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This Article is From Jun 03, 2021

PVR Q4 Review - Recovery Delayed But Structural Story Intact: Prabhudas Lilladher

PVR Q4 Review - Recovery Delayed But Structural Story Intact: Prabhudas Lilladher

PVR Q4 Review - Recovery Delayed But Structural Story Intact: Prabhudas Lilladher
Lights illuminate the auditorium of a movie theatre. (Photographer: Bartek Sadowski/Bloomberg).

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.

Prabhudas Lilladher Report

PVR Ltd.'s operational performance was broadly in-line with our estimates.

Emergence of second wave has delayed the recovery process (all screens are currently shut) and footfall stabilisation is expected in H2 FY22 given rising instances of localised lockdowns prompting us to cut our FY22E Ebitda estimates by around 43% odd.

Nonetheless, we keep our FY23E estimates broadly intact and remain constructive over the long term as content pipeline is strong which is expected to result in bunching up of releases post reopening.

Click on the attachment to read the full report:

DISCLAIMER

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.

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