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:
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