PVR Q4 Review - Cost Reduction, Liquidity Cushions Lockdown Impact: Motilal Oswal
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.
Motilal Oswal Report
PVR Ltd.’s net loss came in at Rs 1.7 billion (in line), with operating loss at Rs 1.2 billion (estimate loss of Rs 695 million), as a recovery in occupancy levels was gradual at 8%, with 50% capacity limits.
However, South Indian movies reached 50-60% of pre-Covid-19 levels and overall average ticket prices touched 10% below pandemic levels at Rs 184 due to the lockdown caused by the second Covid-19 wave, reflecting pent up demand.
The second Covid-19 wave has pushed back the business recovery to FY23E.
Click on the attachment to read the full report:
This 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.