Multiplex operator PVR back in the black in Q3, revenue jumps 53%

Earnings before interest, tax, depreciation and amortization (Ebitda) grew 75.1 per cent YoY to Rs 288.8 crore in the quarter

PVR, the largest multiplex chain in the country, posted a consolidated net profit of Rs 16.2 crore in the December quarter, against a loss of Rs 10.2 crore in the corresponding period of the previous fiscal. The company beat Bloomberg estimates which had pegged net profit at Rs 15.82 crore. PVR had reported a loss of Rs 71.23 crore in the September quarter after reporting a profit of Rs 53.2 crore for the first time in two years in the June quarter.

PVR's consolidated revenue from operations rose 53 per cent year-on-year (YoY) to Rs 941 crore from Rs 614.2