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


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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


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