PVR Q2 net profit declines 66 per cent to Rs 9.20 crore

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New Delhi | October 31, 2014 3:58 PM

Multiplex operator PVR Ltd today reported a decline of 66.60 per cent in its consolidated net profit to Rs 9.20 crore....

Multiplex operator PVR Ltd today reported a decline of 66.60 per cent in its consolidated net profit to Rs 9.20 crore. (Reuters) Multiplex operator PVR Ltd today reported a decline of 66.60 per cent in its consolidated net profit to Rs 9.20 crore. (Reuters)

Multiplex operator PVR Ltd today reported a decline of 66.60 per cent in its consolidated net profit to Rs 9.20 crore for the quarter ended September 30.

The company had reported a consolidated net profit of Rs 27.55 crore for the July-September quarter of last fiscal.

However, PVR’s total consolidated income from operations during the second quarter increased 9.41 per cent to Rs 400.20 crore as against Rs 334.45 crore in the same period a year ago, the company said in a BSE filing.

PVR said its “standalone figures of the quarter ended September 30, 2014 are not comparable to the corresponding quarter ended September 30, 2013 on account of merger of CHPL, CIL and its subsidiaries with PVR Ltd.”

For the first half of the 2014-15 fiscal, PVR’s consolidated net profit also declined 59.02 per cent to Rs 16.86 crore as against Rs 41.55 crore in the same period a year ago.

However, PVR’s total consolidated income from operations in the first half increased 8.77 per cent to Rs 762.46 crore. It was Rs 700.96 crore in the same period last year.

Shares of PVR were trading 2.88 per cent down at Rs 690 per scrip during mid-session on the BSE.

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