ITV

Tag: exhibition

  • Q3-2015: PVR reports almost four fold Q2-2015 PAT

    Q3-2015: PVR reports almost four fold Q2-2015 PAT

    BENGALURU: Last fiscal (FY-2014), Indian motion picture exhibition, production and distribution house PVR Limited (PVR) entered the Rs 1000 crore club by posting operating income (TIO) of Rs 1351.23 crore for the year. The company’s PAT in Q3-2015 almost quadrupled (went up 3.88 times) to Rs 31.59 crore from Rs 8.15 crore and was 2.27 times the PAT of Rs 13.91 crore in the corresponding quarter of last year (Q3-2014). However, year to date (TTD) PAT for 9M-2015 at Rs 47.2 crore was 15 per cent less than the Rs 55.33 crore in 9M-2014.

     

     Note: 100,00,000 = 100 Lakhs = 10 million = 1 crore.

     

     In Q3-2015, the company recorded a rise in TIO of 5.3 per cent to Rs 419.35 crore from Rs 399.30 crore in the immediate trailing quarter and recorded a 24.8 per cent jump from the Q3-2014 TIO of Rs 336.66 crore. In 9M-2015, PVR reported TIO of Rs 1182.77 crore, up 14.1 per cent from the Rs 1037 crore in 9M-2014.

     

    Let us look at the other Q2-2015 and HY-2015 numbers reported by PVR:

     

     PVR reported a drop in Total Expenditure in Q3-2015 of 0.6 per cent at Rs 369.47 crore as compared to the Rs 372.66 crore for Q2-2015, and 19.9 per cent more than the Rs 308.24 crore in Q3-2014. For 9M-2015, TE was 18.1 per cent higher at Rs 1078.81 crore against Rs 913.54 crore in 9M-2014.

     

     The company’s Film Exhibition Cost (FEC) in Q3-2015 went up 5.6 per cent to Rs 98.49 crore from Q2-2015 FEC of Rs 93.25 crore and was 18.2 per cent more than the Rs 83.34 crore in Q3-2014. 9M-2015 FEC at Rs 279.22 crore was 7 per cent more than the Rs 260.89 crore in 9M-2014.

     

     The cost of Food and Beverages consumed (food) in Q3-2015 at Rs 30.05 crore was 4.9 per cent more than the Rs 28.65 crore in Q2-2015 and was 37.3 per cent more than the Rs 21.89 crore in Q3-2014. For 9M-2015 food costs rose sharply by 23.5 per cent to Rs 86.33 crore from Rs 69.92 crore in 9M-2014.

     

     PVR’s other expense (OE) in Q3-2015 at Rs 39.85 crore also increased by 9.5 per cent from Rs 32.78 crore in Q2-2015 and was 22.7 per cent more than the Rs 32.49 crore in Q3-2014. OE in 9M-2015 was up by 21.6 per cent at Rs 116.88 crore as compared to the Rs 96.1 crore in 9M-2014.

     

    Segment Revenue

     

     Three segments add to PVR’s numbers – movie exhibition, movie production and distribution and others that comprises bowling, gaming and restaurant services.

     

     Movie Exhibition

     

     The largest contributor to PVR revenues is movies exhibition. Revenue from this segment increased 7.1 per cent to Rs 393.48 crore from Rs 367.28 crore in Q2-2015 and increased 24.7 per cent from Rs 315.59 crore in Q3-2014. For 9M-2015, revenues from the movies exhibition segment increase 13.1 per cent to Rs 1099.89 crore from Rs 971.90 crore in 9M-2014.

     

    Though this segment reported an 82.6 per cent growth in operating profits to Rs 50.55 crore in Q3-2015 from Rs 27.14 crore in Q-2015 and growth of 83.3 per cent from Rs 27.58 crore in Q3-2014, its operating profit fell 15.9 per cent in 9M-2015 to Rs 104.06 crore from Rs 123.74 crore in 9M-2014.

     

    Movie production and distribution

     

    Revenue from PVR’s MPD segment in Q3-2015 fell 37.2 per cent to Rs 11.85 crore from Rs 18.87 crore in Q2-2015 and was 75 per cent more as compared to the Rs 6.77 crore in Q3-2014. In 9M-2015, revenue from the MPD segment went up 2.01 times to Rs 37.71 crore from Rs 18.72 crore in 9M-2014.

     

    This segment returned an operating profit of Rs 0.43 crore in Q3-2015, Rs 1.34 crore in Q2-2015 and an operating profit of Rs 2.54 crore in Q3-2014. For 9M-2015, this segment reported a lower operating profit of Rs 1.21 crore versus an operating profit of Rs 1.59 crore in 9M-2014.

     

    Others

     

    PVR’s Others segment reported a 4.5 per cent increase in revenue in Q3-2015 to Rs 19 crore from Rs 18.19 crore in Q2-2015 and an increase of 10.2 per cent from Rs 17.24 crore in Q3-2104. For 9M-2015, this segment’s revenue at Rs 56.69 crore was 3.3 per cent more than the Rs 54.86 crore in 9M-2014.

     

    Loss from PVR’s Other segment was lower at Rs 0.13 crore in Q3-2015 as compared to the Rs 0.96 crore in Q2-2015 and loss of Rs 1.65 crore in Q3-2014. For 9M-2015, loss from this segment was lower at Rs 1.34 crore as compared to a loss of Rs 1.67 crore in Q3-2014.

  • I&B minister Manish Tewari inaugurates BES Expo 2014

    I&B minister Manish Tewari inaugurates BES Expo 2014

    NEW DELHI: The Information and Broadcasting minister Manish Tewari inaugurated the 20th International Conference and Exhibition on Terrestrial and Satellite Broadcasting – BES Expo 2014, today at New Delhi. Speaking on the occasion he said, “The last two decades have witnessed exponential growth in both the broadcasting and telecom sectors, giving rise to 800 plus television channels.”

    Commenting on the problems and challenges faced by the broadcasting sector due to competition for market share, he said the union cabinet has recently approved the proposal of the Ministry of Information & Broadcasting for a comprehensive regulatory framework in the form of guidelines for Television Rating Agencies in India. These guidelines cover detailed procedures for registration of rating agencies, eligibility norms, terms and conditions of registration, cross-holdings, methodology for audience measurement, a complaint redressal mechanism, sale and use of ratings, audit, disclosure, reporting requirements and action on non-compliance of guidelines. 

    Also speaking at the function, Ministry of Information & Broadcasting secretary Bimal Julka, said the ministry is planning to strengthen community radio movement in India, which would help in giving voice to the voiceless. 

    The BES expo is being attended by over 300 eminent broadcasters, media industry professionals and experts from India and abroad. The three day long expo will have deliberations on issues such as terrestrial broadcasting, future of TV, digitization, disaster broadcast systems for information dissemination, regulatory framework in broadcasting and other important issues related to the broadcasting industry. 

  • Cinemax India PAT at Rs 5.19 crore for Q1-2014

    Cinemax India PAT at Rs 5.19 crore for Q1-2014

    BENGALURU: Indian movie exhibition chain Cinemax India Limited (Cinemax) reported a PAT of Rs 5.19 crore for Q1-2014. The exhibitor had reported a loss of Rs 3.56 crore during the preceding quarter (Q4-2013).

    Let us take a look at Cinemax’s other figures for Q1-2014

    Cinemax’s Q1-2014 net consolidated operating income of Rs 108.50 crore showing a 12.1 per cent growth as compared to Q1-2013 net consolidated revenues of Rs 96.76 crore for Q1-2013 and were 30.1 per cent higher than the Rs 85.39 crore reported during Q4-2013.

    The company’s consolidated expenses for Q1-2014 at Rs 91.17 crore were 12.25 per cent higher than the Rs 81.22 crore for Q1-2013 and 9.3 per cent more than the Rs 83.38 crore in Q4-2013.

    A big chunk of the Cinmax’s expenses is the Film Distributor’s share. For Q1-2014, it paid Rs 30.64 crore (28.2 per cent of consolidated revenues for the quarter) as against Rs 26.50 crore (27.2 per cent of consolidated revenues for the quarter) for Q1-2013 and Rs 24.40 crore (29.3 per cent revenues for the quarter).

    Cinemax’s expenses towards rent for Q1-2014 at Rs 17.75 crore, though higher by 10.8 per cent as compared to the Rs 16.02 crore for Q1-2013, were 1.9 per cent lower than the Rs 18.09 crore paid in Q4-2013.

    Also, repairs and maintenance, though a small part of the consolidated expenses, grew by almost 36 per cent in Q1-2014 to Rs 6.74 crore from Rs 4.96 crore in Q1-2013, but were lower by 7.3 per cent as compared to the Rs 7.23 crore in Q4-2013.

    Last November, the promoters of Cinemax sold their entire stake of 69.27 per cent in the company to PVR Ltd for Rs 394.98 crore. The board of directors of PVR Limited, in a meeting held on 7 June 2013 have approved the merger of Cinemax and a wholly owned subsidiary Cine Hospitality Private Ltd., with PVR. Cinemax also said on the same day that its board approved “in-principle” the amalgamation of the company with PVR Ltd, the ultimate holding company.