BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
PVR Ltd. reported Ebitda loss of Rs 1.3 billion (better than estimate), similar to Q1 FY21, as curtailed opex during the second Covid-19 wave led lockdowns restricted losses.
A strong pipeline of movie releases and the gradual lifting of restrictions, coupled with the quicker recovery seen in most retail segments, remain key for revival.
Nevertheless, the advancement of over-the-top and recent capital raise could be an overplay on PVR valuations.
Our FY23E numbers remain intact and factor 4%/5% above FY20 numbers.
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