PVR Cinemas has declared a net profit of Rs. 23.89 crore for the quarter ended December 31, 2016, as compared to Rs. 30.1 crore for the same quarter last year, a decline of 20.6% YoY. Total income for the company increased 5.9%, from Rs. 509.3 crore in last year's quarter to Rs. 539.8 crore this Q3. 

Profits slowed despite the blockbuster Dangal, in part due to expansion efforts and higher expenses. The success of Raees and Kaabil will determine Q4 profitability and how the company concludes the financial year.