PVR Ltd Q2 Net Profit Up 10% At Rs5.21 Cr; Revenues Down 3.4% Y-O-Y

Multiplex chain PVR Ltd today said net profit for the three months ended 30 September was Rs5.21 crore, up 10.3% from the year-ago period. The growth in PAT came from cost control as total expenditure was 4.14% lower year-on-year at Rs70.15 crore. Total revenues fell 3.4% y-o-y at Rs80.13 crore.

Consolidated net profit for the period was Rs6.77 crore, up 25% from Rs5.41 crore a year ago.

For the half year ended 30 September, the company swung to a net loss of Rs6.87 crore from a profit of Rs7.25 crore during the corresponding period last fiscal.

While revenues from the company’s mainstay exhibition business grew, its movie production and distribution unit proved to be a drag on revenues, bringing in just Rs1.23 crore during the quarter under review, compared with Rs30.25 crore a year ago. The newly launched bowling alleys business brought in revenues of Rs3.53 crore and profits of Rs84 lakhs.

2Q 2009 2Q 2008
EPS Rs2.26 Rs2.05
Net Income Rs5.21 crore Rs4.72 crore
Revenue Rs80.13 crore Rs82.98 crore

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