BENGALURU: Indian motion picture exhibition, production and distribution house PVR Limited (PVR) reported more than nine-fold (9.3 times) profit after tax (PAT) for the fiscal ended 31 March 2016 (FY-16, current year, current fiscal) as compared to the previous fiscal FY-15. The company reported PAT of Rs 118.73 crore (6.3 percent margin of consolidated Total Income from Operations or TIO) as compared to PAT of Rs 12.76 crore (0.9 percent PAT margin of TIO). For fiscal FY-14, the company had reported PAT of Rs 50.39 crore (3.7 PAT margin of TIO).
PVR’s consolidated TIO in the current year increased 26.5 percent to Rs 1,873.54 crore as compared to Rs 1,481.34 crore in FY-15. TIO plus other income in FY-16 increased 27.1 percent to Rs 1,896.99 crore from Rs 1,485.98 crore in FY-15.
Note: The unit of currency in this report is the Indian rupee - Rs (also conventionally represented by INR). The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:
(a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.
(b) 10,000 lakh = 100 crore = 1 arab = 1 billion.
PVR’s total operating profit including other income (EBIDTA) in FY-16 increased 70.8 percent to Rs 358.09 crore (18.9 percent EBIDTA margin of total income including other income) as compared to Rs 209.67 crore (14.1 percent EBIDTA margin of total income including other income) in the previous year.
Total Expenditure in FY-16 increased 19.5 percent to Rs 1,664.09 crore (88.8 percent of TIO) as compared to Rs 1,393.11 crore (13.2 percent of TIO) in FY-15. Film Exhibition cost increased 22.4 percent to Rs 418.96 crore (23.4 percent of TIO) in FY-16 from Rs 324.18 crore (23.1 percent of TIO) in FY-15. Employee Benefit Expense (EBE) in the current year increased 29.5 percent to Rs 185.30 crore (9.9 percent of TIO) as compared to Rs 143.04 crore (9.7 percent of TIO).Other expenses in FY-16 increased 30.9 percent to Rs 212.29 crore (11.3 percent of TIO) as compared to Rs 162.21 crore (11 percent of TIO) in the previous fiscal. Food & Beverages and other costs increased 16.3 percent to Rs 124.83 crore (6.7 percent of TIO) from Rs 107.38 crore (7.2 percent of TIO) in FY-15.
Segment Revenue
Three segments contribute to PVR’s revenues.
The largest segment – Movie Exhibition reported 26.3 percent growth in operating revenue in FY-16 at Rs 1,730.09 crore from Rs 1,370.39 crore in the previous year. The segment reported more than double operating profit 2.34 times) of Rs 206.51 crore in the current fiscal as compared to Rs 88.23 crore in the FY-15
Movie Production and Distribution segment reported 59.1 percent growth in FY-16 at Rs 81.50 crore as compared to Rs 51.23 crore in FY-15. The segment’s operating profit in the current year increased 5.1 percent to Rs 2.88 crore from Rs 2.74 crore in FY-15.
PVR’s ‘Other’ segment which includes bowling, gaming and restaurant services reported 3.9 percent increase in revenue in FY-16 at Rs 76.85 crore as compared to Rs 73.96 crore in the previous fiscal. The segment reported operating profit of Rs 0.1 crore as compared to an operating loss of Rs 2.80 crore in FY-15.
The board of directors of PVR have approved a dividend of Rs 2 per equity share of face value of Rs 10 each
