PVR Ltd share price climbed over 2 per cent intraday on Monday after the multiplex major on Sunday launched Superplex, a premium concept that will house 15 movie screens in one multiplex. According to reports, PVR is also looking to double its screen count in the next three years to reach 1,000 screens. The company has 516 screens under its belt.
Later, shares of PVR settled 0.19 per cent up at Rs 715. Sensex closed 371.16 points, or 1.46 per cent, down at 24,966.40.
Located at the Logix City Centre in Noida, Uttar Pradesh, Superplex is the latest addition to PVR’s wide array of cinema concepts, which includes PVR Heritage, PVR Premier, PVR IMAX, PVR Director’s Cut, PVR Gold Class, PVR Premiere and PVR Icon. Ticket prices at PVR Superplex will start from Rs 150 and go up to Rs 1,000. READ MORE
For the quarter ended December 2015, PVR reported consolidated net profit of Rs 29.88 crore, down 5.29 per cent, against Rs 31.55 crore in the same quarter last year.
In the past one year, the share price of PVR advanced 3.33 per cent to Rs 713.65, whereas BSE Sensex slipped 10.13 per cent during the same period.