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Tag: PVR

  • Q1-2015: PVR posts higher q-o-q revenue: F&B grows 20%: Board moots Rs 500 crore issue

    Q1-2015: PVR posts higher q-o-q revenue: F&B grows 20%: Board moots Rs 500 crore issue

    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. In Q1-2015, the company posted an 8.1 per cent increase in consolidated TIO at Rs 362.26 crore as compared to the year ago TIO of Rs 335.19 crore and 15.3 per cent more than the Rs 314.23 crore in the immediate trailing quarter (Q4-2014).

     

    Note: Rs 100 lakh = Rs100,00,000 = Rs 1 crore = Rs 10 million.

     

    Though the company reported a more than 10-fold (10.35 times) PAT in Q1-2015 at Rs 7.66 crore as compared to the Rs 0.74 crore in Q4-2014, PVR’s Q1-2015 PAT was 43.7 per cent lower than the Rs 13.6 crore in Q1-2014.

     

    PVR reported just 0.4 per cent q-o-q increase in footfalls in its cinemas in Q1-2015 at 1.52 crore, because it says that there were no big releases during the quarter. It however says that food & beverages (F&B) revenues showed a strong growth of 20 per cent over corresponding quarter of previous year on account of success of the various strategic initiatives taken by the company.

     

    The company has also informed the bourses that the board of directors of the company at its meeting held on 31 July 2014, inter alia, has approved the issue of securities up to Rs 500 crore through Qualified Institutional Placement (QIP) subject to approval of the members in forthcoming Annual General Meeting of the Company.

     

    PVR chairman Ajay Bijli said, “Early Q2 industry box office results have been very strong with movies Ek Villain & Kick, we are optimistic regarding box office prospects for the remaining part of the year which 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 & beyond.”

  • PVR introduces special merchandise for ‘Singham Returns’

    PVR introduces special merchandise for ‘Singham Returns’

    MUMBAI: PVR Cinemas, a movie exhibition company in India has recently commenced another new venture to woo its audience. The company has launched an exclusive range of merchandise for its patrons to give them an even closer feel to the nuances of the movie. These merchandises are integrated with PVR’s F&B service.

     

    PVR, being the cinema partner of the film Singham Returns, has associated with the Bollywood production house for the first time. As part of this, it will introduce exclusive Singham Returns popcorn bags, sippers for beverages and lunch boxes that can also be carried home by patrons, as souvenirs.

     

    PVR Pictures president Kamal Gianchandani said, “Cinema watching in India is changing at a dynamic rate. Today, the patrons demand a personal- visual treat when they enter to watch a movie. Internationally, movie merchandising is extremely popular with cult movies like Star Wars, Harry Porter series, Jurassic Park and many more. PVR, being the industry leader leaves no stones unturned to offer its patrons a global- standard movie watching experience in the country.”

     

    PVR has launched a series of candy merchandising with Disney as well with its ‘Take Home Disney collection’ for international characters like Spiderman and Princess. Some upcoming merchandise includes the likes of Cars and Avengers. 

     

    The movie Singham Returns is slated to release on 15 August 2014.

  • Star Movies gets ready for ‘Fast and Furious 6’ world TV premiere

    Star Movies gets ready for ‘Fast and Furious 6’ world TV premiere

    MUMBAI: For its Fast and Furious 6 premiere, Star Movies has put together a high voltage promotional campaign which will see a double premiere on 20 July at 1pm and 9pm. 

      
    Star India English cluster general manager Kevin Vaz says, “So far we have premiered 6o titles. Because of our association with major studios like NBC, Universal Studios, Fox and others we get access to all the premieres and we ensure to open with high octane titles for our audiences.”

     

    When asked why the channel decided to telecast the movie during the 1:00 pm slot, Vaz says “Our core audiences are in this slot. It is also good sampling opportunity and for the convenience of our viewers we will be double premiering it. Earlier we also premiered Life of Pi, Breaking Dawn and A Good Day to Die Hard during the same slot.”

     

    As part of the marketing campaign-‘India’s Fast 6’– six fans will get an opportunity to experience an electrifying ride Fast and Furious style in the super sports car SLS-AMG at the Budh International Circuit, Delhi. For this, viewers need to participate in a contest by logging on to www.Indiasfast6.com through their Facebook or Twitter accounts. They have to then complete a set of tasks leading to the ultimate one-clicking a selfie with the movie in the background while it is on air.

     

    As a countdown to the world premiere, the channel aired the previous five installments of Fast and Furious every Sunday, with the first installment airing on 15 June.

     

    Promos are also on air on sister channels like Star Movies, Star World and Fox Life. The channel has partnered with Jet Airways, PVR, Smaaash and goibibo.com for the premiere. Star Movies will engage with its audiences on Twitter, wherein participants stand a chance to win limited edition Fast and Furious collectibles like sports car and pen-drives every day. Using the #FastBid, they can bid for merchandises.

     

    As part of its future premieres Vaz says, “Wolverine will air on 15 August followed by other titles like Thor, Frozen and Captain America later in the year.”

  • Keira Knightley starrer ‘Begin Again’ to hit theaters on 18 July

    Keira Knightley starrer ‘Begin Again’ to hit theaters on 18 July

    MUMBAI: Bring out the romantic within you, this monsoon. PVR Director’s Rare gears up to release its latest offering, Begin Again.

     

    Starring Keira Knightley and Mark Ruffalo, the film which is written and directed by John Carney also marks the acting debut of the lead singer of pop rock band Maroon 5, Adam Levine.

     

    PVR JMD Sanjeev Kumar Bijli said, “We are glad to bring a fun, light-hearted movie like ‘Begin Again’ under the banner of PVR Director’s Rare. We are certain that the movie will not be liked just by music lovers but will strike a chord with the wider Hollywood cinema loving audience as well. By investing in such critically-acclaimed movies, we want to continue our pursuit of bringing an eclectic mix of niche and independent cinema to Indian theatres.”

     

    Begin Again is a soul-stirring comedy about what happens when lost souls meet and make beautiful music together. Greta (Keira Knightley) and her long-time boyfriend Dave (Adam Levine) are college sweethearts and songwriting partners who decamp for New York when he lands a deal with a major label. But the trappings of his new-found fame soon tempt Dave to stray and a reeling, lovelorn Greta is left, all alone. Her world takes a turn for the better when Dan (Mark Ruffalo), a disgraced record-label exec, stumbles upon her performing at an East Village stage and is immediately captivated by her raw talent. From this chance encounter emerges an enchanting portrait of a mutually transformative collaboration, set to the soundtrack of a summer in New York City.

     

    SGN Mediaworks director Kishor Shrivastav added, “SGN Mediaworks is proud to be associated with a film like Begin Again that boasts of a great star cast and such an engaging storyline. Begin Again is the kind of movie that leaves you with a smile. With our especial love for romance and music, the film is the perfect watch for the Indian audience.”

     

    A romantic musical set in New York, Begin Again will release on 18 July 2014, across the country.

  • PVR Director’s Rare to release Sri Lankan film, ‘With You, Without You’ in India

    PVR Director’s Rare to release Sri Lankan film, ‘With You, Without You’ in India

    MUMBAI: Renowned Sri Lankan director Prasanna Vithanage’s Oba Nathuwa Oba Ekka (With You, Without You) is all set to see a limited release in India with PVR Director’s Rare. Adapted from Fyodor Dostoyevsky’s novella, ‘The Meek One,’ the film casts National Film Award winning Indian actress Anjali Patil and Sri Lankan actor Shyam Fernando in the lead. Originally a Sinhala and Tamil-language film, With You, Without You will release with English subtitles in Mumbai, Delhi, Bangalore, Chennai, Pune and Hyderabad on 13 June.

     

    Set in post war Sri Lanka, With You, Without You is the story of two people who collide accidentally. Through these characters, the film expresses a deep and seemingly unbridgeable chasm that conflict almost always creates. The two ends of the 30 year-old bloody civil war in Sri Lanka, 45 year-old Sri Lankan man Sarathsiri (Shyam Fernando) and 24 year-old Tamil girl Selvi (Anjali Patil) fall in love only to discover that the colour of love is blue, and life, shades of grey.

     

    Talking about the film, director Prasanna Vithanage said, “When I decided to adapt ‘The Meek One’ into a film, I based it upon the biggest issue of Sri Lanka which is the ethnic conflict. We live in a society which still has unhealed wounds from a war that lasted over thirty years and this confrontation of a Sinhalese man and a Tamil minority woman became the dramatic premise of my script. Their struggle with their own past for me was a metaphor for the struggles of the nation as a whole.”

     

    Added PVR JMD Sanjeev Kumar Bijli, “We are extremely pleased to announce the release of Sri Lankan film, With You, Without You in India. The film highlights a sensitive issue in the most touching way and we are sure that the audience will associate with the film, taking away the message that the director, Prasanna Vithanage has tried to convey. We look forward to continuing our association with the international film industries and bring quality films to our patrons in India.”

     

    With You, Without You has been screened and applauded at several Film Festivals like Chicago International Film Festival, Montreal World Film Festival, International film festival of India, Kerala International Film Festival and Hong Kong International Film Festival to name a few. The film bagged the Russian Critic’s Prize at Sakhalin International Film Festival, SIGNIS Award at Milano African Asian Film Festival, Best Actress – Anjali Patil at 43rd International Film Festival of India etc.

     

    Click here to watch the trailer of the movie:

  • Tarzan to exhibit his wilderness into Indian cities this April

    Tarzan to exhibit his wilderness into Indian cities this April

    MUMBAI: The latest motion capture animated motion picture adaptation of Edgar Rice Burrough’s beloved Tarzan will be released in India by PVR Pictures on 18 April.

     

    Commenting on the release of Tarzan, PVR president Kamal Gianchandani, states, “Tarzan is a family entertainer set to release in times when animated movies are the toast of the season. The story’s universal appeal coupled with state of the art special effects will undoubtedly win over Indian fans. We feel privileged to maintain our endeavor to bring the best of international titles to India.”

     

    The film features the vocal talents of Kellan Lutz (The Twilight Saga) as Tarzan, Spencer Locke (Resident Evil), Jaime Ray Newman (Mind Games), Mark Deklin (Devious Maids) and Trevor St. Johns (One Life to Live) and is directed by Reinhard Klooss (Animals United).

     

    The story of Tarzan, the ape-like protagonist begins with an expedition in the remote African jungle where in an unfortunate series of events, John Greystoke and his wife are killed in a helicopter crash while investigating a mysterious meteorite site. Only their young son J.J., nicknamed Tarzan, survives. A group of gorillas discover the boy in the wreckage and take him in as their own. Tarzan grows up learning the harsh laws of the jungle for nearly a decade until he encounters another human being – the courageous and beautiful young Jane Porter. It is love at first sight. But things get dangerous when William Clayton, who travels to Africa with Jane under false pretense, reveals his true – and greedy – intentions. Tarzan, now a man like no other, must use all his jungle instincts and intellect to protect his home and defend the woman he loves.

  • Muted box office performance pares PVR profit, numbers in Q3-2014

    Muted box office performance pares PVR profit, numbers in Q3-2014

    BENGALURU: Muted box office performance by most of the films released during Q3-2014 resulted in a 48.6 per cent drop in consolidated PAT to Rs 14.16 crore from Rs 27.55 crore in Q2-2014 for Indian motion picture exhibition, production and distribution house PVR Limited. Revenue also dropped by 7.91 per cent in Q3-2014 to Rs 339.39 crore from Rs 367.27 crore in Q2-2014. 

     

    Consolidated numbers cannot be compared with Q3-2013, because Cinemax became a subsidiary of PVR Limited only effective 7 January 2013.  

     

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

     

    PVR says that there were only three big films (Goliyon Ki Raasleela Ram Leela, Krrish 3 and Dhoom 3) in Q3-2014 as compared to seven big films (Student of the year, English Vinglish, Jab Tak Hain Jaan, Son of Sardar, Talaash, Dabangg 2 & Life of Pi) in Q3-2013. The company says that big films like Boss, Beshram, R..Rajkumar, Bullet Raja underperformed. Further it says that occupancy of top 10 movies for Q3-2014 for comparable properties was down by six per cent as against same period last year, while Admits for top 10 movies for comparable properties was down by 17 per cent as against same period last year. Top 10 movies admission contribution was 62 per cent in Q3 2014 as against 71 per cent in same period last year. 

     

    In spite of the drop in footfalls, the average total ticket price in Q3-2014 at Rs 169 was up by 3.55 per cent from the Rs 163 in Q3-2013 and remained the same as the immediate trailing quarter (Q2-2014). Total consolidated admits in Q3-2014 fell by 5.3 per cent to about 143 lakh (100 lakh=1 crore) from 151 lakh in Q3-2013 and fell by 13.86 per cent from 166 lakh in Q2-2014. 

     

    Overall net box office revenue (PVR and Cinemax combined) was down by 1.45 per cent at Rs 196.59 crore in Q3-2014 as compared to the Rs 199.48 crore in the corresponding quarter of last year and was 11.59 per cent lower than the Rs 222.36 crore in Q2-2014. 

     

    Consolidated Food and Beverage (F&B)  revenue grew by 14.62 per cent in Q3-2014 to Rs  73.13 crore  as compared to Rs 63.80 crore in the corresponding quarter of previous year, but fell q-o-q by (-7.95) per cent from Rs 79.45 crore.   

     

    Consolidated Sponsorship Income during the quarter grew 23.05 per cent to Rs 41.95 crore from Rs 32.28 crore over same period last year and grew 18.24 per cent from the Rs 35.48 crore in Q2-2014; on account of synergies arising out of acquisition of Cinemax says the company. 

     

    PVR Limited movie production and distribution segment reported revenue of Rs 6.81 crore for Q3-2014, up 11.27 per cent as compared to the Rs 6.12 crore in Q3-2013, but down  by 4.62 per cent as compared to the Rs 7.14 crore in Q2-2014. The segment results were a positive Rs 2.5 crore in the current quarter as compared to a positive Rs 1 lakh (Rs 0.01 Crore) in Q2-2014 and NIL in Q3-2013. 

     

    Let us look at the other Q3-2014 figures reported by PVR

     

    The two brands that contribute to PVR Limited movie exhibition revenue are PVR Multiplex and Cinemax Multiplex which was merged last year with PVR Limited (as mentioned above). 

     

    PVR Multiplex Numbers 

     

    PVR reported revenue of Rs 224.42 crore in the current quarter, up 15.11 per cent as compared to the Rs 194.8 crore in Q3-2013. Its net box office collection at Rs 136.06 crore was 12.58 per cent more than the Rs 120.86 crore in Q3-2013, but 9.64 per cent lower than the Rs 150.58 crore in Q2-2014. 

     

    PVR expense during Q3-2014 at Rs 191.24 crore was 19.32 per cent higher than the Rs 160.28 crore in Q3-2013 and 0.7 per cent lower than the Rs 192.58 crore in Q2-2014. 

     

    PVR Finance cost at Rs 13.34 crore in Q3-2014 was 67.38 per cent more than the Rs 7.97 crore in the corresponding quarter of last year and 14.41 per cent more than the Rs 11.66 crore in Q2-2014. 

     

    PVR Total Admits in the current quarter grew by 6.6 per cent to about 97 lakh from 91 lakh in the corresponding quarter of last fiscal but fell by 11 per cent from the 109 lakh reported during Q2-2014. 

     

    PVR Total Average Price per ticket in Q3-2014 at Rs 181 which was four per cent more than the Rs 174 in Q3-2013 and 2.26 per cent more than the Rs 177 in the immediate trailing quarter. 

     

    PVR F&B income during Q3-2014 at Rs 49.79 crore was up 32.7 per cent as compared to the Rs 37.52 crore in Q3-2013 but was down by 8.64 per cent as compared to the Rs 54.50 crore in Q2-2014. 

     

    PVR Q3-2014 Sponsorship income was up 30.28 per cent to Rs 30.39 crore from Rs 23.25 crore in Q3-2013 and was up 24.55 per cent as compared to the Rs 24.32 crore in the immediate trailing quarter. 

     

    PVR Q3-2014 PAT was down by 10.76 per cent to Rs 12.69 crore from Rs 14.22 crore in Q3-2013 and down by 41.87 per cent from Rs 21.83 crore in Q2-2014. 

     

    Cinemax Multiplex brand Numbers 

     

    Cinemax reported revenue of Rs 96.51 crore for Q3-2014, down by 17.38 per cent from the Rs 116.81 crore in Q3-2013 and down  by 13.65 per cent as compared to the Rs 111.77 crore in Q2-2014. 

     

    Cinemax expense during the current quarter at Rs 82.12 crore was 9.69 per cent lower than the Rs 90.93 crore in Q3-2013 and 2.74 per cent lower than the Rs 84.43 crore in the immediate trailing quarter. 

     

    Cinemax Finance Cost for Q3-2014 at Rs 2.59 crore was 24.27 per cent lower than the Rs 3.42 crore in Q3-2013 and 3.72 per cent lower than the Rs 2.69 crore in Q2-2014.

     

    Cinemax Total Admits in Q3-2014 were down by 23.33 per cent at 46 lakh from about 60 lakh in Q3-2013 and were down by 19.3 per cent from about 57 lakh in Q2-2014. 

     

    Cinemax Total Average Price per ticket in Q3-2014 was 1.25 per cent more at Rs 162 in Q3-2014 as compared to the Rs 160 in the corresponding period of last year and 4.52 per cent higher than the Rs 155 in Q2-2014. 

     

    Cinemax F&B Income at Rs 23.34 crore was down (-11.19) per cent as compared to the Rs 26.28 crore in the corresponding quarter of last year and was down (-6.45) per cent from the Rs 24.95 crore in Q2-2014. 

     

    Cinemax Sponsorship Income for Q3-2014 at Rs 11.66 crore was 29.13 per cent up from the Rs 9.03 crore in Q3-2013 and 4.48 per cent more than the Rs 11.16 crore of the immediate trailing quarter. 

     

    Cinemax PAT for Q3-2014 at Rs 4.56 crore was down by 45.58 per cent from the Rs 8.38 crore in Q3-2013 and was down to almost a third (down by 65.18 per cent) of the Rs 13.08 crore in Q2-2014. 

     

    During the year, PVR says that it has opened 12 new properties with 60 screens and currently operates a network of 408 screens spread over 95 properties in 39 cities across the country. During the quarter, the company also surpassed an important milestone of 400 screens in India, further consolidating its position in the multiplex space in India. The company says that it will continue its aggressive expansion plans and intends to add approximately 40 screens in the next six months. 

     

    Click below for:-

     

    Investor Update Q3 FY 2013-14

     

    PVR BM Outcome 31.01.2014

     

    PVR Financial Results Q3 FY 2013-14

     

    Cinemax Financial Results Q3 FY 2013-14

  • PVR expands its footprints in Mumbai

    PVR expands its footprints in Mumbai

    MUMBAI: PVR Cinemas, the largest cinema exhibition company in India has further strengthened its national presence with the launch of its 2-screen multiplex in Milap Mall, Kandivali (West) with a seating capacity of 325. Opening with 100% occupancy for the blockbuster film Dhoom 3, PVR Milap commences its journey on a buoyant note. PVR Cinemas recently surpassed the milestone of 400 screens and with the newly opened multiplex it reaches a count of 94 cinemas, 404 screens and 38 cities in India.

    Gautam Dutta, Chief Operating Officer, PVR Ltd, said, “Giving our customers an unmatched movie viewing experience is our prime goal here at PVR. Mumbai is an exciting market being the hub of cinema and it is with PVR Milap, our 21st property in the city, that we further reiterate our stance of being the largest cinema exhibition company in the country. This organic growth and expansion strengthens our presence in Maharashtra as we grow to 33 properties in the region.”

    The 8,000 sq. ft property gives its customers an ambience of luxury and style with walls expressing the era of cinemas dazzled with a theme of golden, beige and red. Giving an edge to the multiplex is the exceptional sound and projection technology offered by PVR. The multiplex possesses 2K Digital projection, Dolby sound and 3D enabled with PULZ speakers, bringing to the discerning movie-goers a quality cinema experience.

    Alongside, is a wide array of F&B ranging from savor combos of popcorns, nachos and gourmet sandwiches to an exotic variation of desserts.

    PVR first set foot in Maharashtra in the year 2006 and continues to keep alive the love of cinema offering its audiences with state of the art facilities and a fresh feel with the launch of PVR in Milap.

  • Deutsche Bank and PVR Nest once again bring in the festive cheer to 5000 kids from NGOs across cinemas in five cities

    Deutsche Bank and PVR Nest once again bring in the festive cheer to 5000 kids from NGOs across cinemas in five cities

    MUMBAI: After the joyful success last year, ‘5000 Popcorns’ returned to kick start the festive cheer in New Delhi, Mumbai, Kolkata, Pune and Bengaluru, which  witnessed packed cinema auditoriums with 5000 children sitting transfixed to watch the heart-warming ‘Stanley ka Dabba’, an Amole Gupte film.

    Amole Gupte himself joined the children at PVR Goregaon, Mumbai and interacted with them amongst cheers and applause.

    In its second year ‘5000 Popcorns’, which is a joint initiative of Deutsche Bank in India and PVR Nest, a registered foundation of India’s leading multiplex chain PVR Limited, brought together 5000 children from not for profit and community schools in one of the largest simultaneous movie screenings across cities. The children enjoyed the film that takes you through the wonder years of childhood while skilfully weaving in messages for providing education to all children and opposing child labour.

    Speaking on the occasion, Shrinath Bolloju, Chief Operating Officer, for Deutsche Bank in India said “After the stirring and warm response we got from the kids last year, we at Deutsche Bank are pleased to once again bring in the Christmas and New Year’s cheer to the children through the magic of cinema, even while sharing a beautiful and inspiring social message. We are delighted with the enthusiastic response we have received from the children and NGOs.”

    Ms. Deepa Menon, Vice President- Corporate Social Responsibility at PVR Limited said “We are extremely happy to partner with Deutsche Bank through ‘5000 Popcorns’ and being able to bring entertainment to such a large number of children. Such platforms enable children to explore their talents on a broader canvas. It is not just about entertainment, PVR Nest, through its creative education programs has aimed at nourishing children’s creativity and building their capacities on film making and publishing of over 1,00,000 children  from 100 city schools each year.”

  • Encore! PVR repeats blockbuster results for Q2-2014

    Encore! PVR repeats blockbuster results for Q2-2014

    BENGALURU:  Indian motion picture exhibition, production and distribution house PVR Limited (PVR) repeated, actually bettered by far, its Q1-2014 stellar results during Q2-2014. PVR’s consolidated revenue for quarter ended 30 September 2013 stood at Rs 367.1 crore up 89 per cent as compared to Rs 193.6 crore during the corresponding period of last year and nine per cent more than PVR’s consolidated revenue for Q1-2014 which was Rs 337.3 crore.

     

    Consolidated profit after tax (PAT) at Rs 27.7 crore up by 71 per cent as against of Rs 16.1 crore in the September quarter last year (Q2-2013), and more than double the PAT of Rs 13.6 crore in Q1-2014.

     

    The company says that it has delivered a strong financial and operational performance in the quarter especially given that there were only two big releases – Chennai Express and Bhaag Milka Bhaag in the quarter as compared to five big films (Ek Tha Tiger, Barfi, Bol Bachan, Dark Knight  and Amazing Spiderman) a year-ago. The company also says that footfalls increased by eight per cent to 1.66 crore in the quarter while average ticket prices rose by four per cent as against same period last year.

     

    NOTE : (1) The board of directors in the meeting held on 15 June 2013, approved the composite scheme of amalgamation (Scheme) for the merger of Cine Hospitality Private Limited its wholly owned subsidiary and Cinemax India Limited along with its subsidiaries companies, namely , Nikmo Entertainment Limited, Odeon Shrine Multiplex Limited, Vista Entertainment Limited, Growel Entertainment Limited and Cinemax Motion Pictures Limited with the Company from the appointed date of 1st April 2013. As per the proposed Scheme, which is subject to approval of shareholders, creditors and regulatory authorities, the minority shareholders of Cinemax India Limited will receive equity shares of PVR Limited in the swap ratio of four equity shares of PVR Limited against seven equity shares of Cinemax India Limited. Further, SEBI, NSE & BSE have given their NOC in the current quarter and 7 December 2013 has been fixed by the Hon’ble High Court, New Delhi for holding the meeting of members and creditors of the Company.

     

    (2) The company in Oct 2013 entered into an agreement for sale of Anupam multiplex property located at Saket, New Delhi for a total consideration of Rs 52 crore. The sale and property is in line with company’s strategy to maintain an asset light business model.  The sale will release substantial capital to fund the future projects and enable the company to improve its Return on Capital Employed says PVR.1

     

    Let us look at the figures reported by PVR Limited for Q2-2014
    Exhibition Business

     

    PVR

    PVR’s standalone revenue of Rs 237.94 for Q2-2014 was 32 per cent more than the Rs 179.87 crore for Q2-2013 and 13.75 per cent more than the Rs 209.18 crore for Q1-2014.

     

    Expense for Q2-2014 at Rs 192.58 crore was 33 per cent more than the Rs 145.26 crore of Q2-2013 and 11 per cent more than the Rs 173.16 crore of Q1-2013.
    It’s EBIDTA for Q2-2014 at Rs 45.36 crore (Margin 19.1 per cent) as compared to the Rs 34.61 crore (Margin 19.2 per cent) for Q2-2013 and Rs 36.02 crore (Margin 17.2 per cent) for Q1-2014.111

     

    PVR’s standalone PAT for Q2-2014 at Rs 21.83 crore was 46 per cent more than the Rs 14.96 crore of Q2-2013 and more than a third (up 34 per cent) of the Rs 16.25 crore in Q1-2014.

     

    Cinemax

     

    Revenue for Q2-2014 from Cinemax at Rs 111.77 crore was five per cent lower than the Rs 117.44 crore for Q2-2013 and three per cent more than the Rs 108.62 crore for Q1-2014.

     

    Expense for Q2-2014 at Rs 84.43 crore was three per cent lower than the Rs 87.15 crore of Q2-2013 and 1.3 per cent lower than the Rs 85.52 crore of Q1-2014.
    EBIDTA for Q2-2014 was Rs 27.34 crore (24.5 per cent); for Q2-2013 – Rs 30.9 crore (25.8 per cent) and Rs 23.09 crore (21.3 per cent) for Q1-2014.

     

    Q2-2014 PAT at Rs 13.08 crore was 17 per cent lower than the Rs 15.81 crore of Q2-2013, but over 2 and half times (2.52 times) of the Rs 5.19 crore of Q1-2014.
    PVR says that Cinemax ATP was flat on account of harmonising of ticket pricing on weekdays and weekends in accordance with PVR pricing strategy and tax free Marathi films played in the western circuit.

     

    Food and beverage revenues grew by 25 per cent over corresponding quarter of previous year on account of success of the various strategic initiatives taken by the company. A 42 per cent growth in Sponsorship revenues reflected strong continuing positive performance year on year.

     

    PVR chairman cum MD Ajay Bijli said, “The strength of the film line up for the second half coupled with our solid first six months performance underpins our confidence that we are on track with our plans for the full year. We have maintained the position as the leading multiplex player in India and in this quarter we will surpass an important milestone of 400 screens in India.”