PVR announces results for Quarter and Financial Year Ended March 31, 2018

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PVR
Image Credit - India TV

New Delhi, May 04 2018: PVR Limited today announced it’s audited standalone and consolidated financial results for the quarter and full year ended 31st March 2018

The consolidated revenues for the quarter ended March 2018 were Rs 592 crores as compared to Rs 500 crores during the corresponding period of last year, witnessing a growth of 19 per cent. Consolidated EBITDA for the quarter was Rs 102 crores as against Rs 64 crores in the same period last year, witnessing a growth of 60%. EBITDA margin stood at 17.2% as compared to 12.8% in same period last year, reporting an expansion of 440bps. Consolidated PAT for the quarter was Rs 26 crores as compared to 1 lac during the corresponding period of last year

The consolidated revenue for FY 2017-18 was Rs 2,365 crores as compared to Rs 2182 crores in FY 2016-17, up by 8%. Consolidated EBITDA for FY 2017-18 was Rs 433 crores as against Rs 376 crores in FY 2016-17, up by 15%. Consolidated PAT for FY 2017-18 was Rs 124 crores as against Rs 96 crores in FY 2016-17, up by 29%.
During the current financial year, PVR added 49 new screens and now operates a network of 625 screens spread over 134 properties in 51 cities across the country. The company intends to add approx 90 screens in FY 17-18.

Commenting on the results and performance, Mr. Ajay Bijli, Chairman cum Managing Director, PVR Ltd said “We are extremely pleased with the continued strong financial performance of the business. The current quarter is the most profitable Q4 in PVR’s operating history, on the back of a strong content performance with all the key operating parameters witnessing robust growth. We continue to remain extremely excited about the growth prospects of the Indian cinema industry and will continue to invest as we take the business to next level, especially in terms of customer experience. We endeavor to enhance our leadership position by continuously innovating across all aspects of our business.”
About PVR Limited

PVR is the largest and most premium film exhibition company in India. Since its inception in 1997, the brand has redefined the way entertainment is consumed in India. PVR currently operates a cinema circuit comprising 628 screens at 135 properties in 52 cities (19 states & UTs), serving 85 million patrons annually. While PVR’s total screen count increases with this new launch; PVR offers an array of formats; the premium screen category count stands at 36 screens of Gold Class, 07 of IMAX, 07of 4DX, 04 of PXL and 04 of Playhouse across the country.