Multiplex operator PVR Limited, on expected lines after Inox Leisure’s bumper show, reported strong Q1FY16 earnings, with consolidated revenue jumping 34% YoY to Rs. 486 crore and operating profit more than doubling to Rs. 83 crore, from Rs. 26 crore, same quarter last year. Net profit during the quarter showed six-fold increase to Rs. 58 crore, from less than Rs. 8 crore YoY. Release of blockbuster hits coupled with better occupancy lead to the fantastic financial show. EPS for Q1FY16 of Rs. 14.07 surpasses FY15 EPS of Rs. 3.09 by a huge margin.

Share has reacted positively to the earnings, up close to 4% at Rs. 846, before retreating from its new 52 week high price of 854.70, made on NSE minutes ago. Earlier this month, company had allotted 50 lakh equity shares at Rs. 700 per share to multiple PE investors, raising Rs. 350 crore by way of capital. Going by the current market price, these investors already seemed to have been well rewarded.   

Given by the line-up of Bollywood and Hollywood releases, for the just commenced festive season, a section of the marketmen opinion that the best for cinema exhibitors is yet to come. Picture abhi baki hain mere dost…