25 January 2019 3Q was the first quarter with full three months impact of SPI Cinemas consolidation. revenue was up 51% YoY to INR 8.4b (6% beat). EBITDA surged 62% YoY to INR1.6b (11% beat), with the margin expanding 130bp YoY to 19.5%. PAT grew 79% YoY to INR518m (29% beat). However, excluding SPI Cinemas, revenue was up 27% YoY to INR6,949m, driven by strong growth across segments, while EBITDA/PAT grew 40%/62% YoY. Excluding SPI Cinemas, PVR added 33 screens, reaching a total of 676 screens. Subsequently, admits were up 23% YoY to 21.3m. This, coupled with a 3% YoY uptick in ATP to INR220, drove a 26% YoY jump in ticketing revenue. F&B; revenue grew at a healthy 24% YoY, led by the uptick in admits, partly offset by a 3% YoY drop in SPH (INR90). Ad revenue rose 16% YoY to INR1b, while convenience fees grew 1.