HomeNewsBusinessEarningsPVR Q1 profit likely to rise 5%, revenue growth seen up 14%

PVR Q1 profit likely to rise 5%, revenue growth seen up 14%

Operating profit is likely to increase 4 percent year-on-year to Rs 126 crore but margin may contract 200 basis points to 19 percent in June quarter, according to average of estimates of analysts polled by CNBC-TV18.

July 26, 2017 / 14:47 IST
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PVR | GEM Equity has acquired 3.5 lakh equity shares in company at Rs 1,315.11 per share on the NSE.
PVR | GEM Equity has acquired 3.5 lakh equity shares in company at Rs 1,315.11 per share on the NSE.

India's largest Multiplex chain PVR is expected to report a 5 percent growth in first quarter profit at Rs 43 crore and 14 percent growth in revenue at Rs 650 crore compared with year-ago quarter.

Operating profit is likely to increase 4 percent year-on-year to Rs 126 crore but margin may contract 200 basis points to 19 percent in June quarter, according to average of estimates of analysts polled by CNBC-TV18.

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Key monitorables

-Average ticket price may increase 10 percent YoY
-Footfalls are expected to be up 2-3 percent
-Advertising revenue growth may be around 17-19 percent