PVR is expected to post best-ever quarter in April-June period riding on films like Tanu Weds Manu Returns, Avengers, Fast & Furious, Piku and Dil Dhadakne Do. As per a CNBC-TV18 poll, PVR's Q1 net profit is likely to rise by a whopping 416 percent to Rs 39.7 crore from Rs 7.7 crore in corresponding quarter last fiscal.
During the quarter, its topline is seen growing 21.7 percent at Rs 441 crore versus Rs 362.3 crore in year-ago period. EBITDA is expected to rise 66 percent at Rs 90.8 crore against Rs 54.7 crore year-on-year while margins may grow 20.6 percent against 15.1 percent (Y-o-Y).
The company which is into production, distribution and exhibition business added 23 screens in Q1 FY16 taking the total number to 467 in India. Analysts polled by CNBC-TV18 say that blockbusters films this quarter will drive revenues and footfalls. Topline growth will be aided by higher number of screens, higher ticket prices, increased footfalls and increased spending per head. Margins may improve due to higher operating leverage.
As per estimates, occupancy is seen up at 38 percent from 34 percent (Y-o-Y), while footfalls may grow 15 percent at 17.4 million and average ticket price has likely increased 4 percent at Rs 179.
At 09:43 hrs PVR was quoting at Rs 826.00, up Rs 10.00, or 1.23 percent on the BSE.
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