Open ICICI
3-in-1 Account
Manage your Savings, Demat and Trading Account conveniently at one place
Manage your Savings, Demat and Trading Account conveniently at one place
News: PVR Inox (combined entity) performance was weak at operating levels given the content volatility and weak release pipeline/performance. Reported revenue came in at ₹ 1256crore, (up 9.9% YoY and down 18.7% QoQ) with box office revenue of ₹ 605 crore (up 5.6% YoY and down 23.5% QoQ). The footfalls were up 6% YoY and down 11% QoQ at 36.5 million and (Average Ticket Prices) ATP at ₹ 276 was down 2.5% YoY. EBITDA (without impact of Ind AS116) was at ₹ 1 crore.
Views: Near term monitorable is content performance consistency. For the medium to long term, key trigger will be synergy benefits, management measures on deleveraging, rationalising capex etc. We expect some footfall recovery from Q2FY25 onwards led by content pipeline ahead.
Impact: Neutral
https://www.icicidirect.com/mailimages/ISec_daily_Debt_Performance_Report.zip