PVR reports Q3 net profit at Rs 31.55 crore

NEW DELHI: Multiplex operator PVR Ltd today reported a consolidated net profit of Rs 31.55 crore for the third quarter ended December 2014.

The company had posted a net profit of Rs 14.16 crore for the same period of previous fiscal, it said in a filing to the BSE.

Net sales of the company stood at Rs 419.35 crore for the third quarter, while the same was Rs 335.70 crore during the same period of previous fiscal, it added.

On a standalone basis, the company posted a net profit of Rs 31.43 crore, while it was Rs 12.69 crore in same period of previous fiscal.

Net sales stood at Rs 396.83 crore while the same were Rs 222.81 crore in the corresponding period.

The company said standalone financial figures for the quarter and nine months ended December 2014 are not comparable to the corresponding quarter ended December 2013 on account of merger of Cine Hospitality Pvt Ltd, Cinemax India Ltd and its subsidiaries with PVR Limited.

In a separate filing, the company said its Board has approved entering into a share purchase agreement with L Capital Eco Ltd for purchase of their entire investment in equity and preference shares of PVR Leisure Ltd.

PVR shares were trading 1.70 per cent up at Rs 685.35 apiece during afternoon session on the BSE.