PVR, Inox Leisure Q3 Earnings Preview - Omicron To Delay Pre-Covid Level Performance: Nirmal Bang

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..Nirmal Bang Report.PVR Ltd. and Inox Leisure Ltd. declined by ~20% and ~10%, respectively in Q3 FY22, owing largely to the emergence of the Omicron variant of Covid-19 and expectation that it would hit Q4 FY22 financial performance. Pre-Omicron, the industry was shaping up very well in Q3 FY22, with each succeeding month delivering better operating and financial metrics compared to the previous one. Despite what we think would be a transitory and mildly painful phase in Q4 FY22 (unlike wave one and two), some of the post-pandemic concerns surrounding the film exhibition business have been laid to rest. Like consumers’ response (that they would not venture into the theaters), over-the-top affecting film exhibition business, etc. The strong bargaining power of the players and the earlier than-expected return of advertising revenue by Dec-21 indicate that the industry is ready to bounce back with vigour..Click on the attachment to read the full report:.DISCLAIMERThis 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 author entity 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.

PVR, Inox Leisure Q3 Earnings Preview - Omicron To Delay Pre-Covid Level Performance: Nirmal Bang

PVR, Inox Leisure Q3 Earnings Preview - Omicron To Delay Pre-Covid Level Performance: Nirmal Bang

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