PVR Q2 profit seen down 43%, margin may contract 300 bps

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Multiplex chain operator PVR is expected to report a 43 percent degrowth in second quarter profit at Rs 23.35 crore on yearly basis due to weak operational performance.

Revenue during the quarter is seen rising 12 percent to Rs 529 crore compared with Rs 474 crore in same period last fiscal, according to average of estimates of analysts polled by CNBC-TV18.

Operating profit may fall 4 percent year-on-year to Rs 86.6 crore and margin may contract by 300 basis points to 16 percent in Q2.

Factors to watch-Average ticket prices are seen around Rs 200-Food and beverages revenues may grow by 15 percent to Rs 137 crore-Net ticketing revenues may decline 1.5 percent to Rs 273 crore-Footfalls may be around 19 million, impacted by subdued content-Advertising revenue may grow 24 percent YoY to Rs 57.2 crore