PVR reports Q1 net profit at Rs 7.66 crore

NEW DELHI: Multiplex operator PVR Ltd today reported a consolidated net profit of Rs 7.66 crore for the quarter ended June 30, 2014.

The company had reported a consolidated net profit of Rs 13.60 crore for the April-June quarter of the last fiscal, it said in a regulatory disclosure.

Meanwhile, in a separate filing, the company said its board today approved raising Rs 500 crore through Qualified Institutional Placement (QIP).

However, it would be subject to approval from the members in the forthcoming Annual General Meeting, it added.

Consolidated net sales during the first quarter of 2014-15 fiscal stood at Rs 361.69 crore. It was Rs 334.45 crore in the year-ago period.

The company has informed that its "standalone figures of the first quarter ended June 30, 2014 are not comparable to the corresponding quarter ended June 30 on account of merger of CHPL, CIL and its subsidiaries with PVR Ltd".

Shares of PVR were trading 4.39 per cent up at Rs 648.85 per scrip during afternoon trade at the BSE.