Cinemax-PVR footfalls rise 17%; targets 437 screens by Dec

Ajay Bijli, chairman and managing director, PVR says the company is in sync with the right locations and hence has very good lease rentals.

PVR sees upswing in biz, higher ticket prices ahead

PVR business this season has been on upswing as it has not been affected by Indian Premiere League compared to previous years, says Pramod Arora, President & CEO of the company in an interview to CNBC-TV18. However, Arora expects a rise in the average ticket prices in the near term in-line with the inflation anticipated at 7-8 percent.

Hope to clock Rs 1,000cr revenue in FY13: PVR

Multiplex chain operator PVR on Tuesday said it has completed acquisition of a controlling stake in Cinemax India for Rs 395 crore. In an interview to CNBC-TV18, Ajay Bijli, CMD of PVR talked about the operational synergies. He said that as the final acquisition has happened, we are looking at getting lots of operational efficiencies.

Expect turnover of Rs 700cr in FY13: PVR

Nitin Sood, chief financial officer, PVR told CNBC-TV18 that the combined leverage of both PVR and Cinemax would be around Rs 600 crore once the entire transaction is over.

PVR expects solid performance in Q3: Pramod Arora

Pramod Arora, Group President & CEO, PVR, says that L Capital is a strategic investor or private equity investor but they will bring also bring lot of value along.

Focus is on entertainment, to add 69 screens this yr: PVR

Ajay Bijli, CMD of PVR said the company is not too dependent on movies; instead the focus is on location building and technology.

Aiming at 25% revenue growth in FY13: PVR

In an interview with CNBC-TV18, Nitin Sood CFO, PVR said that the company's bottom-line was affected due to a one-time exceptional charge of Rs 21 crore. However, the operating EBITDA for the fourth quarter of FY12 has seen strong growth, said Sood.

PVR Pictures to focus only on distribution, PVR to produce

PVR Pictures has finally got the nod to demerge the production business. Speaking to CNBC-TV18, Nitin Sood, chief financial officer of PVR says that post the demerger, PVR, the main entity shall handle the production business entirely. PVR Pictures will turn into a wholly-owned company that will focus only on the distribution business, he says.

On track to achieve 40 new openings by FY12 end: PVR

The company has reduced the average ticket prices to Rs 155 against Rs 167 earlier. PVR's occupancy rate improved in this quarter due to good film flow and its marketing tools to attract more people.

Expect to see 20% higher revenues in FY12: PVR

The much awaited Don 2 released today and PVR expects 80% occupancy rates for the movie in the first week. Pramod Arora, president and chief executive officer, PVR in an interview to CNBC-TV18 said,"We haven’t hiked the ticket prices, but for the weekend it seems like we are doing 100% occupancy,"

PVR eyes 22-25% EBITDA margin, 45-55 screens for FY12

PVR Ltd is eyeing EBITDA margin of 22-25% for FY12, with capex of45-55 screens by year end.

PVR focuses to roll out exhibition business across country

PVR Limited acquired remaining 40% stake from JPMorgan and India Advantage Fund of PVR Pictures. In an interview with CNBC-TV18, Nitin Sood, CFO of PVR said that they paid a total of Rs 60 crore to complete the buyout. Sood explained that the company’s main focus is to roll out the exhibition projects across the country.

Showtime for PVR; sees 30% hike in exhibition business

In an exclusive interview with CNBC-TV18, Ajjay Bijli, chairman and managing director of PVR says cash flows of the company will improve on back of phoenix mills transaction. “Our exhibition business did a profit of about Rs 20 crore,” he says. He further says that the losses incurred were on account of the loss made by PVR pictures.