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Prabhudas Lilladher Report
PVR Ltd.'s operational performance was subdued with Indian-Accounting Standard adjusted Ebitda loss of Rs 1.1 billion due to paucity of content and prevailing occupancy caps.
However, with Maharashtra, a key market for Hindi movies, having opened cinemas from October 22, many production houses have announced their release schedules.
Strong movie pipeline and relaxation in occupancy caps is likely to result in sharp revival in box office revenues.
We continue to remain positive on PVR given-
pick-up in vaccination drive and receding Covid-19 cases is likely to result in footfall stabilisation by H2 FY22,
encouraging average ticket price/spending per head trends indicate there is no change in behavioral psyche of patrons and
wide spread closure of single screens amid liquidity constraints is expected to reduce competitive risks post-pandemic.
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