PVR stock climbs over 1% as it clocks over Rs1000 crore revenue in Q1FY23 results

22 Jul 2022 , 09:19 AM

PVR Limited has announced its unaudited standalone and consolidated financial results for the quarter ended June 30, 2022.

For the quarter ended June 30, 2022, Consolidated Revenue, EBITDA and PAT was Rs1,002 crore, Rs362 crore and Rs53 crore respectively as compared to Rs93 crore, Rs(58) crore and Rs(220) crore for the corresponding quarter in FY’22.

After adjusting for the impact of IND-AS 116 – Leases, Consolidated Revenue, EBITDA, and PAT of the Company was Rs1,000 crore, Rs208 crore and Rs68 crore respectively as compared to Rs71 crore, Rs(110) crore and Rs(142) crore for Q1 FY’22.

Q1FY23 remarks best quarter in company’s history in terms of Revenue, EBITDA and PAT. The company recorded the highest ever ATP of Rs250 for the quarter on the back of global and local tentpoles that resonated with the Indian audience.

The company has recorded the highest monthly average F&B revenue of Rs100+ crore during the quarter.

Further, the announced merger of company with INOX Leisure is progressing well where both the companies have received ‘No Objection Certifcates’ from the 2 stock exchanges (BSE and NSE) on the proposed scheme of merger.

The Company said in a filing that PVR is on the track to file merger approval application papers in front of the NCLT (National Company Law Tribunal) in the next few weeks.

At around 9:19 AM, PVR was trading at Rs1,937.75 per share up by Rs24.3 or 1.27% from its previous closing of Rs1,913.45 per share on the BSE.