PVR Q1 Review - Super Hit Quarter: ICICI Direct

"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 Direct Report.PVR Ltd.'s reported revenue was at Rs 981.4 crore, (up 83% QoQ) and 11% higher than pre-Covid levels in Q1 FY20. The company reported box office revenue of Rs 530.2 crore (up 80% QoQ) and ad revenues of Rs 62.7 crore. PVR reported Rs 323.8 crore of food and beverage revenues, up 90% QoQ, with spends per head at Rs 134 was up 10% QoQ. The footfalls were up ~75% QoQ at 25 million and average ticket price at Rs 250 was up ~3% QoQ owing to slate mix. Ebitda (excluding Ind Accounting Standard 116) was at Rs 189 crore with margins of 19.3% (better than pre Covid levels of 18%) given the strong box office performance. On reported basis, Ebitda was at Rs 341.6 crore (margin of 34.8%). The reported profit after tax was at Rs 53.4 crore led by strong operating performance. PVR reported net profit after tax (excluding- Ind AS 116) at Rs 68.3 crore..Click on the attachment to read the full report:.DISCLAIMERThis 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."

PVR Q1 Review - Super Hit Quarter: ICICI Direct