Wednesday, October 30, 2013

PVR Q2 consolidated net profit at Rs. 27.66 crore

New Delhi: Multiplex chain operator PVR Ltd today reported a consolidated net profit at Rs. 27.66 crore for the second quarter ended September 30.

The company had posted a consolidated net profit of Rs. 16.14 crore in the same quarter previous fiscal, PVR said in a filing to the BSE.

Net sales during the period under review stood at Rs. 363.11 crore, while in the same period last year it was Rs. 192.12 crore, the company said.

The result of this year is not comparable with that of the last fiscal due to the acquisition of Cinemax India in the March 2013 quarter, the company said.

In January this year, PVR had announced the acquisition of 69.27 per cent stake from the promoter group of Cinemax in an all cash consideration of Rs. 395 crore through its subsidiary Cine Hospitality.

For the half year ended September 30, the company\'s net profit stood at Rs. 41.62 crore against Rs. 23.95 crore in the year-ago period.

Net sales for the first half of the fiscal was at Rs. 697.56 crore, while in the year-ago period it was Rs. 370.74 crore.

Shares of PVR Ltd were trading at Rs. 558 per scrip in the afternoon trade, up 7.07 per cent from the previous close on the BSE.
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