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.
Prabhudas Lilladher Report
PVR Ltd.’s operational performance was subdued with Indian-Accounting standard adjusted Ebitda loss of Rs 1.2 billion due to paucity of content and intermittent closures.
However, with declining Covid-19 cases, staggered re-opening is on the cards (13 states and three union territories’ have already given permission to re-open) and footfalls are likely to stabilise by H2 FY22.
Though emergence of second wave has delayed the recovery process is prompting us to cut our footfall estimates by 31% to ~43 million in FY22 we remain constructive on PVR over the long term as content pipeline is strong which is expected to result in bunching up of releases post reopening.
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