PVR Posts 66 Per Cent Drop in Q2 Profit

New Delhi: Multiplex operator PVR Ltd on Friday reported a decline of 66.60 per cent in consolidated net profit at Rs 9.20 crore for the quarter ended September 2014.

The company had reported a consolidated net profit of Rs 27.55 crore for the corresponding quarter a year ago.

However, PVR's total consolidated income from operations during the fiscal second quarter increased 9.41 per cent to Rs 400.20 crore as against Rs 334.45 crore in the same period last year, the company said in a filing to the BSE.

PVR said its "standalone figures of the quarter ended September 30, 2014 are not comparable to the corresponding quarter ended September 30, 2013 on account of merger of CHPL, CIL and its subsidiaries with PVR Ltd".

For the first half of fiscal year 2014-15, consolidated net profit also declined 59.02 per cent to Rs 16.86 crore as against Rs 41.55 crore a year ago. However, total consolidated income from operations during the period increased 8.77 per cent to Rs 762.46 crore. It was Rs 700.96 crore in the same period last year.

Shares in PVR, on Friday, ended at Rs 701.25 apiece on the BSE, down 1.29 per cent from the previous close.