PVR-Inox Q4 Results Review: Long Term Story Remains Intact, Says IDBI Capital Maintaining 'Buy'

PVR is boosting engagement through new initiatives like RS 499 movie passports, re-releasing 100 blockbusters in FY25, expanding food and beverage courts to grow non-ticket revenue, and launching ScreenLT to deliver a cinematic experience on demand to attract more viewers..NDTV Profit’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 NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .IDBI Capital Report.PVR-Inox Ltd. reported a tepid performance, primarily marred by a lack of compelling content, leading to muted footfalls at 30.5 million (-6.3% YoY) and occupancy of 20.5% (-10% YoY). FY25 witnessed a slump in box office collections, with Bollywood and Hollywood revenues plunging 26% /28% respectively which led to a 9% decline in overall gross box office collection. This was mainly due to a material drop of ~14% in Hindi film releases and residual impact related to the prior year’s industry strike. Post-Covid, cinema exhibitors experienced a structural headwind mainly due to expansion of OTT platforms, content fatigue, and Hollywood labour disruptions. Nevertheless, PVR is proactively navigating these headwinds through strategic deleveraging through adoption of asset-light and FOCO models, coupled with Hollywood releases (sequels), Big-star movies etc. While near-term challenges persist, the company’s long-term outlook remains structurally intact. We retain our Buy rating with a revised target price of Rs 1,122 (vs Rs 1,300) due to recent correction in stock prices, valuing at 11.7x FY27E EV/Ebitda..Click on the attachment to read the full report:.Manappuram Finance Q4 Results Review: IDBI Capital Downgrades The Stock To 'Hold', Cuts Target Price.DISCLAIMERThis report is authored by an external party. NDTV Profit 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 NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

PVR-Inox Q4 Results Review: Long Term Story Remains Intact, Says IDBI Capital Maintaining 'Buy'

IDBI Capital retains its Buy rating on PVR-Inox with a revised target price of Rs 1,122 due to recent correction in stock prices, valuing at 11.7x FY27E EV/Ebitda.

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PVR-Inox Q4 Results Review: Long Term Story Remains Intact, Says IDBI Capital Maintaining 'Buy'

IDBI Capital retains its Buy rating on PVR-Inox with a revised target price of Rs 1,122 due to recent correction in stock prices, valuing at 11.7x FY27E EV/Ebitda.

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