Consolidated net profit reported at Rs 30.15 crore
PVR currently operates about 570 screens across 46 cities and the figure is expected to touch 600 by March 2017
Warburg bought stake from affiliates of PE firm Multiples Alternate Asset Mgmt and PVR's founders
Multiplexes and cable firms will see less fallout from note ban, hence expected to do better
PVR operates a cinema circuit comprising 562 screens in 122 properties in 48 cities pan India
Move is part of PVR's attempt to promote digital transactions, is also fuelled by demonetisation
The move comes a couple of days after the ban on Rs 500 and Rs 1000 notes as mandated by the government
This will result in borrowed money exceeding the aggregate of company's paid up share capital and free reserves
PVR is currently the biggest multiplex chain in the country, with 553 screens across 131 properties in 48 cities across the country
PVR rallied 8% to Rs 1,280 after the media report suggests that China's Dalian Wanda Group eyes controlling stake.
Expands its presence in Mumbai Metropolitan Region with this launch, first multiplex in the region
However, the revenue increased 17% to Rs 570 cr
Company, however, did not specify on what it intends to do with the money
The chain experiments with movie-viewing experiences to cater to audiences in every price segment
BPCL, Carborundum Universal, Tube Investments and APL Apollo from the BSE500 index hit lifetime high on BSE.
While GST is the immediate trigger, ancillary revenues will provide additional boost
The Delhi-based firm aims to have around 610 screens in total at the end of the current fiscal
The stock hit a record high of Rs 907, up 3% on BSE in intra-day trade, extending its 5% gain in past two trading sessions.
Consolidated EBITDA for the quarter was Rs 52.9 crore, against Rs 12.7 crore in the same period last year, up 317%
PVR had posted a net loss of Rs 35.65 crore in the January -March quarter of the previous financial year