Q2: PVR Ltd net at Rs 6.44 cr, up 27 pc

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PVR Ltd net at Rs 6.44 cr, up 27 pc
Bangalore, Oct 29: PVR Limited on Thursday, Oct 29 announced its financial results for the quarter and half year ended Sep 30, 2009.

The consolidated profit after Tax for the quarter ended Sep 30, 2009 were at Rs 6.44 crores, up by 27 per cent.

Total consolidated revenues for the quarter ended Sep 2009, were Rs at 9222 lacs, as compared to Rs 10863 lacs during the corresponding quarter ended Sep 2008, down by 15 per cent.

EBIDTA for the quarter ended Sep, 2009 was Rs 1925 lacs as compared to Rs1623 lacs in Q2 2008-09, up by 19 per cent.

Ajay Bijli, Chairman & Managing Director, PVR LTD, said, "The first quarter of the current financial year had been challenging on account of lack of movie content for more than 65 days due to strike between producers/distributors and exhibitors."

"The business was back to normal in this quarter ended Sep 2009. The ATP also increased from Rs 132 in the previous quarter to Rs 145 in this quarter showing a strong growth of 10 per cent," he said.

"We have been able to achieve an EBITDA margin of 21 per cent during the quarter as compared to 15 per cent in corresponding period in 2008," he added.

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