PVR Q3 net profit falls 5.3% to Rs 29.9 crore

Net sales of the company stood at Rs 499.31 crore, up 19.2%

Multiplex operator PVR Ltd today reported 5.29% decline in consolidated net profit at Rs 29.88 crore for the third quarter ended December 2015, due to sharp increase in tax expense.

The company had posted a net profit of Rs 31.55 crore in the same period last fiscal.

Net sales of the company stood at Rs 499.31 crore for the third quarter of the current fiscal, up 19.20%, as against Rs 418.87 crore during the same period of previous fiscal, the company said in a BSE filing.

PVR's tax expense in the quarter under review stood at Rs 11.92 crore as against Rs 32 lakh in the corresponding period a year ago.

PVR shares were trading 0.42% down at Rs 733.35 apiece during the afternoon session on BSE.