PVR Ltd posted a consolidated net profit of Rs 27.7 crore for the quarter ended September 30, up 71 per cent compared to Rs 16.1 crore in the same quarter of the previous fiscal. Consolidated revenues for the quarter grew by 90 per cent to Rs 367.1 crore.
Ajay Bijli, Chairman and Managing Director, PVR said the strength of the film line-up for the second-half coupled with their performance in the first six months gives them the confidence that they are on track with plans for the full year. "We have maintained the position as the leading multiplex player in India and in this quarter we will surpass an important milestone of 400 screens in India," he added.
The company plans to add 90 screens this fiscal. During the first six months PVR added nine properties with 50 screens across various cities and now has a network of 398 screens spread over 92 properties in 37 cities across the country.