PVR Ltd Q4FY22 loss narrows to Rs-105.49 crore yoy as revenues jump nearly three-fold

9 May 2022 , 02:51 PM

PVR Ltd reported 120.23% growth in sales revenues yoy for the Q4FY22 quarter on consolidated basis at Rs579.66 crore. On a sequential basis, revenues were lower for the quarter by -18.32%. For the full year FY22, the revenues were higher by 121% at Rs1,657 crore.

With most of the theatre outlets back at full functioning, the top line built up although the revenues are still below the 2018 levels as the releases are going slow.

It needs to operate at a much higher scale to break even at an operating level going ahead.

The consolidated net loss for Q4FY22 narrowed to Rs-105.49 crore while it was higher on a sequential basis compared to a small net loss of Rs-10.20 crore in the Q3FY22.

The company saw an expansion in revenues across its movie exhibition business and the movie distribution business. However, both the lines of business made an operating loss at an EBITDA level due to fixed costs yet to be absorbed at current volumes.

The company has recently announced a merger between PVR Ltd and Inox Leisure to create a media giant.

Financial highlights for Mar-22 compared yoy and sequentially

	PVR Ltd
Rs in Crore	Mar-22	Mar-21	YOY	Dec-21	QOQ
Total Income (Rs cr)	₹ 579.66	₹ 263.21	120.23%	₹ 709.71	-18.32%
Net Profit (Rs cr)	₹ -105.49	₹ -289.21	N.A.	₹ -10.20	N.A.
Diluted EPS (Rs)	₹ -17.29	₹ -50.58		₹ -1.63
Net Margins	-18.20%	-109.88%		-1.44%