iconiifl-logo-icon 1
IIFL

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

  • Open Demat with exclusive Advice & Services
  • Get a dedicated Relationship Manager to help you grow your wealth
  • Exclusive advisory on 20+ trading & wealth-based investment options
  • One tap Investments, Automated trading & much more
  • Minimum 1 lakh margin required
sidebar image

PVR net loss narrows in Q3FY22 on the back of strong operating profit

21 Jan 2022 , 04:49 PM

In its press release on Friday PVR Ltd

announced its Q3 results for FY 2021-22. The company’s performance showed significant growth after the covid restrictions hit the entire business abruptly last year. Its financials represent that the company is crawling to growth as against its last year’s performance.

For the quarter ended December 31, 2021, the company reported a Consolidated Revenue, EBITDA of Rs. 709.7 crores, Rs. 260.5 crores respectively as compared to Rs. 320.1 crores, Rs. 196.6 crores for the corresponding quarter last year. However, the company reported a net loss of Rs 10.18 crore for the quarter ending December 2021 against the net loss of Rs 49.10 crore for the previous corresponding quarter.

The company’s EBITDA for the 9M period ending on December 2021 stood at Rs 1077.47 crores against Rs 486.09 crores for the quarter ending December 2020, incorporating a growth of 121.66%.

The company states that the quarter under consideration is the best quarter for the company in terms of business since Mar’20 after getting hit by the covid strains, as it has reported significant sales in the quarter itself. However, rising covid strains might again push back business for the upcoming quarter. The quarter witnessed strong content flow from Hollywood, Bollywood, and Regional Genres. From an EBITDA loss in Oct’21 to 23.7% positive EBITDA margin in Dec’21, the business grew from strength to strength with content from all 3 genres of Regional, Bollywood and Hollywood doing well.

“The strength and agility of our business was demonstrated during the last quarter. The pace with which the business recovered from October to December, validates that as soon as new content was made available, our patrons came back to the cinemas. The success was seen across of all genres of content. Had the last week of December not been impacted by Omicron and the ensuing restrictions we would have closed with even better numbers for December. We continue to remain extremely bullish on the long-term prospects of the business and will continue to invest & innovate in bringing richer and more experiential formats for our audiences,” stated Ajay Bijli, Chairman cum Managing Director, PVR Ltd., commenting on the company’s performance.

During the quarter the company opened its flagship 7 screen multiplex cinema and India’s first Drive-in rooftop theatre at iconic Jio World Drive Mall at BKC Mumbai which has opened to stupendous reviews. With the above addition, the company has now opened 4 properties with 18 new screens across the country during the current fiscal year.

The company continues to remain strong financially with total available liquidity (including undrawn working capital lines) on the balance sheet being over Rs. 740 crores as of December 31, 2021.

PVR Ltd ended at Rs1,535.90 down by Rs26.35 or 1.69% from its previous closing of Rs1,562.25 on the BSE.
The scrip opened at Rs1,546.10 and touched a intraday high and low of Rs1,589.35 and Rs1,512.30 respectively.

Related Tags

  • PVR New Screen
  • PVR News
  • PVR Q3 Results
  • PVR Stocks
  • PVR Updates
sidebar mobile

BLOGS AND PERSONAL FINANCE

Images
29 Mar 2024   |   10:14 AM
Images
28 Mar 2024   |   03:36 PM
Images
28 Mar 2024   |   03:01 PM
Images
28 Mar 2024   |   01:21 PM
Read More
Knowledge Centerplus
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Knowledge Centerplus

Follow us on

facebooktwitterrssyoutubeinstagramlinkedin

2024, IIFL Securities Ltd. All Rights Reserved

ATTENTION INVESTORS
  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

RISK DISCLOSURE ON DERIVATIVES
  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

plus
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.