PVR Limited (PVR) ranks among India’s largest and most premium film exhibition companies. In 1997, it established the first multiplex cinema at New Delhi, pioneering the multiplex revolution in India. As of today, the company continues to be on top of the market with relentless focus on operational and innovational excellence to democratise the big-screen movie experience.
Financial Results:
For the period ended Dec. 31 2022 the company posted a net profit of INR 161.5 million ($1.59 million). This is in comparison to INR 101.8 million which the company reported in the year-ago period.
With the help of recovery in advertisement revenues, the revenue of the company increased by 53 percent to stand at INR 9.41 billion. The company also experienced a 29 percent rise in theatre occupancy levels.
In the quarter, the company reportedly opened 20 screens. From the third quarter of 2020, pre-pandemic, the average price of tickets grew by 16 percent while the average beverage and food spend per head increased by 33 percent.