Occupancies moderate; sustenance to remain a key monitorable

Company
11 Mar 2024
5 Min read 
  • PVR-Inox's 3QFY24 results showed moderate occupancies and a key monitorable is sustenance.
  •  Financials and valuations show an increase in sales and EBITDA, with a decline in EPS.
  •  PVR-Inox's revenue growth moderated due to lower ticketing revenue in 3QFY24.
  •  The company plans to close non-operating screens and expand its loyalty program.
  •  Occupancies and ad revenues are key monitorables for sustained growth.
  •  The company is trading at a significant discount and has a TP of INR1,600.
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