Film Production
PVR enters the Rs 1000 crore revenue club; FY-2014 PAT up 26 per cent
BENGALURU: Indian motion picture exhibition, production and distribution house PVR Limited (PVR) reported a 26 per cent jump in PAT in FY-2014 to Rs 56.05 crore (4.15 per cent of net total income from operations or Op Inc) in FY-2014 as compared to the Rs 44.50 crore (5.5 per cent of Op Inc) in FY-2013. The company’s Op Inc in FY-2014 increased 66.67 per cent to Rs 1351.23 crore, hence becoming another media and entertainment company to cross the Rs 1000 crore (Rs 10 billion) mark. PVR had reported revenues of Rs 810.70 crore in FY-2013.
PVR’s consolidated revenue for Q4-2014 was Rs 316 crore as compared to Rs 240 crore during the corresponding period of last year, up by 32 per cent. Consolidated EBITDA for the quarter was Rs 35 crore as against Rs 18 crore in the same period last year, up by 92 per cent.
Note : 100,00,000=100 lakh = 1 crore = 10 million.
PVR Limited has three main revenue streams – Movie Exhibition; Movie Production and Distribution and ‘Others’ which includes bowling, gaming and restaurant services.
Let us look at the other Q4-2014 and FY-2014 numbers reported by PVR
PVR reported more than double (2.01 times) operating profit in Q4-2014 at Rs 33.06 crore in Q4-2014 as compared the Rs16.44 crore in Q4-2013. EBIDTA in Q4-2014 was 92 per cent more at Rs 35.18 crore as compared to the Rs 18.36 crore in Q4-2013. However, in Q4-2014, the company has reported a loss of Rs 5.14 crore as compared to a profit of Rs 11.46 crore in Q4-2013.
PVR’s exhibition business revenue grew by 74 per cent in FY-2014 to Rs 1271.43 crore from Rs 730.05 crore in FY-2013. PAT from this business grew 32 per cent in FY-2014 to Rs 57.87 from Rs 43.84 crore in FY-2013.
In Q4-2014, PVR’s exhibition business revenue grew by 29 per cent to Rs 288.96 crore from Rs 223.68 crore in the year ago quarter. PAT during the quarter was 19 per cent down to Rs 7.11 crore from Rs 8.75 crore in Q4-2013.
PVR’s net box office collection including Cinemax numbers went up 13 per cent to Rs 795.16 crore in FY-2014 as compared to the Rs701.26 crore in FY-2013. Net box collection during Q4-2014 was 20 per cent more at Rs 174.23 crore as compared to the Rs 144.28 crore in Q4-2013.
Net Food and Beverage (F&B) revenue in FY-2014 at Rs 298.08 crore was 29 per cent more than the Rs 231.48 crore in FY-2013. IN Q4-2014, F&B income at Rs 71.28 crore was 46 per cent more than the Rs 48.84 crore in Q4-2013.
Sponsorship revenue went up by 44 per cent from Rs 98.61 crore in FY-2013 to Rs 141.86 crore in FY-2014. In Q4-2014, sponsorship revenue went up 48 per cent to Rs 32.85 crore from Rs 22.14 crore in Q4-2013.
Expenditure
Total Expenditure (Tot Exp) in FY-2014 at Rs 1230.22 crore (91.04 per cent of Op Inc) was 65.02 per cent more than the Rs 745.52 crore (91.96 per cent of Op Inc) in FY-2013. Tot Exp in 4-2014 at Rs 315.58 crore (100.43 per cent of Op Inc) was 2.38 per cent more than the Rs 308.24 crore (91.82 per cent of Op Inc) in Q3-2014 and 32 per cent more than the Rs 239.15 crore (101.24 per cent of Op Inc) in Q4-2013.
PVR’s film exhibition cost in FY-2014 at Rs 329.49 crore (24.38 per cent of Op Inc) was 64.4 per cent more than the Rs 200.43 crore (24.72 per cent of Op Inc) in FY-2013. Film exhibition cost in Q4-2014 at Rs 68.6 crore (21.83 per cent of Op Inc) was 17.7 per cent less than the Rs 83.34 crore in Q3-2014 and 14.5 per cent more than the Rs 59.91 crore (25.4 per cent of Op Inc) in Q4-2013.
PVR Ltd chairman and managing director Ajay Bijli said, “FY 2014-15 has started well with strong performance of films like 2 States, Bhootnath Returns, Captain America and the strength of the film line up for the remaining part of the year underpins our confidence that we are on track with our plans for the full year. Our differentiated strategy, heightened brand awareness, and guest engagement tactics will further enhance the customer experience in 2014 and beyond. During the year the company also surpassed an important milestone of 400 screens in India further consolidating its leadership position in multiplex space in India. The merger of Cinemax with PVR also got completed and the management will continue to focus on driving synergies from the combined scale of operations which is reflecting in the market share and the reported results.”
PVR operates multiplex theatres under two mother brands – PVR and Cinemax. In January 2013 the Company acquired 93.19 per cent of controlling stake in Cinemax India, a Cinema Exhibition Company having 135 screens spread across 38 locations in India, through its wholly owned subsidiary Cine Hospitality Private Limited to become the undisputed leader in the cinema exhibition business in India. Post aforesaid acquisition PVR together with Cinemax currently operates a cinema circuit consisting of 421 screens spread across 97 cinemas covering 41 cities in India. The company claims to be the dominant leader with 30-35 per cent share of box office collections for Hollywood movies in India and 20-25 per cent share of Bollywood movies.
PVR claims to commands a phenomenal 70 per cent of the advertising revenue in the cinema medium space and delivers 360 degree exposure & innovative opportunities to brands, both on-screen and off-screen. The Company says that it is associated with the top 100 brands in the country. PVR is expected to add 70-80 screens every year.
PVR has informed BSE that the Board of Directors of the Company at its meeting held on 29 May 2014, inter alia, has recommended payment of Final Dividend @ Rs 2.50 each share subject to the approval by the members of the Company in the forthcoming Annual General Meeting.
Film Production
Arka Mediaworks onboards 88 Pictures as animation studio partner on ‘The Eternal War – Part 1’
Arka Mediaworks announces that 88 Pictures, the acclaimed animation and visual storytelling studio known for its cutting-edge CGI and cinematic artistry, is on board as the animation partner for the highly anticipated Baahubali: The Eternal War, a groundbreaking two-part 3D animated feature film set in the globally beloved Baahubali universe.
Baahubali: The Eternal War represents a bold new chapter in the Baahubali saga envisioned for national and international audiences and crafted with the ambition of delivering one of India’s most ambitious and globally benchmarked animation projects to date.
88 Pictures will execute the animation production, bringing to life the film’s richly detailed worlds, epic battle sequences, and larger-than-life characters with its signature blend of artistic vision, performance-driven animation, and advanced production pipelines. Working closely with the film’s creative leadership and technical partners, the studio aims to set new benchmarks in animation quality, cinematic storytelling, and global scalability.
This animated epic follows the successful re-release of Baahubali: The Epic (the combined theatrical version of the original live-action films) on 31 October 2025 across India and the USA. During the film’s interval, legendary creator and director S.S. Rajamouli (Baahubali 1 & 2, RRR) stunned audiences with a surprise teaser for The Eternal War – Part 1. The video immediately went viral, garnering widespread national and international acclaim across LinkedIn, Instagram, and YouTube for its ambitious visual style and scale.
Produced by Arka Mediaworks and led by co-founder and CEO Shobu Yarlagadda – producer of the iconic Baahubali duology, The Eternal War brings together fantastic storytelling and cutting-edge animation.. The film is directed and written by acclaimed animation filmmaker Ishan Shukla (Schirkoa: In Lies We Trust, Star Wars: Visions – “The Bandits of Golak”) and screenplay by Scott Mosier (The Grinch). Mihira Visual Labs, the studio co-founded by Yarlagadda anchors the film’s animation, visual development, and execution.
The partnership with 88 Pictures brings significant pedigree to the project; the studio is well-regarded for its work on high-profile international titles including DreamWorks’ series Trollhunters, the HBO Max original series Gremlins: Secrets of the Mogwai, Disney’s animated short An Almost Christmas Story to name a few.
Yarlagadda shared, “We are happy to onboard 88 Pictures as the animation studio partner for our prestigious and most expensive animated film from India. We believe that their expertise and capabilities will allow us to produce a first-of-its-kind, world-class animated feature film from India.”
88 Pictures founder & CEO Milind D. Shinde said, “Baahubali changed the way cinema is perceived and became a defining milestone that turned the tide for Indian live-action filmmaking. Expanding the franchise into an entirely new universe—at a never-seen, never-done scale—through an animated feature created in India for a global audience is set to redefine how the world views Indian animation. We are truly thrilled to be part of this landmark project and to bring it to life under the visionary direction of Ishan Shukla, guided by the experience and leadership of acclaimed producer Shobu Yarlagadda.”
Shukla expressed, “Eternal War requires a level of visual and emotional precision that can only come from teams who truly understand both craft and intent. Working with 88 Pictures, alongside Mihira Visual Labs, has been a deeply collaborative experience. This association brings together technical excellence and creative sensitivity, enabling us to translate an ambitious vision into a compelling cinematic reality.”
Baahubali: The Eternal War – Part 1 is scheduled for release in 2027
