HomeNewsBusinessEarningsPVR Q1: Analysts expect net at Rs 14.5cr, sales at Rs 310cr

PVR Q1: Analysts expect net at Rs 14.5cr, sales at Rs 310cr

Analysts feel the robust seat additions, successful films and higher footfalls will drive PVR's revenue and profit growth during the June quarter.

July 30, 2013 / 13:26 IST
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Multiplex chain PVR is expected to report consolidated net profit of Rs 14.5 crore on revenues of Rs 310 crore in April-June quarter, according to a CNBC-TV18 poll.


Analysts expect EBITDA at Rs 55 crore and margin 17.7 percent for the quarter.
The first quarter performance will include Cinemax earnings; hence numbers are not comparable on yearly and quarterly basis.
Analysts feel the robust seat additions, successful films and higher footfalls will drive revenue and profit growth during the June quarter.
In first quarter, two movies - Yeh Jawani Hai Diwani and Aashiqui 2 - grossed over Rs 100 crore.
Meanwhile, the rise in interest costs due to Cinemax acquisition will be a key drag on profitability.
Analysts expect PVR including Cinemax to see a strong jump of 16.5 percent Y-o-Y in footfalls to around 14.5 million, driven by higher occupancy and aggressive property addition.
According to a poll, average ticket price is expected to increase from Rs 160 to Rs 174 for PVR and Rs 143 to Rs 160 for Cinemax.
first published: Jul 30, 2013 01:26 pm

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