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Multiplex operator PVR back in the black in Q3, revenue jumps 53%

Earnings before interest, tax, depreciation and amortization (Ebitda) grew 75.1 per cent YoY to Rs 288.8 crore in the quarter

Viveat Susan Pinto Mumbai

Premium

PVR's consolidated revenue from operations rose 53 per cent year-on-year to Rs 941 crore

2 min read Last Updated : Jan 19 2023 | 10:10 PM IST

PVR, the largest multiplex chain in the country, posted a consolidated net profit of Rs 16.2 crore in the December quarter, against a loss of Rs 10.2 crore in the corresponding period of the previous fiscal. The company beat Bloomberg estimates which had pegged net profit at Rs 15.82 crore. PVR had reported a loss of Rs 71.23 crore in the September quarter after reporting a profit of Rs 53.2 crore for the first time in two years in the June quarter.

PVR's consolidated revenue from operations rose 53 per cent year-on-year (YoY) to Rs 941 crore from Rs 614.2 crore a year ago. The Bloomberg estimates had pegged the topline at Rs 886.3 crore for Q3. In Q2, PVR reported revenue of Rs 686.72 crore, while in Q1, the company's revenue came in at Rs 981.4 crore.

Earnings before interest, tax, depreciation and amortization (Ebitda) grew 75.1 per cent YoY to Rs 288.8 crore in the quarter.