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  

Bookmark

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.

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

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.