- PVR reported its best quarter ever as revenue, net profit and EBITDA were at all-time highs.
- PVR’s average ticket price also hit a record high of 250 in the past three months, thanks to a strong pipeline of movies.
- Movies like Brahmastra, Laal Singh Chaddha could also have an impact on PVR’s earnings in the coming quarters.
The Indian multiplex major PVR posted its best quarter yet, all thanks to major blockbuster releases such as KGF: Chapter 2, RRR, Bhool Bhulaiya 2 and Doctor Strange. The company reported its highest quarterly revenue and net profit in the April to June quarter.
Sales exceeded ₹1,000 crore for the first time in the first quarter of fiscal 2023, representing a nearly 10-fold increase over sales reported in the same quarter last year. The net profit was ₹53 crore. It reported a loss of ₹220 crore in the April-June 2021 quarter.
The company’s EBTIDA – earnings before interest, taxes, depreciation and amortization – was also at an all-time high as 2.5 crore people visited the cinemas in the past three months.
|Particularities||April-June 2022||April-June 2021|
|The total turnover||1,002 crore||93 crore|
|EBITDA||₹362 crore||-₹58 crores|
|Net profit||₹53 crores||-₹220 crores|
The company noted that the net box office revenue (NBOC) of KGF 2 alone was 121 crore, while the RRR was 94 crore.
|Movie||Net box office revenue in India||Earn net box office through PVR|
|KGF2||₹859 crore||₹121 crore|
|RRR||₹772 crore||93.7 crores|
|Bhool Bhulaiya 2||₹184 crore||₹47 crore|
|Dr Strange||₹122 crore||₹45.8 crore|
|Vikram||₹241 crore||₹26.6 crores|
PVR’s movie tickets only got expensive thanks to a good movie pipeline
The company also recorded its all-time highest average ticket price (ATP) of 250 for the quarter based on global and local releases.
“The quarter was marked by the release of some of the biggest domestic hits like KGF: Chapter 2, RRR, Vikram, Bhool Bhulaiya 2 and Hollywood tentpoles like Doctor Strange and Top Gun: Maverick, which performed extremely well at the box office,” PVR said in a statement.
Five brokerage firms – ICICI Securities/Direct, Motilal Oswal, Prabhudas Lilladher and ShareKhan – believe that a strong film pipeline could change the fate of cinema chains such as PVR and INOX as they attract large numbers of visitors.
The release of films like Kashmir Files, Rajamouli’s RRR, Sanjay Leela Bhansali’s historical drama Gangubai Kathiawadi had also brought a lot of charm to Indian theaters in March, making them the best month after years of slump. A strong pipeline ahead has made PVR and INOX more hopeful about their future.
Brahmastra, Laal Singh Chaddha — movies that could impact PVR’s revenue in the coming quarters
“The content pipeline for 2022 in the coming months looks extremely robust,” PVR said in its statement. The company has listed the following major budget lineup that could impact visitor numbers:
|shamshera||July 22, 2022|
|Paws of Fury: The Legend of Hank||July 22, 2022|
|Thank you||July 28, 2022|
|Vikrant Rona||July 28, 2022|
|Ek Villain returns||July 29, 2022|
|bullet train||August 5, 2022|
|Laal Singh Chaddha||August 11, 2022|
|Raksha Bandhan||August 11, 2022|
|Intermediary||August 12, 2022|
|Thiruchitrambalam||August 18, 2022|
|no||August 19, 2022|
|liger||August 25, 2022|
|Beast||September 2, 2022|
|Yaar Mera Titliyaan Warga||September 2, 2022|
|Brahmastra part one: Shiva||September 9, 2022|
|the queen of women||September 16, 2022|
|Dhokha Round D Corner||September 23, 2022|
|Vikram Vedha||September 30, 2022|
|Ponniyin Selvan||September 30, 2022|
|Godfather||October 5, 2022|
|The ghost||October 5, 2022|
|Mr and Mrs Mahic||October 7, 2022|
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