PVR Ltd's Q3FY19 consolidated net profit rises 79.3% yoy to Rs52cr: Beats Estimates

The company’s consolidated revenue in the quarter stood at Rs843cr, up 51.3% yoy and 19% qoq.

Jan 24, 2019 01:01 IST India Infoline Research Team

PVR Ltd Q3FY19

Consolidated Results Q3FY19: (in Rs cr)

Q3FY19 YoY (%)
Revenue 843.11 51.3
EBITDA 164.31 61.9
EBITDA Margin (%) 19.5 127
Net Profit (adjusted) 51.76 79.3
***EBITDA margin change is bps

PVR Ltd’s revenue in Q3FY19 grew 51.3% yoy and 19% qoq to Rs843cr. EBITDA came in at Rs164cr, up 61.9% yoy and 32.5% qoq. The company's EBITDA margin expanded 127bps yoy and 199bps qoq to 19.49%. PVR's adjusted net profit was also up 79.3% yoy (up 56.8% qoq) at Rs52cr. EBITDA and PAT were above the estimates of Rs148cr and Rs48cr, respectively.

Movie exhibition revenue grew 50.9% yoy to Rs822cr.
Movie exhibition cost stood at 22.5% of the exhibition revenue vs 24.3% yoy and aided in margin expansion.
Other expenses stood at 39.4% of revenue vs 40.1% yoy, aiding in profitability growth.
Depreciation and amortization expenses grew 33.1% yoy to Rs51cr.
Tax expenses grew 119.6% yoy to Rs34cr.

Technical View:

PVR Ltd share price is currently at Rs1,613.55, up 6.05 points, or 0.38%, from its previous close of Rs1,607.50 on the BSE. The scrip opened at Rs1,618.95 and has touched a high and low of Rs1,633.50 and Rs1,578, respectively. So far, 12,26,790 (NSE+BSE) shares have been traded on the counter. The stock is currently trading below its 50-DMA.

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