PVR Q4 Review - Capitalised To Sail Through Current Challenging Times: ICICI Securities
A worker sanitizes a film theater in the PVR Icon cinema at the DLF Promenade Mall in New Delhi. (Photographer: Anindito Mukherjee/Bloomberg)

PVR Q4 Review - Capitalised To Sail Through Current Challenging Times: ICICI Securities

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.

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.

Click on the attachment to read the full report:

ICICI Securities PVR Q4FY21 Results Update.pdf

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