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. restarted operations from Jul. 30, 2021, garnering 4% occupancy levels, with 588 operational screens (~70% by Sep. 2021).
The quarterly operating loss run-rate was contained at Rs 1.2 billion versus an operating loss of Rs 810 million YoY and Rs 1.3 billion QoQ, with revenue down 89% in Q2 FY22 against pre- Covid or Q2 FY20 levels.
A strong pipeline of movies to be released coupled with a fully operational network, despite some restrictions, should usher a revival. However, advancement of OTT platforms, shrinking of the exclusive window to four weeks for cinemas, and recent capital raise could overplay on valuations.
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