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PVR Q2 Review - Full-House Expected Soon: Prabhudas Lilladher

PVR Q2 Review - Full-House Expected Soon: Prabhudas Lilladher

Red Reserved signs are displayed on seats to enforce social distancing measures at the Cineteca Nacional movie theater in Mexico City (Photographer Jeoffrey Guillemard/Bloomberg)
Red Reserved signs are displayed on seats to enforce social distancing measures at the Cineteca Nacional movie theater in Mexico City (Photographer Jeoffrey Guillemard/Bloomberg)

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.

Prabhudas Lilladher Report

PVR Ltd.’s operational performance was subdued with Indian-Accounting Standard adjusted Ebitda loss of Rs 1.1 billion due to paucity of content and prevailing occupancy caps.

However, with Maharashtra, a key market for Hindi movies, having opened cinemas from October 22, many production houses have announced their release schedules.

Strong movie pipeline and relaxation in occupancy caps is likely to result in sharp revival in box office revenues.

We continue to remain positive on PVR given-

  1. pick-up in vaccination drive and receding Covid-19 cases is likely to result in footfall stabilisation by H2 FY22,

  2. encouraging average ticket price/spending per head trends indicate there is no change in behavioral psyche of patrons and

  3. wide spread closure of single screens amid liquidity constraints is expected to reduce competitive risks post-pandemic.

Click on the attachment to read the full report:

Prabhudas Lilladher PVR Q2FY22 Result Update.pdf

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