ICICI Direct: PVR Q2 Review - Occupancy Traction Post Reopening Holds Key  
An employees wears a protective mask while waiting to greet customers outside the PVR Icon cinema at the DLF Promenade Mall in New Delhi, India. (Photographer: Anindito Mukherjee/Bloomberg)

ICICI Direct: PVR Q2 Review - Occupancy Traction Post Reopening Holds Key  


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ICICI Direct Report

PVR Ltd. reported a washout Q2 FY21 as expected. As a result of cinemas being shut, revenue came in at Rs 40.5 crore (95.8% YoY de-growth).

Box office revenue of Rs 60 lakh (income from Sri Lanka property) was reported while no ad revenues were reported.

Food and beverage income was Rs 3.7 core whereas Rs 27.5 crore of movie distribution rights was reported.

The company has invoked Force Majeure leading to no rental expenses.

Click on the attachment to read the full report:

ICICI Direct PVR Q2FY21 Result Update.pdf


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