PVR, which currently has 421 screens, is aiming to reach the 500-screen mark by March 2015. The company added 73 new screens this financial year, with around 16-18 screens this quarter.
I think this will be a first quarter (Q4) after a slew of bad quarters where the footfalls will actually look positive on the same-store level.
Nitin Sood
CFO
PVR
Nitin Sood, CFO, PVR , expects the next quarter and the next financial year to be better for the company on the back of good movie line-up.
The company's Q3FY14 performance was hampered by slew of films underperforming at the box office.
Also Read: Overall FY14 to be good; to add 20 screens in March: PVR
"I think this will be a first quarter after a slew of bad quarters where the footfalls will actually look positive on the same-store level," he said.
The company has been able to realise a large part of synergies, post Cinemax merger, Sood said, adding though the "box office has been bad this year due to drop in footfalls, the combined revenues from the F&B (foods and beverages) segment have grown by 15 percent". The sponsorship revenues have grown up by 40 percent.
"As we integrate the entities, we should see some synergies arising out of cost, and F&B will continue to be big thrust area for us. Thus next year, box office, as it bounces back, combined with F&B will deliver strong earnings for us," he said.
PVR, which currently has 421 screens, is aiming to reach the 500-screen mark by March 2015. The company added 73 new screens this financial year, with around 16-18 screens this quarter.
Below is the transcript of Nitin Sood's interview to CNBC-TV18's Ekta Batra and Reema Tendulkar
Reema: At least the previous quarter was hampered on account of a slew of movies which underperformed at the box office. How has this quarter been so far for you all?
A: The good news is that the film line-up in Q4 has been decently better and overall footfalls are picking up. While I think overall this will be the first quarter after a slew of bad couple of quarters where the footfalls will actually look positive on a same store level, my sense is we are seeing great content in the coming years and the box office should bounce back very fast in Q1-Q2 and so on.
PVR stock price
On March 31, 2014, at 14:31 hrs PVR was quoting at Rs 475.00, down Rs 5.9, or 1.23 percent. The 52-week high of the share was Rs 657.50 and the 52-week low was Rs 281.65.
The company's trailing 12-month (TTM) EPS was at Rs 17.11 per share as per the quarter ended December 2013. The stock's price-to-earnings (P/E) ratio was 27.76. The latest book value of the company is Rs 160.90 per share. At current value, the price-to-book value of the company is 2.95.
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