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Tag: Ebitda

  • UFO Moviez Q1 FY23 revenues up to Rs 90.6 crore; loss down to Rs 2.5 crore

    UFO Moviez Q1 FY23 revenues up to Rs 90.6 crore; loss down to Rs 2.5 crore

    Mumbai: In-cinema advertising platform UFO Moviez reported its first quarter results for the financial year 2023. The company reported revenue of Rs 90.6 crore versus Rs 28.2 crore in the corresponding quarter last year. It saw a loss of Rs 2.5 crore versus Rs 26.7 crore in Q1 FY22.

    The company reported earnings before interest, tax, depreciation and amortisation (Ebitda) of Rs 9.8 crore compared to Rs 18.1 crore year-on-year.

    While theatrical revenues are increasing due to the consistent and uninterrupted release of films by both the Hindi and regional film industries, advertisement revenues are slowly recovering due to lower government advertising spending. The corporate advertising segment has, however, shown a significant recovery.

    “The steady release of movies has resulted in a fuller resumption of operations and a revival in revenues,” said UFO Moviez executive director and group CEO Rajesh Mishra. “The success of big budget movies in April’22 and May’22, provided an impetus to all revenue streams, especially the corporate advertisement revenue that has seen a substantial recovery. Whereas, the lag in government advertising spending continued to put pressure on the overall advertisement revenue. We have already turned Ebitda positive and we expect this upward trend to continue. Meanwhile, the increasing appetite of audiences to consume movies in different languages and genres will continue to benefit our theatrical revenues.

  • Hathway Cable and Datacom Q1 FY23 revenues at Rs 447.2 crore

    Hathway Cable and Datacom Q1 FY23 revenues at Rs 447.2 crore

    Mumbai: Hathway Cable and Datacom on Friday reported its first quarter results for the financial year FY23. The company reported gross revenue of Rs 447.2 crore and earnings before interest, tax, depreciation and amortisation (Ebitda) of Rs 102.6 crore.

    The company reported profit after tax of Rs 21 crore as compared to Rs 28.4 crore in the preceding quarter. Its broadband business brought in revenues of Rs 157.2 crore and its cable TV business stood at Rs 290 crore.

    The company’s total expenditure stood at Rs 360.2 crore, and its pay channel cost stood at Rs 172.7 crore.

    Hathway Cable and Datacom reported 1.12 million broadband subscribers at the end of June. Customer satisfaction scores (CSAT) increased from 62 per cent in the first quarter of FY22 to 84 per cent in the first quarter of FY23.

    The company augmented its fibre-to-the-home capacity to accommodate another 1.2 million customers. It also finished next-generation. Docsis speed complaints were reduced by 80 per cent in all cities following the Docsis upgrade. It reported that 65 per cent of Docsis customers have been upgraded to 100 Mbps plans.

  • Thomas Cook India posts consolidated income growth of 46% to Rs 3,573 mn

    Thomas Cook India posts consolidated income growth of 46% to Rs 3,573 mn

    Mumbai: India’s leading omnichannel travel services, Thomas Cook announced its financial results for the quarter ended 31 March 2022 reflecting a strong rebound with sustained improvement in profitability despite the third wave of Covid-19 (reducing the effective quarter to 45 days), growing geopolitical concerns and a highly delayed restart of India’s scheduled commercial flights.

    TCIL has reported consolidated operating earnings before interest, taxes, depreciation, and amortization (Ebitda) of Rs 239 million, a 19 per cent growth over Rs 201 million in Q3 FY22 against a previously reported loss of Rs 361 million in Q4 FY21. The consolidated income from operations for the quarter grew by 46 per cent from Rs 3,573 million for Q4 FY21 to Rs 5,221 million in Q4 FY22. The cash and bank balances of the company at a consolidated level as on 31 March 2022 are at Rs 6,399 million. The company continued its focus on cost prudence with reduced costs for Q4 FY22 at Rs 2,754 million, registering 37 percent saving at pre-pandemic levels in Q4 FY20.

    According to the reports, TCIL standalone operating Ebitda of Rs 28 million against a loss of Rs 74 million in Q3 FY22 was led by strong sales recovery by Forex 56 percent and business travel 50 percent. The trend continued in April 2022 with foreign exchange, corporate travel and domestic holidays registering a recovery of 62 percent, 81 percent and 85 percent of pre-pandemic sales respectively.

    TCIL income from operations for the quarter grew by 25 per cent from Rs 636 million in Q4 FY21 to Rs 794 million. The margins for the holiday business & foreign exchange grew by 326 bps and 29 bps, respectively.

    The company continued its focus on cost prudence with reduced costs for Q4 FY22 at Rs 767 million, registering a 51 per cent saving from pre-pandemic levels of Q4 FY20.

    The company’s sustained focus on technology delivered end-to-end digitization across its businesses, including B2C and B2B self-booking/servicing tools and dynamic customization, vendor management and automated accounting/payment solutions. The digital acceleration serves to further augment the company’s omnichannel model towards an enriched customer experience, cost and efficiency benefits.

    Thomas Cook’s managing director Madhavan Menon said, “Despite the Omicron wave reducing the quarter to 45 days and the reopening of Indian skies for scheduled international flights only on 27 March, our teams have delivered a commendable performance this quarter with an operating Ebitda of Rs 239 million. The group’s strong performance was led by foreign exchange, business travel, sterling holidays, DEI & desert Adventures. With other markets opening up, we expect the other group companies to stage quick recoveries too.”

    “Our focus on sustainable cost management balanced with a thrust on technology over the past three years is delivering results in the form of speed, productivity and improved customer experience. Recovery is accelerating continually, with our foreign exchange, corporate travel and domestic holidays businesses registering an estimated sales recovery of 57 percent, 81 percent and 99 percent of pre-pandemic levels as of the end of May 2022 and strong pipelines for the coming quarter and beyond,” Menon added.

  • Affle Q3 results: Reports revenue growth of 125.5% y-o-y

    Affle Q3 results: Reports revenue growth of 125.5% y-o-y

    Mumbai: Affle (India) has reported a strong performance for Q3 FY2022 with a consolidated revenue from operations of Rs 339.4 crores, an increase in revenue of 125.5 per cent y-o-y from Rs 150.5 crores in Q3 last year.

    The consumer intelligence-driven global technology company announced the results for the third quarter and nine months ended 31  December 2021.

    EBITDA was at Rs 67.7 crores, an increase of 76.4 per cent y-o-y. PAT increased by 102.6 per cent y-o-y to Rs 62.1 crores from Rs 30.6 crores in Q3 last year. This growth was broad-based coming from both CPCU business and Non-CPCU business, across India & International markets.

    For 9M FY2022, consolidated revenue was at Rs 766.6 crores, an increase of 104.3 per cent y-o-y. EBITDA was at Rs. 154.8 crores, an increase of 62.4 per cent y-o-y. PAT increased by 90.6% y-o-y to Rs. 145.4 crores and PAT margin stood at 18.0 per cent. 

    The CPCU business continued the growth momentum delivering 5.8 crores of converted users in Q3 FY2022, an increase of 91.2 per cent y-o-y and taking the total converted users delivered in 9M FY2022 to 13.9 crores. The top industry verticals for the company continued to be high growth, helping it register a strong performance in this quarter, it said in a statement.

  • Hathway profits up on lower revenue in second quarter

    Hathway profits up on lower revenue in second quarter

    BENGALURU: The Mukesh Dhirubhai Ambani controlled MSO and broadband internet services provider Hathway Cable and Datacom Limited (Hathway) reported consolidated profit after tax (PAT) at Rs 52.33 crore for the quarter ended 30 September 2020 (Q2 2021, quarter or period under review) against loss of Rs 2.42 crore for the corresponding year-ago quarter Q2 2020 (y-o-y). PAT for the period under review was 20.8 percent lower quarter-on-quarter (q-o-q) than the Rs 66.06 crore the company had posted for the immediate trailing quarter Q1 2021. However, consolidated operating EBDITA for the period under review at Rs 120.39 crore (27.9 percent of operating revenue) grew 14.7 percent y-o-y from Rs 105.71 crore (23.8 percent of operating revenue) and was also 1.9 percent higher q-o-q than the Rs 118.18 crore (28.2 percent of operating revenue) in Q1 2021.

    Hathway’s consolidated operating revenue fell 2.5 percent y-o-y in Q2 2021 to Rs 431.24 crore from Rs 442.11 crore in Q2 2020, but was 2.8 percent higher q-o-q than Rs 419.56 crore. Consolidated total income (total revenue) during the quarter fell 9.8 percent y-o-y to Rs 460.66 crore from Rs 510.77 crore, and was 5.6 percent lower q-o-q than Rs 488.22 crore.

    Broadband and CATV segment numbers for Q2 2021

    Hathway has two major segments – broadband internet services (BB) and cable television or CATV.

    BB segment saw operating revenue increase 10 percent y-o-y in Q2 2021 to Rs 153.34 crore from Rs 139.36 crore in the corresponding year ago quarter and grew 4.7 percent q-o-q from Rs 146.51 crore in Q1 2021. The segment’s operating result (operating profit) in Q1 2021 was Rs 6.68 crore as compared to an operating loss of Rs 25.10 crore in Q1 2020, but was 14.8 percent lower than the operating profit of Rs 7.84 crore in Q1 2021.

    CATV segment revenue declined 8.2 percent y-o-y in Q2 2021 to Rs 277.90 crore from Rs 302.75 crore in Q2 2020, but was 1.8 percent more q-o-q than the Rs 273.05 crore for Q1 2021 The segment reported more than two-fold increase in operating result (operating profit) – which grew 116 percent y-o-y in Q2 2021 to Rs 21.32 crore from Rs 9.87 crore in Q2 2020 and was 25 percent higher q-o-q than Rs 17.06 crore in the immediate trailing quarter/

    Let us look at the other numbers reported Hathway for Q2 2021

    All numbers in this report are consolidated unless stated otherwise.

    Total expenditure in Q2 2021 declined 19.9 percent y-o-y to Rs 407.90 crore from Rs 509.50 crore in the corresponding period of the previous year and was 4.7 percent lower q-o-q than Rs 427.92 crore in Q1 2021.

    Pay channel cost during the quarter under review declined 4.4 percent y-o-y to Rs 132.46 crore from Rs 138.55 crore, but was almost flat (up 0.2 percent) q-o-q as compared to Rs 132.18 crore for Q1 2021. Employee cost in Q2 2021 declined 3.6 percent y-o-y to 24.44 crore from Rs 25.36 crore, but was 0.6 percent higher q-o-q than Rs 24.30 crore in Q2 2020. Operational expenses in Q2 2021 grew 19.8 percent y-o-y to Rs 81.65 crore from Rs 68.18 crore and were 5.1 percent more q-o-q than Rs 77.67 crore in Q1 2021.

    Finance cost was less than one-twelfth (declined 91.8 percent) y-o-y to Rs 4.27 crore from Rs 51.87 crore in the corresponding quarter of last year and was a little more than one-eighth (declined 87 percent) than the Rs 32.96 crore in Q1 2021. Other expenses in Q2 2021 declined 31.5 percent y-o-y to Rs 72.30 crore from Rs 105.01, but were 7.5 percent higher q-o-q than the Rs 67.23 crore in Q1 2021.

  • Lower ad revenue and exceptional items pull down Zeel bottom-line for Q4, FY 2020

    Lower ad revenue and exceptional items pull down Zeel bottom-line for Q4, FY 2020

    BENGALURU: Subhash Chandra’s Zee Entertainment Enterprises Ltd (Zeel) reported 2.5 percent growth in consolidated operating revenue for the year ended 31 March 2020 (FY 2020, year under review) as compared to the previous year (FY 2019). For the quarter ended 31 March 2020 (Q4 2020, quarter under review) Zeel consolidated operating revenue declined 4.8 percent as compared to the corresponding year ago quarter Q4 2019. EBITDA (operating profit) and PAT (Profit after tax) for the year under review declined 66.5 percent and 36.2 percent respectively as compared to FY 2019. Consolidated PAT for FY 2020 was Rs 524.59 crore and for FY 2019 it was Rs 1,567.34 crore. Consolidated operating EBITDA for FY 2020 was Rs 1,634.57 crore ((20.1 percent of operating revenue) and for FY 2019 it was Rs 2,563.94 crore (32.3 percent of operating revenue).

    The company reported operating loss (negative consolidated operating EBITDA) of Rs 283.86 crore and consolidated loss after tax of Rs 765.82 crore for Q4 2020. Poor macroeconomic environment, conversion of two FTA channels into pay in March 2019, and market share loss in certain markets drove the decline in ad revenues said the company in its FY 2020 and Q4 2020 earnings release. The lockdown in March 2020 further impacted revenues, it added.

    Bottomline numbers for the year and quarter under review were also lower on account of 47.7 percent higher operating costs in Q4 2020 and 24.5 percent higher in FY 2020. (Operating costs include programming costs). The company said in the earnings release that underlying cost increase led by higher movie amortisation, new channels and investments in its OTT platform ZEES. The reported operating cost included one-time accelerated amortisation of higher inventory of Rs. 259.80 crore.

    Further, Zeel’s administration costs included Include a one-time provision of Rs. 343.30 crore for balances related to ad, subscription and other assets where recovery has become doubtful on account of COVID-19 led uncertainty. Also for FY 2020, exceptional items included goodwill write off of Rs. 113.70 crore pertaining to digital publishing business and provision of Rs. 170.60 crore relating to Inter Corporate Deposits (ICD). Another factor that impacted Zeel’s bottom-line for FY 2020 was  Rs. 383.50 crore loss in overseas investments in accordance with IND-AS 113 to, reflect the movement in fair value of these investments as on 31 March 2020.  

    However, these factors were partly offset by 41 percent growth in domestic business in Q4 2020, driven by the implementation of Telecom Regulatory Authority of India’s (TRAI) new tariff order (NTO) and growth in ZEE5's subscription revenues revealed Zeel. Domestic subscription revenues grew by 33 percent in FY 2020 as compared to FY 2020 driven by improved monetization of viewership post NTO implementation and ramp-up of ZEE5's subscriber base.

    Zeel’s ad revenue in Q4 2020 declined 14.7 percent to Rs 1,038.94 crore from Rs 1,217.49 crore in Q4 2019. Ad revenue for FY 2020 fell 7.1 percent to Rs 4,681.13 crore from Rs 5,036.66 crore in FY 2019. Subscription revenue in Q4 2020 increased 31.2 percent to Rs 741.36 crore from Rs 564.27 crore in Q4 2019. Subscription revenue in FY 2020 grew 25 percent to Rs 2,887.29 crore from Rs Rs 2,310.54 crore in FY 2019.

    Let us look at the numbers reported by Zeel

    Consolidated operating revenues for FY 2020, FY 2019, Q4 2020 and Q4 2019 were Rs 8,129.86 crore, Rs 7,933.90 crore, 1,951.08 crore and Rs 2,019.27 crore respectively. Consolidated total incomes (Operating revenue plus other income) for the same periods were Rs 8,413.50 crore, 8,185.35 crore, Rs 2,076.06 crore and Rs 1,991.76 crore respectively.

    Consolidated total expenses in Q4 2020 increased 66.5 percent to Rs 2,677.77 crore from Rs 1,612.60 crore in Q4 2019. Consolidated total expenses in FY 2020 increased 25.1 percent to Rs 7,109.70 crore from Rs 5,731.48 crore in FY 2019. Operating cost in Q4 2020 at Rs 1,304.62 crore was 53.9 percent more that the Rs 883.32 crore in the corresponding year ago quarter. Employee benefits expense (EBE) in Q4 2020 declined 22.7 percent to Rs 160.39 crore from Rs 201.46 crore in Q4 2019. EBE in FY 2020 increased 7.7 percent to Rs 780.51 crore from Rs 724.94 crore.

    Advertisement and publicity expenses (ad expenses) in Q4 2020 were 4.6 percent lower at Rs 184.12 crore as compared to Rs 193.01 crore in Q4 2019. Ad expenses in FY 2020 at Rs 695.60 crore were almost flat (declined 0.5 percent) as compared to Rs 699.27 crore in FY 2019. Other expenses in Q4 2020 more than tripled (up 238.3 percent) to Rs 585.81 crore as compared to Rs 173.17 crore in Q4 2019. Other expenses in FY 2020 increased 36.9 percent to Rs 1,190.49 crore from Rs 869.96 crore in FY 2020.

  • Hathway reports higher profits despite lower revenue

    Hathway reports higher profits despite lower revenue

    BENGALURU: The Mukesh Dhirubhai Ambani-controlled MSO and broadband internet services provider Hathway Cable and Datacom Ltd (Hathway) reported consolidated profit after tax (PAT) at Rs 66.06 crore for the quarter ended 30 June 2020 (Q1 2021, quarter or period under review) against loss of Rs 9.38 crore for the corresponding year ago quarter Q1 2020 (y-o-y). Consolidated operating EBITDA for the period under review at Rs 118.18 crore (28.2 percent of operating revenue) grew 26.9 percent y-o-y from Rs 83.14 crore (20.7 percent of operating revenue).

    Hathway’s consolidated operating revenue fell 6.7 percent y-o-y in Q1 2021 to Rs 419.56 crore from Rs 449.78 crore in Q1 2020. Consolidated total income (total revenue) during the quarter fell 3.6 percent y-o-y to Rs 514.46 crore from Rs 506.68 crore.

    Hathway has two major segments – broadband internet services (BB) and cable television or CATV.

    BB segment saw operating revenue increase 9.5 percent y-o-y in Q1 2021 to Rs 146.51 crore from Rs 133.81 crore in the corresponding year ago quarter. The segment’s operating result (operating profit) declined 14.2 percent y-o-y in Q1 2021 to Rs 7.84 crore from Rs 9.14 crore.

    CATV segment revenue declined 13.6 percent y-o-y in Q1 2021 to Rs 273.05 crore from Rs 315.97 crore in Q1 2020. The segment reported more than six-fold increase in operating result (operating profit) – which grew 505 percent y-o-y in Q1 2021 to Rs 17.06 crore from Rs 2.82 crore in Q1 2020.

    Let us look at the other numbers reported Hathway for Q1 2021

    All numbers in this report are consolidated unless stated otherwise.

    Total expenditure in Q1 2021 declined 17.6 percent y-o-y to Rs 427.92 crore from Rs 519.61 crore in the corresponding period of the previous year. Pay channel cost during the quarter under review increased 1.6 percent y-o-y to Rs 152.70 crore from Rs 130.06 crore. Employee cost in Q1 2021 grew 2.8 percent y-o-y to Rs 24.30 crore from Rs 23.63 crore in Q1 2020. Operational expenses in Q1 2021 grew 0.7 percent (almost flat) y-o-y to Rs 77.67 crore from Rs 77.13 crore. Finance cost was less than half (declined 59.7 percent) y-o-y to Rs 32.96 crore from Rs 81.79 crore in the corresponding quarter of last year. Other expenses in Q1 2021 declined 46.6 percent y-o-y to Rs 67.23 crore from Rs 125.82 crore.

  • INOX revenue up by 12% in FY2020 despite Covid2019 impact

    INOX revenue up by 12% in FY2020 despite Covid2019 impact

    MUMBAI: INOX Leisure Ltd reported financials for the fourth quarter and the financial year ending 31 March 2020. While Covid2019 eroded the last quarter, the company claims to have made a substantial increase in its yearly performance.

    EBITDA for Q4 2020 stands at Rs 40 crore, quarterly loss after tax was at Rs 2 crore. Total revenue for Q4 is Rs 376 crore.

    On the other hand, for FY2020, it saw revenue up by 12 per cent to Rs 1915 crore, EBIDTA growth by seven per cent to touch Rs 347 crore, PAT growth at six per cent to hit Rs 141 crore. Additionally, the company release says that it saw a footfall of 66 million this year. The spend per head showed eight per cent growth annually and stood at Rs 80.

    The Covid2019 pandemic impacted its ad revenue. The recessionary slowdown and Covid-induced fear psychosis towards the end of the FY led to a flat trajectory with just one per cent growth, said the company.

    INOX Group director Siddharth Jain said, “Despite the advent of Covid2019, we managed to continue our uninterrupted streak of revenue growth. The advent of Covid2019 has left a serious mark on our fourth quarter performance and will remain a cause of concern in the subsequent months as well. With a clear priority on safety and well-being of our guests as well as our employees, we are preparing ourselves with the wherewithal which would help us see through this phase. Our SOPs have been tailored to offer a safe, reliable and a seamless movie watching experience once we resume operations. We are confident that the signature INOX experience, which has become synonymous to movie watching in our country, will remain intact, and will continue to delight our patrons on the other side of Covid2019. We are banking on our inherent passion and our robust balance sheet, which would help us emerge stronger and faster from this pandemic situation and deliver a remarkable turnaround, delighting all our stakeholders.” 

    *Excludes impact of Ind AS 116

  • Cable business drives Hathway’s return to profitability

    Cable business drives Hathway’s return to profitability

    BENGALURU: Mukesh Ambani’s Reliance Industries Limited-owned Indian multi-system operator and internet services provider Hathway Cable and Datacom Limited (Hathway) reported consolidated profit after tax (PAT) of Rs 105.47 crore for the year ended 31 March 2020 (FY 2020, year under review) as compared to a loss of Rs 187.67 crore for FY 2019. The company’s cable division reported a consolidated operating profit of Rs 84.77 crore and operating revenue of Rs 1,230.71 crore as compared to a consolidated operating loss of Rs 457.46 crore on operating revenue of Rs 1,030.66 crore in FY 2019. Cable business revenue for the year under review grew 19.4 per cent as compared to FY 2019.

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    The other business of Hathway – broadband internet services saw operating revenue grow 7.6 per cent in FY 2020 to Rs 567.59 crore from Rs 527.63 crore in the previous year. The internet services business incurred an operating loss of Rs 20.54 crore in FY 2020 as compared to an operating profit of Rs 42.01 crore in FT 2019.

    Hathway’s consolidated operating revenue in FY 2020 grew 15.4 per cent to Rs 1,798.39 crore from Rs 1,558.29 crore in FY 2019. Consolidated total income for the year grew 26.2 per cent to Rs 2044.14 crore from Rs 1,619.20 crore in the previous year.

    For the quarter ended 31 March 2020 (Q4 2020, quarter under review), Hathway reported consolidated operating revenue of Rs 455.68 crore, which was 19.6 per cent more than the Rs 381.04 crore in the corresponding quarter of the previous year Q4 2019 (Y-o-Y). Consolidated PAT for the quarter under review grew more than sevenfold (up 642.5 per cent) in Q4 2020 Y-o-Y to Rs 49.08 crore from Rs 6.61 crore.

    Cable business operating revenue for Q4 2020 increased 22.4 per cent to Rs 304.36 crore Y-o-Y from Rs 248.61 crore. Hathway reported operating profit of Rs 39.04 crore as compared to an operating loss of Rs 333.89 crore for Q4 2019. Internet services business revenue for the quarter under review grew 14.3 per cent Y-o-Y to Rs 151.32 crore from Rs 132.43 crore. Internet services business saw an operating profit of Rs 1.24 crore in Q4 2020 as compared to an operating loss of Rs 18.11 crore in Q4 2019.

    Let us look at the other numbers reported by the company

    All numbers in this report are consolidated unless stated otherwise.

    Total expenditure in FY 2020 grew 7.6 per cent to Rs 1,960.53 crore from Rs 1,822.72 crore in the previous year. Pay channel cost during the year under review declined 8.1 per cent to Rs 560.56 crore from Rs 609.85 crore. Employee cost in FY 2020 grew 14.4 per cent to Rs 94.79 crore from Rs 82.86 crore. Other operational expenses in FY 2020 grew 21.1 per cent to Rs 306.62 crore from Rs 253.30 crore. Finance cost grew 2.5 per cent to Rs 226.37 crore from Rs 220.80 crore. Other expenses in FY 2020 grew 32.2 per cent to Rs 401.09 crore from Rs 303.50.

    Total expenditure in Q4 2020 grew 5.2 per cent Y-o-Y to Rs 458.53 crore from Rs 435.97 crore. Pay channel cost during the period under review increased 16.25 per cent Y-o-Y to Rs 152.70 crore from Rs 131.41 crore. Employee cost in Q4 2020 reduced 3.1 per cent Y-o-Y to Rs 21.53 crore from Rs 22.22 crore. Other operational expenses in Q4 2020 grew 20.4 per cent Y-o-Y to Rs 79.72 crore from Rs 66/23 crore. Finance cost declined 22.1 per cent Y-o-Y to Rs 43.13 crore from Rs 55.38 crore. Other expenses in Q4 2020 grew 5.5 per cent Y-o-Y to Rs 81.70 crore from Rs 77.45 crore.

  • PVR declares FY20 Q3 results, witnesses growth of 8%

    PVR declares FY20 Q3 results, witnesses growth of 8%

    MUMBAI: PVR Ltd today announced its unaudited standalone and consolidated financial results for the quarter ended 31 December 2019.

    Consolidated revenues for the quarter ended December 2019 were Rs 924 crore as compared to Rs 857 crore during the corresponding period of last year, witnessing a growth of 8 per cent. Consolidated EBITDA for the quarter was Rs 315 crores as against Rs 179 crore in the same period last year, witnessing a growth of 77 per cent. EBITDA margin for the quarter was 34.1 per cent. Consolidated PAT for the quarter was Rs 36 crore as compared to Rs 55 crore during the corresponding period of last year. After adjusting for the impact of Ind-AS 116 – Leases, EBITDA, and PAT of the company would have been Rs 188 crore and Rs 59 crore respectively. This would represent EBITDA and PAT growth of 5 per cent and 7 per cent respectively.

     The overall EBITDA margins of the company were 20.4 per cent (after excluding IND-AS 116 impact). The box office revenues for the quarter were up by 6 per cent from Rs 425 crore to Rs 453 crore. F&B revenues were up by 13 per cent from Rs 217 crore to Rs 244 crores supported by robust growth in average F&B spend per person of 12 per cent. Advertising revenues grew from Rs 112 crore to Rs 122 crore, up by 8  per cent in spite of challenging business environment on media spends by companies. The company has aggressively expanded its screen portfolio in the current financial year by adding 67 new screens across 11 properties and now operates a network of 825 screens spread over 173 properties in 71 cities across the country.

    Commenting on the results and performance, PVR Ltd chairman and managing director Ajay Bijli said, “The operating and financial performance of the business for Q3has been robust amidst difficult macro-economic conditions. The box office performance has been satisfactory with strong performance from Bollywood and Hollywood film industry. The performance of the regional film industry, specifically Tamil and Telugu, however, has been below par in the current quarter resulting in muted growth in our overall box office performance. This truly reflects the strength of our business model and our strategy for a wide geographical distribution of our cinema footprint where we have reduced our dependence on any one film industry or region. Our operating performance on all other parameters remains strong and we continue to innovate and identify areas where we can serve our customers better. Our screen opening outlook remain strong and we are on track to open 90-100 new screens in the current financial year.”