narrowing of its consolidated net loss to Rs 10.25 crore for the fourth quarter ended March 31, on account of successful performance of some films.
It had posted a net loss of Rs 35.65 crore in the January -March quarter of the previous financial year 2014-15, the company said in a BSE filing.
Net sales of the company were up 38.18 per cent to Rs 410.45 crore during the quarter under review, as against Rs 297.04 crore in the year-ago period.
“Footfalls increased by 26 per cent to 15.3 million in the quarter against same period last year while the average ticket prices rose by 9 per cent as against same period last year,” PVR said.
Its revenue from movie exhibition was at Rs 377.87 crore in the fourth quarter of 2015-16 as against Rs 271.40 crore of the same period of the previous fiscal.
PVR’s earning from movie production and distribution was Rs 22.77 crore during the quarter, as against Rs 13.61 crore a year-ago. For ‘Others’ segment which includes bowling, gaming and
restaurants, it was Rs 17.33 crore as against Rs 17.27 crore of fourth quarter of 2014-15, respectively.
For the entire 2015-16 fiscal, PVR’s consolidated net profit was up over 9-fold to Rs 118.73 crore as against net profit of Rs 12.76 crore in the previous fiscal.
Its net sales were up 26.51 per cent to Rs 1,868.81 crore in 2015-16 as against Rs 1,477.12 crore in 2014-15.
During last fiscal, PVR added 52 screens across Bokaro, Vadodara, Kolhapur, Chennai, Bangalore, Pathankot and Noida.
PVR operates 524 screens spread across 47 cities.
The company’s stock closed 0.71 per cent down at Rs 837.60 on BSE.