IDBI Capital: PVR Q2 Review - Excellence In Cost Management Repeated Amid Shutdown
A worker sanitizes a film theater in the PVR Icon cinema at the DLF Promenade Mall in New Delhi. (Photographer: Anindito Mukherjee/Bloomberg)

IDBI Capital: PVR Q2 Review - Excellence In Cost Management Repeated Amid Shutdown

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.

IDBI Capital Report

In Q2 FY21, PVR Ltd. continued to demonstrate strong cost management amid the shutdown of cinemas.

Its Ebitda (ex-India Accounting Standard) loss of Rs 842 million was lower than our forecast of Rs 954 million and was approximately 27% lower on QoQ basis.

Yesterday, the Maharashtra government joined the 16 states and Union Terrotories which have permitted cinemas to restart operations with an occupancy capacity of 50%.

Click on the attachment to read the full report:

IDBI Capital 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.