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Tag: PVR Limited

  • Q3-2016: PVR revenue up 19%, PAT down 5.4%

    Q3-2016: PVR revenue up 19%, PAT down 5.4%

    BENGALURU: Indian motion picture exhibition, production and distribution house PVR Limited reported 19.2 per cent YoY growth in Total Income from Operations (TIO) for the quarter ended 31 December, 2015 (Q3-2016, current quarter).

     

    The exhibitor’s YoY PAT in the current quarter however declined 5.4 per cent. PVR reported TIO of Rs 500.45 crore in Q3-2016 as compared to Rs 419.71 crore in the corresponding year ago quarter. TIO in the current quarter was 5.4 per cent higher QoQ as compared to Rs 474.60 crore. The company reported PAT of Rs 29.88 crore (six per cent margin) in Q3-2016 as compared to PAT of Rs 31.59 crore (7.5 per cent margin). PAT in Q3-2016 declined 27.2 per cent QoQ as compared to Rs 41.05 crore (8.6 per cent margin).

     

    Note: 100,00,000 = 100 lakh = 10 million = 1 crore

    All numbers are consolidated unless stated otherwise

     

    Box Office performance:

     

    PVR’s top five box office performers in terms of Gross Box Office (GBO) were:

    1) Bajirao Mastani: GBO Rs 41.08 crore, Net Box Office (NBO) Rs 28.83 crore, Admits 16.6 lakh, Average Ticket Price Rs 242

     

    2) Prem Ratan Dhan Paayo: GBO Rs 36.29 crore; NBO Rs 26.12 crore, Admits 17.2 lakh, ATP 211

     

    3) Dilwale: GBO Rs 26.88 crore, NBO Rs 19.42 crore, Admits 11.6 lakh, ATP Rs 231

     

    4) Tamasha: GBO Rs 22.48 crore, NBO Rs 16.11 crore; Admits 11.2 lakh, ATP Rs 201

     

    5) Pyaar Ka Punchnama: GBO Rs 19.08 crore, NBO Rs 13.64 crore, Admits 10 lakh; ATP 191

     

    The top five movies contributed to about 43 per cent NBO as compared to 56 per cent in the corresponding year ago quarter.

     

    NBO in the current quarter increased nine per cent YoY to Rs 251.20 crore (50.2 per cent of TIO) as compared to Rs 230.66 crore (48.60 per cent of TIO). ATP in the current quarter increased eight per cent to Rs 200 as compared to Rs 185 in Q3-2015. Q3-2016 saw admits increase 16 per cent to 5.43 crore as compared to 4.69 crore in Q3-2015.

     

    Food and Beverages and Advertisement revenue:

     

    Food and Beverage (F&B) share of Total Revenue was 25 per cent of operating revenue in the current quarter at Rs 113.58 crore, which was 12.9 per cent more than the Rs 100.62 crore (25.3 per cent of operating revenue) in the corresponding year ago quarter. Advertising revenue in the current quarter was 15.2 per cent of operating revenue) at Rs 69.26 crore increased 28.6 per cent as compared to Rs 53.85 crore (13.5 per cent of Operating revenue).

     

    Let us look at the other numbers reported by PVR:

     

    The company’s Movie Exhibition segment reported 13.5 per cent YoY growth in revenue at Rs 445.80 crore as compared to Rs 392.88 crore, but a 0.7 per cent QoQ decline as compared to Rs 448.90 crore. The segment reported 8.7 per cent YoY increase in operating profit at Rs 54.42 crore as compared to Rs 50.08 crore but a 12.1 per cent QoQ decline as compared to Rs 61.90 crore.

     

    Movie Production segment reported operating revenue of Rs 42.64 crore in the current quarter, Rs 11.85 crore in Q3-2015 and Rs 8.56 crore in the immediate trailing quarter. The segment reported operating profit of Rs 0.91 crore in Q3-2016, an operating profit of Rs 0.43 crore in Q3-2015 and an operating loss of Rs 0.48 crore in Q2-2016.

     

    The ‘Others’ segment reported revenue of Rs 19.01 crore in Q3-2016, Rs 19 crore in Q3-2015 and Rs 19.05 crore in Q2-2016. The segment reported operating loss of Rs 0.40 crore in Q3-2016; operating loss of Rs 0.13 crore in Q3-2015 and an operating loss of Rs 0.65 crore in Q2-2016.

     

    Total expense in Q3-2016 at Rs 445.50 crore (89 per cent of TIO) increased 20.6 per cent YoY as compared to Rs 369.33 crore (88 per cent of TIO) and increased 7.7 per cent as compared to Rs 413.83 crore (87.2 per cent of TIO).

     

    The company’s film exhibition cost increased 5.8 per cent YoY at Rs 104.21 crore (20.8 per cent of TIO) as compared to Rs 98.49 crore (23.5 per cent of TIO), but declined 8.2 per cent as compared to Rs 113.53 crore (23.9 per cent of TIO).

     

    F&B and other cost in Q3-2016 increased 2.5 per cent YoY to Rs 30.80 crore (6.2 per cent of TIO) as compared to Rs 309.05 crore (7.2 per cent of TIO) but declined 3.8 per cent as compared to Rs 32.01 crore (6.7 per cent of TIO).

     

    Other expense in Q3-2016 almost doubled YOY (up 1.97 times) to Rs 78.53 crore as compared to Rs 39.85 crore (9.5 per cent of TIO) and increased 80.50 per cent QoQ to to Rs 43.51 crore (9.2 per cent of TIO).

  • Q3-2016: PVR revenue up 19%, PAT down 5.4%

    Q3-2016: PVR revenue up 19%, PAT down 5.4%

    BENGALURU: Indian motion picture exhibition, production and distribution house PVR Limited reported 19.2 per cent YoY growth in Total Income from Operations (TIO) for the quarter ended 31 December, 2015 (Q3-2016, current quarter).

     

    The exhibitor’s YoY PAT in the current quarter however declined 5.4 per cent. PVR reported TIO of Rs 500.45 crore in Q3-2016 as compared to Rs 419.71 crore in the corresponding year ago quarter. TIO in the current quarter was 5.4 per cent higher QoQ as compared to Rs 474.60 crore. The company reported PAT of Rs 29.88 crore (six per cent margin) in Q3-2016 as compared to PAT of Rs 31.59 crore (7.5 per cent margin). PAT in Q3-2016 declined 27.2 per cent QoQ as compared to Rs 41.05 crore (8.6 per cent margin).

     

    Note: 100,00,000 = 100 lakh = 10 million = 1 crore

    All numbers are consolidated unless stated otherwise

     

    Box Office performance:

     

    PVR’s top five box office performers in terms of Gross Box Office (GBO) were:

    1) Bajirao Mastani: GBO Rs 41.08 crore, Net Box Office (NBO) Rs 28.83 crore, Admits 16.6 lakh, Average Ticket Price Rs 242

     

    2) Prem Ratan Dhan Paayo: GBO Rs 36.29 crore; NBO Rs 26.12 crore, Admits 17.2 lakh, ATP 211

     

    3) Dilwale: GBO Rs 26.88 crore, NBO Rs 19.42 crore, Admits 11.6 lakh, ATP Rs 231

     

    4) Tamasha: GBO Rs 22.48 crore, NBO Rs 16.11 crore; Admits 11.2 lakh, ATP Rs 201

     

    5) Pyaar Ka Punchnama: GBO Rs 19.08 crore, NBO Rs 13.64 crore, Admits 10 lakh; ATP 191

     

    The top five movies contributed to about 43 per cent NBO as compared to 56 per cent in the corresponding year ago quarter.

     

    NBO in the current quarter increased nine per cent YoY to Rs 251.20 crore (50.2 per cent of TIO) as compared to Rs 230.66 crore (48.60 per cent of TIO). ATP in the current quarter increased eight per cent to Rs 200 as compared to Rs 185 in Q3-2015. Q3-2016 saw admits increase 16 per cent to 5.43 crore as compared to 4.69 crore in Q3-2015.

     

    Food and Beverages and Advertisement revenue:

     

    Food and Beverage (F&B) share of Total Revenue was 25 per cent of operating revenue in the current quarter at Rs 113.58 crore, which was 12.9 per cent more than the Rs 100.62 crore (25.3 per cent of operating revenue) in the corresponding year ago quarter. Advertising revenue in the current quarter was 15.2 per cent of operating revenue) at Rs 69.26 crore increased 28.6 per cent as compared to Rs 53.85 crore (13.5 per cent of Operating revenue).

     

    Let us look at the other numbers reported by PVR:

     

    The company’s Movie Exhibition segment reported 13.5 per cent YoY growth in revenue at Rs 445.80 crore as compared to Rs 392.88 crore, but a 0.7 per cent QoQ decline as compared to Rs 448.90 crore. The segment reported 8.7 per cent YoY increase in operating profit at Rs 54.42 crore as compared to Rs 50.08 crore but a 12.1 per cent QoQ decline as compared to Rs 61.90 crore.

     

    Movie Production segment reported operating revenue of Rs 42.64 crore in the current quarter, Rs 11.85 crore in Q3-2015 and Rs 8.56 crore in the immediate trailing quarter. The segment reported operating profit of Rs 0.91 crore in Q3-2016, an operating profit of Rs 0.43 crore in Q3-2015 and an operating loss of Rs 0.48 crore in Q2-2016.

     

    The ‘Others’ segment reported revenue of Rs 19.01 crore in Q3-2016, Rs 19 crore in Q3-2015 and Rs 19.05 crore in Q2-2016. The segment reported operating loss of Rs 0.40 crore in Q3-2016; operating loss of Rs 0.13 crore in Q3-2015 and an operating loss of Rs 0.65 crore in Q2-2016.

     

    Total expense in Q3-2016 at Rs 445.50 crore (89 per cent of TIO) increased 20.6 per cent YoY as compared to Rs 369.33 crore (88 per cent of TIO) and increased 7.7 per cent as compared to Rs 413.83 crore (87.2 per cent of TIO).

     

    The company’s film exhibition cost increased 5.8 per cent YoY at Rs 104.21 crore (20.8 per cent of TIO) as compared to Rs 98.49 crore (23.5 per cent of TIO), but declined 8.2 per cent as compared to Rs 113.53 crore (23.9 per cent of TIO).

     

    F&B and other cost in Q3-2016 increased 2.5 per cent YoY to Rs 30.80 crore (6.2 per cent of TIO) as compared to Rs 309.05 crore (7.2 per cent of TIO) but declined 3.8 per cent as compared to Rs 32.01 crore (6.7 per cent of TIO).

     

    Other expense in Q3-2016 almost doubled YOY (up 1.97 times) to Rs 78.53 crore as compared to Rs 39.85 crore (9.5 per cent of TIO) and increased 80.50 per cent QoQ to to Rs 43.51 crore (9.2 per cent of TIO).

  • PVR enters the Rs 1000 crore revenue club; FY-2014 PAT up 26 per cent

    PVR enters the Rs 1000 crore revenue club; FY-2014 PAT up 26 per cent

    BENGALURU: Indian motion picture exhibition, production and distribution house PVR Limited (PVR) reported a 26 per cent jump in PAT in FY-2014 to Rs 56.05 crore (4.15 per cent of net total income from operations or Op Inc) in FY-2014 as compared to the Rs 44.50 crore (5.5 per cent of Op Inc) in FY-2013. The company’s Op Inc in FY-2014 increased 66.67 per cent to Rs 1351.23 crore, hence becoming another media and entertainment company to cross the Rs 1000 crore (Rs 10 billion) mark. PVR had reported revenues of Rs 810.70 crore in FY-2013.

     

    PVR’s consolidated revenue for Q4-2014 was Rs 316 crore as compared to Rs 240 crore during the corresponding period of last year, up by 32 per cent. Consolidated EBITDA for the quarter was Rs 35 crore as against Rs 18 crore in the same period last year, up by 92 per cent.

     

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

     

    PVR Limited has three main revenue streams – Movie Exhibition; Movie Production and Distribution and ‘Others’ which includes bowling, gaming and restaurant services.

     

    Let us look at the other Q4-2014 and FY-2014 numbers reported by PVR

     

    PVR reported more than double (2.01 times) operating profit in Q4-2014 at Rs 33.06 crore in Q4-2014 as compared the Rs16.44 crore in Q4-2013. EBIDTA in Q4-2014 was 92 per cent more at Rs 35.18 crore as compared to the Rs 18.36 crore in Q4-2013. However, in Q4-2014, the company has reported a loss of Rs 5.14 crore as compared to a profit of Rs 11.46 crore in Q4-2013.

     

    PVR’s exhibition business revenue grew by 74 per cent in FY-2014 to Rs 1271.43 crore from Rs 730.05 crore in FY-2013. PAT from this business grew 32 per cent in FY-2014 to Rs 57.87 from Rs 43.84 crore in FY-2013.

     

    In Q4-2014, PVR’s exhibition business revenue grew by 29 per cent to Rs 288.96 crore from Rs 223.68 crore in the year ago quarter. PAT during the quarter was 19 per cent down to Rs 7.11 crore from Rs 8.75 crore in Q4-2013.

     

    PVR’s net box office collection including Cinemax numbers went up 13 per cent to Rs 795.16 crore in FY-2014 as compared to the Rs701.26 crore in FY-2013. Net box collection during Q4-2014 was 20 per cent more at Rs 174.23 crore as compared to the Rs 144.28 crore in Q4-2013.

     

    Net Food and Beverage (F&B) revenue in FY-2014 at Rs 298.08 crore was 29 per cent more than the Rs 231.48 crore in FY-2013. IN Q4-2014, F&B income at Rs 71.28 crore was 46 per cent more than the Rs 48.84 crore in Q4-2013.

     

    Sponsorship revenue went up by 44 per cent from Rs 98.61 crore in FY-2013 to Rs 141.86 crore in FY-2014. In Q4-2014, sponsorship revenue went up 48 per cent to Rs 32.85 crore from Rs 22.14 crore in Q4-2013.

     

    Expenditure

     

    Total Expenditure (Tot Exp) in FY-2014 at Rs 1230.22 crore (91.04 per cent of Op Inc) was 65.02 per cent more than the Rs 745.52 crore (91.96 per cent of Op Inc) in FY-2013. Tot Exp in 4-2014 at Rs 315.58 crore (100.43 per cent of Op Inc) was 2.38 per cent more than the Rs 308.24 crore (91.82 per cent of Op Inc) in Q3-2014 and 32 per cent more than the Rs 239.15 crore (101.24 per cent of Op Inc) in Q4-2013.

     

    PVR’s film exhibition cost in FY-2014 at Rs 329.49 crore (24.38 per cent of Op Inc) was 64.4 per cent more than the Rs 200.43 crore (24.72 per cent of Op Inc) in FY-2013. Film exhibition cost in Q4-2014 at Rs 68.6 crore (21.83 per cent of Op Inc) was 17.7 per cent less than the Rs 83.34 crore in Q3-2014 and 14.5 per cent more than the Rs 59.91 crore (25.4 per cent of Op Inc) in Q4-2013.

     

    PVR Ltd chairman and managing director Ajay Bijli said, “FY 2014-15 has started well with strong performance of films like 2 States, Bhootnath Returns, Captain America and the strength of the film line up for the remaining part of the year underpins our confidence that we are on track with our plans for the full year. Our differentiated strategy, heightened brand awareness, and guest engagement tactics will further enhance the customer experience in 2014 and beyond. During the year the company also surpassed an important milestone of 400 screens in India further consolidating its leadership position in multiplex space in India. The merger of Cinemax with PVR also got completed and the management will continue to focus on driving synergies from the combined scale of operations which is reflecting in the market share and the reported results.”

     

    PVR operates multiplex theatres under two mother brands – PVR and Cinemax. In January 2013 the Company acquired 93.19 per cent of controlling stake in Cinemax India, a Cinema Exhibition Company having 135 screens spread across 38 locations in India, through its wholly owned subsidiary Cine Hospitality Private Limited to become the undisputed leader in the cinema exhibition business in India. Post aforesaid acquisition PVR together with Cinemax currently operates a cinema circuit consisting of 421 screens spread across 97 cinemas covering 41 cities in India. The company claims to be the dominant leader with 30-35 per cent share of box office collections for Hollywood movies in India and 20-25 per cent share of Bollywood movies.

     

    PVR claims to commands a phenomenal 70 per cent of the advertising revenue in the cinema medium space and delivers 360 degree exposure & innovative opportunities to brands, both on-screen and off-screen. The Company says that it is associated with the top 100 brands in the country. PVR is expected to add 70-80 screens every year.

     

    PVR has informed BSE that the Board of Directors of the Company at its meeting held on 29 May 2014, inter alia, has recommended payment of Final Dividend @ Rs 2.50 each share subject to the approval by the members of the Company in the forthcoming Annual General Meeting.

  • PVR Nest and Ryan International School initiate films to sensitise students on road safety

    PVR Nest and Ryan International School initiate films to sensitise students on road safety

    NEW DELHI: PVR Limited through its social programme and registered foundation PVR Nest and Ryan International School has created a film based road safety education programme at its Cinema at Sahara Mall, Gurgaon.

     

    For the first time, a social foundation and a school have come together on a same platform combining their synergies to create a very unique entertaining educational session on the very important issue of Road Safety for children who are the “Future road users”.

     

    Usually, the best behaviour practices while on road are forgotten. And thus, the issue was communicated to the children in the most innovative and entertaining manner using films as a medium. It is an effort to bring about behaviour change among children towards road safety to reduce the rate of accidents and make it a social movement.

     

    More than 250 children from Ryan International School participated in the program and took the pledge to carry the initiative forward by forming Road safety clubs in school and making their own original films on the issue. The program was given an opening with CineArt educational workshop which was followed by a Film making session by Mr. Nitin Das (an eminent filmmaker who has been awarded by British council for entrepreneurship in the social sector) and an entertaining film.

     

    On the occasion, PVR Vice President – CSR Deepa Menon said, “At PVR Nest, we are continuously looking at addressing core social issues that affect the community we live in and thus uphold our commitment towards urban sustainability. We are extremely happy to use our spaces and partner with Ryan International School to create education and action on this very important issue of children’s and family health& nutrition using the innovative mediums of films”.

     

    Ryan International School School, Sector 40 Gurgaon School Head Peeya Sharma, said “We at Ryan International School aim to provide a holistic education. I strongly believe that education moulds and chisels each student into a multi-faceted personality. We recognize the importance of contributing to society in a meaningful way through the hands of children. Through ‘Films for Change’ initiative we aim to inculcate the leadership and responsibility among our students. We are happy that we are able to reach out to our students through films which are the most powerful medium of engagement.”