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In an interview to CNBC-TV18, Ajay Bijli, Chairman & Managing Director of PVR says that tax expenses like new bonus act and entertainment tax restricted growth in the quarter ended December 2015.
Footfalls in Q3 may jump 7 percent (YoY) at 1.71 crore versus 1.6 crore, led by new screen additions. Ad revenue is likely to rise 15 percent (YoY) at Rs 62 crore against Rs 53.8 crore. Spend per head is seen 10 percent (YoY) at Rs 74 versus Rs 67.
“Big Hollywood films like Spectre, Star Wars, Ranbir Kapoor's Tamasha, Dilwale, Bajirao Mastani and Salman Khan's movie coming on Diwali--Prem Ratan Dhan Payo—will be a temporary blip in the F&B income,†Ajay Bijli, CMD of PVR says.
While, Indian Premier League (IPL) and examination season might drag the fourth quarter a bit but with blockbuster releases like Bajrangi Bhaijaan, Brothers, Bahubali, revured occupancy and other Sanjay Leela Bhansali and Shahrukh Khan films make second quarter look equally promising, says Ajay Bijli, Chairman and Managing Director, PVR.
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.
Amid generally weak sales performance, sectors that are likely be stronger are IT (14 percent), pharma (12 percent), media & entertainment (12 percent) and retail (10 percent), says Emkay.
In an interview to CNBC-TV18, CMD Ajay Bijli and CFO Nitin Sood spoke about the company‘s performance in the quarter ended December and the outlook going ahead.
The average ticket prices (ATPs) for the Q2 went up by 10-12% and spend per head (SPH) went up by 20 percent for the quarter. Occupancy rate for Q2 stood at around 33% and for Q3 too, they look on track, said Sanjeev Kumar Bijli of PVR.
The company has two big movie releases in the month of February. Moreover they plan to add 20 more screens tin March to the already 60 screens opened this year said Ajay Bijli, CMD, PVR.
Ajay Bijli, chairman and managing director, PVR says the company is in sync with the right locations and hence has very good lease rentals.
Analysts feel the robust seat additions, successful films and higher footfalls will drive PVR's revenue and profit growth during the June quarter.
Angel Broking has come with its March`13 quarterly earning estimates for media sector. According to research firm in FY2013, print media stocks underperformed due to OPM pressure on account of higher newsprint costs and cyclical nature of ad revenue growth.
Angel Broking has come out with its earnings estimates on media sector for December quarter FY13. The research firm expects media universe to post a cumulative top-line growth of 10% yoy.
ICICI direct.com has come with its September`12 quarterly earning estimates for media sector.
Ajay Bijli, CMD of PVR said the company is not too dependent on movies; instead the focus is on location building and technology.
KRChoksey has come with its June quarterly earning estimates for media sector. Research firm expect Q1FY13 to be another quarter of disappointment in terms of advertising revenue as overall ad spends remains sluggish for the media industry.
Angel Broking has come with its June quarterly earning estimates for media sector. According to the research firm, the media universe's revenue to grow by 14% yoy.
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.
KRChoksey has come with its quarterly earning estimates on media & Entertainment sector for March 2012.
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.
KR Choksey has come out with its earning estimates on Media sector for the quarter ended September 2011. According to the research firm, PVR Ltd. September quarter net sales are expected to go up by 26% at Rs 130 crore, quarter-on-quarter, (QoQ) basis.
KRChoksey has come out with its earning estimates on media & entertainment sector for the quarter ended March 2011. According to the research firm, PVR March quarter sales are expected to go down by 6% at Rs 126 crore, quarter-on-quarter, (QoQ) basis.
KRChoksey has come out with its earning estimates on media & entertainment sector for the quarter ended December 2010. According to the research firm, PVR December quarter sales are expected to go up by 12% to Rs 110 crore, quarter-on-quarter, ( QoQ) basis.