PVR Q4 Review - Recovery Likely From H2 FY22: ICICI Direct
An employee wears a protective mask in the PVR Icon cinema in New Delhi. (Photographer: Anindito Mukherjee/Bloomberg)

PVR Q4 Review - Recovery Likely From H2 FY22: ICICI Direct

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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 Direct Report

PVR Ltd. reported losses for a fifth consecutive quarter as expected.

While regional releases fared well, lack of bollywood content and limit to occupancy kept footfalls muted.

The box office revenue at Rs 87.9 crore was down 73.9% YoY while ad revenues were at Rs 13.6 crore (down 80% YoY).

The company reported Rs 56.6 crore of food and beverages revenues (down 67.7% YoY).

Ebitda loss (ex-India-accounting standard 116) was at Rs 127.5 crore.

It reported a net loss (ex-Ind-AS 116) at Rs 271.8 crore as the company recognised one-time deferred tax expense of Rs 113 crore.

Click on the attachment to read the full report:

ICICI Direct PVR Q4FY21 Result Update.pdf

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