PVR Q1 Net up 80% at Rs 13.60 crore

Company reported a net profit of Rs 7.56 crore in the same period a year ago

Multiplex chain operator PVR Ltd today reported 79.89% increase in consolidated net profit at Rs 13.60 crore for the first quarter ended June 30, 2013.

The company had reported net profit of Rs 7.56 crore in the same period a year ago.

PVR's net sales were at Rs 334.45 crore in the quarter under review, an increase of 87.24% as against Rs 178.62 crore in the corresponding quarter last year, the company said in a filing to BSE.

Segment wise, its revenue from movie exhibition went up 111.46% to Rs 313.08 crore, movie production and distribution declined 72.48% to 6.32 crore and others went up  98.21% to 18.91 crore.

Total expenses of the company were at Rs 294.04 crore, an increase of 79.25% as against Rs 164.03 crore in the same period last year.

Meanwhile, company's shares closed at Rs 340.65 apiece on BSE, up 0.50% from the previous close.