Consolidated revenue for the full year FY18 grew 8 percent YoY to Rs 2,365 crores from Rs 2,182 crores in FY17.
PVR Cinemas' consolidated revenue for the fourth quarter ending March 2018 grew 18.4 percent year-on-year at Rs 592 crores. Profit for the same quarter last year was Rs 500 crore.
Consolidated earnings before interest, tax, depreciation, and amortisation (EBITDA) for the quarter grew 59.4 percent YoY to Rs 102 crores from Rs 64 crores in the same period last year. EBITDA margin saw a sharp expansion to 17.2 percent from 12.8 percent in Q4 last year.
Consolidated revenue for the full year FY18 grew 8.4 percent YoY to Rs 2,365 crores from Rs 2,182 crores in FY17.
During the current financial year, PVR added 49 new screens. It now operates a network of 625 screens spread over 134 properties in 51 cities across the country. The company intends to add approximately 90 screens next year.
“We are extremely pleased with the continued strong financial performance of the business. The current quarter is the most profitable Q4 in PVR’s operating history, on the back of a strong content performance with all the key operating parameters witnessing robust growth," said Ajay Bijli, Chairman and Managing Director of PVR.
He said the company continues to remain extremely excited with the growth prospects of the Indian cinema industry and will continue to invest as we take the business to next level, especially in terms of customer experience.