PVR Q4 net loss narrrows to Rs 5 lakh, shares fall 1.7%
PVR’s total income from operations during the period under review was up 17.82% to Rs 499.68 crore, as against Rs 424.07 crore in the year-ago period.business Updated: May 30, 2017 15:51 IST
Multiplex chain operator PVR said on Tuesday it narrowed its consolidated net loss to Rs 5 lakh for the fourth quarter ended on March 2017, from Rs 6.16 crore a year ago, even though revenues were up 17.8% after a series of block-buster movies released last year.
PVR stock closed down 1.7% at Rs 1,447.50 at the National Stock Exchange on the dismal financial results.
PVR’s total income from operations during the period under review was up 17.82% to Rs 499.68 crore, as against Rs 424.07 crore in the year-ago period.
Its total expenses stood at Rs 493.68 crore, up 15.51%, compared with Rs 427.37 crore in the corresponding period a year ago.
For the entire 2016-17 fiscal, PVR’s consolidated net profit stood at Rs 95.79 crore, down 2.36%, from Rs 98.11 crore in the previous financial year.
Its total revenue for last fiscal stood at Rs 2,181.68 crore, up 14.04%, compared to Rs 1,913.04 crore in the previous year.
PVR board approved a dividend of Rs 2 per equity share of face value of Rs 10 for FY 2016-17.