ITV

Tag: Bilaspur

  • PVR consolidated Q2 net up 13% to Rs 161.4 mn

    PVR consolidated Q2 net up 13% to Rs 161.4 mn

    MUMBAI: PVR‘s consolidated net profit rose 12.86 per cent to Rs 161.4 million for the quarter ended 30 September from Rs 143 million a year ago.

    The film exhibition and distribution firm‘s net income from operations increased 36.5 per cent to Rs 1.89 billion in the second quarter from Rs 1.39 billion a year ago. PVR‘s movie exhibition business contributed Rs 1.76 billion to net income, while movie production and distribution contributed Rs 72.1 million.

    Consolidated Ebitda for the second quarter was Rs 375.2 million, up 15 per cent from Rs 326.6 million a year ago.

    PVR chairman and MD Ajay Bijli said, “We are extremely pleased that 2012 is shaping up as a great year at the box office. The revenues and profitability in the quarter and half year has shown a robust growth over the same period last year.”

    During the first half of the year the company added six new multiplexes with 31 screens at Jalandhar, Ujjain, Ludhiana, Nagpur, Bilaspur and Pune. The company now operates 44 properties with 197 screens in 27 cities across the country.

    The company has significant expansion plans and intends to add another 51 screens in the remainder of the fiscal.

    “We have a significant screen rollout this year and are opening our flagship cinemas in Kurla, Mumbai (8 screens), Orion Mall, Bangalore (11 screens), Mysore (4 screens) which are all expected to open in the next few days. We are also launching our 1st IMAX screen in Bangalore with “Skyfall” on 1st Nov, 2012,” he added.

  • PVR launches first multiplex in Bilaspur

    PVR launches first multiplex in Bilaspur

    MUMBAI: PVR Ltd has announced the opening of the first multiplex at Rama Magneto the Mall in Bilaspur, Chhattisgarh.

    With this launch in Bilaspur, PVR now has eight screens and two multiplexes in two key cities of Chhattisgarh including four screens and 1212 seats in Raipur.

    The 27,821 sq ft multiples will have a capacity of 792 seats and will provide an digital movie experience to the cine goers of the city at ticket prices ranging from Rs 70 to Rs 160.
    PVR Ltd group president Pramod Arora said, “We are extremely delighted to launch PVR Cinemas in Bilaspur, the second largest city of the state of Chhattisgarh. The launch in Bilaspur is part of PVR Ltd.‘s organic growth strategy and is another step in its efforts in reaching out to patrons in tier II cities. We are looking forward to provide a world class movie experience to other centres in Chhattisgarh as well. Also we will be expanding to other cities like Pune, Mysore and are hoping to add another 64 screens by the end of this financial year. It is PVR‘s constant endeavour to reach out to our patrons across cities and create benchmarks in entertainment and we understand that Raipur has a discerning audience who are ready to experience the new and international cinematic wave”

    Rama Magneto the Mall director Sandeep Agrawal said, “We are extremely pleased to form an association with PVR Cinemas. They are the leaders in the entertainment space and we are delighted with the opening of PVR Cinemas in our mall. The quality entertainment experience offered by PVR Digital Cinema will change the way the cinema lovers in the city will watch movies. With digital projection, high-quality sound system, and comfortable seats in all Audis, PVR will surely provide an ultimate movie experience to the people and we hope to receive a positive response from the people here.”

    With the launch in Bilaspur, PVR stands at 188 screens in 43 cinemas in 13 states and 26 cities across India.

  • PVR Q1 net Rs 78.1 mn vs loss in previous quarter

    PVR Q1 net Rs 78.1 mn vs loss in previous quarter

    MUMBAI: Cinema exhibitor PVR Limited returned to profits in the first quarter ended 30 June after a loss in the preceding quarter ended 31 March 2012.

    PVR said its net profit in the first quarter was Rs 78.1 million against a loss of Rs 132.4 million in the preceding quarter. The net profit in the first quarter was down nearly 46 per cent from Rs 144.2 million a year earlier.

    The company‘s consolidated revenues for the first quarter were up 51 per cent to Rs 1.77 billion from Rs. 1.17 billion a year earlier.

    Consolidated EBITDA for the quarter was Rs. 346 million, up 52 per cent from Rs 227.7 million a year earlier.

    Commenting on the results, PVR Ltd chairman cum MD Ajay Bijli said, “The good results is a function of the company‘s long term location strategy to partner in best mall developments in the country, its unique design philosophy, strong customer focus and a unique brand positioning. We are encouraged by the robust growth in footfalls and remain buoyant regarding the potential for box office success for the remainder of FY 2012-13.

    The standalone revenues from exhibition/production business increased to Rs 1.59 billion from Rs 1.04 billion in the same period last year, up by 52 per cent. EBITDA for the quarter was Rs. 334.4 million as compared to Rs 195.4 million in corresponding period of last year, up by 71 per cent.

    Its net profit for the first quarter was Rs 79.8 million down from Rs 224.7 million a year earlier and against a net loss of Rs 148.1 million in preceding quarter ended March 31, 2012.

    The company said its exhibition business showed a growth of 33 per cent in the overall revenues driven by strong box office performance and food & beverage revenues.

    During the quarter under review and subsequent period the company added 13 screens at Jalandhar, Ujjain and Ludhiana. The company at present operates 41 properties with 179 screens in 24 cities across the country.

    The company has significant expansion plans and intends to add another 69 screens in the remainder of 2012-13 in key markets like Pune, Bangalore, Nagpur, Mumbai, Mysore, Bilaspur, Panipat, Kolkata and Vijayawada.

    The company‘s subsidiary PVR bluO is also setting up bowling centers across the country with four new centers with 80 lanes slated to open in FY 2012-13.