PVR Q4 Review - Capitalised To Sail Through Current Challenging Times: ICICI Securities
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ICICI Securities Report
PVR Ltd. had another washout quarter as expected; however, costs remain under control and it is sufficiently capitalised to sail through these challenging times.
Company remains confident about its business model.
Globally, performance of multiplexes post normalisation of Covid-19 related situation has been encouraging, and we expect the same to happen in India in course of time.
Movie pipeline remains healthy as well.
We have cut our adjusted FY22 Ebitda estimate by 71% on factoring-in minimal revenues in H1 FY22, and 8% for FY23.
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