PVR Q4 Review - Well Capitalised To Weather The Headwinds: IDBI Capital
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.
IDBI Capital Report
Q4 FY21 was another quarter where PVR Ltd. demonstrated strong cost management amid partial reopening of cinemas and weak content.
It was able to limit the Ebitda (excluding-Indian accounting standard) loss at Rs 1,276 million, similar to Q3 FY21 levels and in-line with our forecast.
Amid the second wave of infections, cinemas have remained closed for most of Q1 FY22.
While we expect re-opening of cinemas in Q2, we expect meaningful content to be released only in Q3.
The company currently has liquidity of ~Rs 7.5 billion, enabling resolution to raise Rs 5 billion via on-convertible debentures and can raise another Rs 2 billion via the Emergency Credit Line Guarantee scheme.
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.