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
Kayhan Entertainment shifts focus to original IP creation
New studio founded by VFX veterans aims to build globally scalable Indian stories.
MUMBAI: India’s VFX talent has long helped Hollywood create blockbusters now a new studio wants to write the stories as well as the special effects. Kayhan Entertainment Private Limited is entering its next phase of growth as a next-generation storytelling studio focused on creating original intellectual property for global audiences. Founded by Dalbir Singh and Arushi Govil, the studio blends strong storytelling with world-class VFX and CGI across films, television, advertising and digital platforms.
While India has established itself as a global hub for VFX and animation services, Kayhan is making a strategic shift from pure execution to IP ownership. The studio aims to move beyond project-based work and develop culturally rooted content designed to travel internationally, while remaining open to strategic collaborations.
Dalbir Singh, with over 15 years of experience in VFX and filmmaking, has contributed to major global productions including Avengers: Endgame, Zack Snyder’s Justice League and Venom. He leads creative direction at Kayhan. Arushi Govil brings deep production expertise from leading studios such as MPC, Framestore and DNEG, having worked on Tenet, Mission: Impossible – Fallout and Brahmastra.
A key milestone for the studio was the launch of its first IP, Chote Tara Ka Bada Gadar, on Kids Zee in 2025. Kayhan is now expanding its slate with FAB 5, an original animated series that combines action, humour and emotional storytelling while promoting teamwork, courage and kindness. The fast-paced episodic format is positioned for long-term franchise potential across platforms.
Dalbir Singh, Co-Founder, said the studio’s primary focus is building an IP-led creative enterprise, while remaining open to the right collaborations. Arushi Govil, Co-Founder, added: “As we scale, our focus is on building the right mix of talent and capability… At Kayhan, we are investing in people as much as we are in IP, bringing together global experience and emerging creators to build stories that can compete at an international level.”
Looking ahead, Kayhan plans to evolve into a broader IP-led ecosystem spanning media, consumer products, education, talent development and immersive experiences such as AR and VR. The studio also intends to establish an IP incubator and develop transmedia storytelling formats.
From blockbuster VFX credits to building its own story universe, Kayhan Entertainment is stepping into the spotlight with a clear ambition, to create Indian IP that doesn’t just shine on screen, it travels the world.
