Chennai, Jan 19 (IANS) Multiplex cinema major PVR (NS: PVRL ) Ltd on Thursday said it closed the third quarter of FY23 with a net profit of Rs 12.93 crore.
In a regulatory filing, the company said it had logged an after tax profit of Rs 12.93 crore for the quarter ended December 31, 2022 (Q3FY22 net loss of Rs 24.53 crore) on a total income of Rs 858.96 crore (Rs 626.28 crore).
The company's total expenses for the period under review stood at Rs 837.56 crore (Rs 664.56 crore).
Meanwhile, the company said the National Company Law Tribunal (NCLT), Mumbai Bench, has through its verbal order, allowed the proposed scheme of amalgamation between PVR Ltd and INOX Leisure.
The company expects to complete all the legal formalities with respect to proposed merger including issue of PVR shares to Inox shareholders within the next 45 days of receipt of certified true copy of the order passed by the NCLT.
"With the verbal approval for the merger coming through from NCLT, we are tracking well within the projected timelines for the closure of the transaction. We intend to complete all the formalities within the current financial year," Chairman cum Managing Director Ajay Bijli said in a statement.
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.