Hindi
PVR Q1 net Rs 78.1 mn vs loss in previous quarter
MUMBAI: Cinema exhibitor PVR Limited returned to profits in the first quarter ended 30 June after a loss in the preceding quarter ended 31 March 2012.
PVR said its net profit in the first quarter was Rs 78.1 million against a loss of Rs 132.4 million in the preceding quarter. The net profit in the first quarter was down nearly 46 per cent from Rs 144.2 million a year earlier.
The company‘s consolidated revenues for the first quarter were up 51 per cent to Rs 1.77 billion from Rs. 1.17 billion a year earlier.
Consolidated EBITDA for the quarter was Rs. 346 million, up 52 per cent from Rs 227.7 million a year earlier.
Commenting on the results, PVR Ltd chairman cum MD Ajay Bijli said, “The good results is a function of the company‘s long term location strategy to partner in best mall developments in the country, its unique design philosophy, strong customer focus and a unique brand positioning. We are encouraged by the robust growth in footfalls and remain buoyant regarding the potential for box office success for the remainder of FY 2012-13.
The standalone revenues from exhibition/production business increased to Rs 1.59 billion from Rs 1.04 billion in the same period last year, up by 52 per cent. EBITDA for the quarter was Rs. 334.4 million as compared to Rs 195.4 million in corresponding period of last year, up by 71 per cent.
Its net profit for the first quarter was Rs 79.8 million down from Rs 224.7 million a year earlier and against a net loss of Rs 148.1 million in preceding quarter ended March 31, 2012.
The company said its exhibition business showed a growth of 33 per cent in the overall revenues driven by strong box office performance and food & beverage revenues.
During the quarter under review and subsequent period the company added 13 screens at Jalandhar, Ujjain and Ludhiana. The company at present operates 41 properties with 179 screens in 24 cities across the country.
The company has significant expansion plans and intends to add another 69 screens in the remainder of 2012-13 in key markets like Pune, Bangalore, Nagpur, Mumbai, Mysore, Bilaspur, Panipat, Kolkata and Vijayawada.
The company‘s subsidiary PVR bluO is also setting up bowling centers across the country with four new centers with 80 lanes slated to open in FY 2012-13.
Hindi
Kridhan Infra enters film production with AI-led feature film
Infra firm debuts AI-powered film marking RSS centenary
MUMBAI: Kridhan Infra Limited is swapping hard hats for headsets. The infrastructure company has announced its entry into film production and media technology through its subsidiary, Kridhan Mediatech Private Limited, with the nationwide theatrical release of Shatak: Sangh Ke 100 Varsh, an AI-led feature film.
With Shatak, the company is not just stepping into cinema but staking a claim in what it describes as one of the world’s early full-length AI-driven feature films. Artificial Intelligence has been embedded across the creative and production process, from script visualisation and environment creation to modelling and production design.
The film commemorates 100 years of the Rashtriya Swayamsevak Sangh, tracing defining moments, personalities and historical phases that shaped its journey. By combining archival storytelling with algorithm-powered creativity, the project attempts to blend heritage with high technology.
For Kridhan Mediatech, this is only the opening scene. The subsidiary’s broader ambition spans AI, CGI, virtual production systems and scalable content models for both theatres and digital platforms. The move signals a strategic diversification for Kridhan Infra, traditionally rooted in engineering and construction.
The timing aligns with India’s growing push to become a global AI powerhouse. At the 2026 AI Impact Summit, prime minister Narendra Modi urged innovators to design in India and deliver to the world. Kridhan Mediatech’s initiative positions itself squarely within that narrative, aiming to export technology-enabled storytelling beyond domestic audiences.
India’s media and entertainment industry, valued at over Rs 2.5 lakh crore, alongside a rapidly expanding AI economy projected to cross Rs 1.4 lakh crore in the coming years, offers fertile ground at the intersection of cinema and code.
“With Shatak, we proudly present one of the world’s first AI-led full-length feature films while marking our strategic entry into film production and media technology through our subsidiary,” the company said in a statement. “Our vision is to combine India’s rich narrative heritage with forward-looking innovation. This is just the beginning of building globally competitive, technology-enabled cinematic experiences.”
From infrastructure to imagination, Kridhan’s latest venture suggests that in today’s India, even storytelling can be engineered.
