PVR posts 3.7% rise in Q1 profit at Rs 44.40 crore

NEW DELHI: PVR on Wednesday reported a 3.7 per cent YoY rise in net profit at Rs 44.40 crore, which was largely in line with Rs 45 crore estimated by analysts in an ET Now poll.

The company had reported Rs 42.80 crore-profit in the corresponding quarter last year.

Sales for the quarter rose 13.2 YoY to Rs 636.6 crore, compared with Rs 562.20 crore in the year-ago quarter. Ebitda for the quarter rose to Rs 112 crore from Rs 106.6 crore in the same quarter last year. That said, it fell short of Rs 128 crore-projection by the ET Now poll.

Margins for the quarter dropped to 17.6 per cent from 19 per cent in the year-ago quarter.