 "PVR Q1 net declines marginally to Rs 42.8 cr")
Cinema exhibition chain PVR Ltd saw 17.33% growth in revenue in Q1FY17. The company’s income for the quarter ended June 2016 stood at Rs 570.24 crore as compared to Rs 486.01 crore in Q1FY16. The operating profit however was down marginally y-o-y from Rs 83.98 crore in the quarter ended June 30, 2015 as compared to Rs 83.56 in the quarter under consideration.
Consequently, PAT saw a drop of 1.6% in Q1FY17 at Rs 42.8 crore as compared to Rs 43.5 crore in the same quarter last year. Operational profit was impacted by significant increase employee benefit costs, rent, electricity and maintenance cost and other expenses. PAT was further impacted by tax expenses, even as other income grew from Rs 2.5 crore in June 2015 to Rs 6.3 crore y-o-y.
On Friday at 1330 hours, the company's stock on BSE was trading 0.8% higher at Rs 1,152.
