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|
|Net Income||Rs5.21 crore||Rs4.72 crore|
|Revenue||Rs80.13 crore||Rs82.98 crore|