BQ Prime’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 BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
PVR Ltd.’s Q3 FY23 revenue grew beyond its pre-Covid levels (Q3 FY20) of Rs 9.2 billion, which is positive in our view and underlines sequential improvement from Q2 FY23 lows. However, revenue growth was pricing-mix led.
Average ticket price grew 16% from pre-Covid levels. Occupancy was still 440 basis points below pre-Covid levels.
We believe investor concerns on the business are likely to be completely allayed only when occupancy recovers to pre-Covid levels on a sustainable basis. We think this may be contingent on the success of a big budget movie scheduled to release in Q4 FY23, which could bring back the audience in North India. This is one of the key near-term uncertainties.
Click on the attachment to read the full report:
More Research Reports On PVR Q3 FY23 Results Review
DISCLAIMER
This report is authored by an external party. BQ Prime 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 BQ Prime.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
Sanofi India - Reassuring Commitment To India: ICICI Securities
Apr 30, 2024
ACC Q4 Results Review - Sustained Cost Efficiency Reinforces Conviction: ICICI Securities
Apr 26, 2024
Just Dial Q4 Results Review - Margin Improvement Beats Estimates Again: ICICI Securities
Apr 19, 2024
ABB India - Times Of Uncertainty: ICICI Securities
Apr 18, 2024
POPULAR