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%.
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