PVR Ltd Q4 net up 148%

New Delhi, June 7 (UNI) Multiplex major PVR Ltd today said its net profit increased by 148 per cent to Rs 2.21 crore for the quarter ended March 2007 as compared to Rs 89 lakh during the corresponding quarter last year.

The revenues, net of entertainment, sales and service taxes, for the same quarter grew 61 per cent to clock Rs 42.55 crore from Rs 26.42 crore in the same quarter last fiscal.

For the fiscal 2007, the company's revenues grew by 62 per cent to Rs 172 crore, from Rs 108 crore last year.

''We entertained about 1.47 crore customers in our cinemas during 2006-07 as against 87 lakh customers in the previous year, a growth of 68 per cent,'' said PVR Ltd Chairman and Managing Director Ajay Bijli in a statement.

About 50 multiplex screens are presently under various stages of construction and fit-outs and are expected to commence operations over next 12 months, he said.

In addition to the above, the company has about 150 screens signed up for multiplex development across the country.

UNI