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PVR sees Q1 FY23 as biggest-ever quarter, records highest revenue and profitability

But, cinema advertising was 32 percent lower than pre-COVID levels.

July 21, 2022 / 09:03 PM IST
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Representative image.

 
 
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Multiplex operator PVR reported strong recovery in box office business, food and beverage revenue in Q1 FY23, after facing a severe impact on business due to the pandemic in the last two years.

The April-May-June period saw the best-ever quarterly performance across all parameters in Q1 FY23, the company said.

ALSO READ: PVR 27th AGM |2022 will be one of the best years for business, says chairman

"This is the highest ever quarter for PVR which is even bigger than pre-pandemic. We have never done Rs 1,000 crore quarterly revenue or Rs 208 crore quarterly EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation). It is the highest quarter, both in terms of revenue and profitability," Nitin Sood, CFO, PVR Limited, told Moneycontrol.