PVR-Inox Q4 Results Review - Advertising, Occupancy Key To Long Term Growth: IDBI Capital

Revenue growth to improve over coming years.

A movie theatre. (Photo: Kilyan Sockalingum/ Souce: Unsplash)

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IDBI Capital Report

PVR-Inox Ltd.’s revenue and profit were subdued during the quarter due to hindi content underperforming.

Further, PVR-Inox is shutting down 50 screens and has lowered its screen addition from 200 to 150-175 for FY24E and FY25E.

We believe in near term there is still uncertainty on content and hence we are now keeping occupancy levels at 25% (below pre-Covid average of 35%).

We believe that certain amount of occupancy loss can be managed by improving pricing and cost rationalisation. Hence, we expect margins to reach pre Covid levels of 18% in FY25E.

Click on the attachment to read the full report:

IDBI Capital PVR INOX-Results Review.pdf
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Also Read: PVR-Inox Q4 Results: Losses At Rs 333 Crore, Revenue Up 22%

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