PVR Limited has dropped 7.5% to Rs 149 after its consolidated net loss widens at Rs 13.24 crore due to exceptional loss of Rs 14.47 crore during the fourth quarter ended March 2012. The company engaged in movie exhibition had a net loss of Rs 1 crore in the corresponding quarter of previous fiscal.
The company recorded a fall in EBITDA (earnings before interest, taxes, depreciation, and amortization) margins at 3.6% in Q4FY12 against 20.2% in the corresponding quarter last year.
Income from operations however, grew 31% at Rs 118 crore, while total operating expenses increased by 35% at Rs 121 crore on year-on-year basis.
Meanwhile, the board has recommended a payment of final dividend @ Rs 2/- per share for the financial year 2011-12.
The trading volumes on the counter surged multiple folds with a combined 332,517 shares have already changed hands so far, against an average around 15,000 shares that were traded daily in past two weeks on both the exchanges.