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Buy PVR INOX Ltd For Target Rs.1,980 By Yes Securities Ltd Addressing the investors' concerns During our interaction with investors, key concerns raised were primarily around the probability of occupancy revival, threat of OTTs, potential of re-releases and outlook. In this report, we put forth points which makes us believe occupancy rates are on the cusp of recovery and footfalls should sustain in future. We remain positive on the movie exhibition industry and maintain BUY on PVRINOX with TP of Rs1,980.   * Occupancy revival: What ...
Buy PVR INOX Ltd For Target Rs.1,980 By Yes Securities Ltd
Buy PVR INOX Ltd For Target Rs.1,980 By Yes Securities Ltd
Source: Yes Securities Ltd
2024-12-17 11:13:01 am
Indian cinema operator PVR Inox`s results disappoint as streaming platforms hurt footfall India's largest multiplex chain PVR Inox reported its third straight quarterly loss on Tuesday, as a ho-hum Bollywood lineup and rising demand for streaming services kept movie-watchers at home. That hurt box-office collections and food and beverage sales at PVR Inox's outlets. The company, formed by the merger of PVR and Inox labels, posted a consolidated net loss of 118 million rupees ($1.40 million) in the quarter ending Sept. 30 versus a year-ago profit of 1.66 billion rupee...
Indian cinema operator PVR Inox`s results disappoint as streaming platforms hurt footfall
Indian cinema operator PVR Inox`s results disappoint as streaming platforms hurt footfall
Source: Reuters
2024-10-15 04:14:55 pm
Buy PVR INOX Ltd For Target Rs. 1,650 By Emkay Global Financial Services Subpar movie slate drags down performance PVR Inox’s results reflect the subpar box-office collections during the quarter due to a weak slate of movie-lineup, given the general elections happening over an extended period, and the IPL and T20 World Cup held during Q1. Footfalls fell further to 30.4mn, down 6.7% QoQ, whereas ATP inched up marginally to Rs235 from Rs233 in Q4 albeit still impacted by the lack of big-budget releases and higher promotional offers. Occupancy was weak at 20...
Buy PVR INOX Ltd For Target Rs. 1,650 By Emkay Global Financial Services
Buy PVR INOX Ltd For Target Rs. 1,650 By Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
2024-08-11 05:39:40 pm
Accumulate PVR Inox Ltd For Target Rs.1,709 By Geojit Financial Services Ltd Profitability Hiccups, Long-Term Confidence Intact … PVR Ltd. and Inox Leisure Ltd. merged on Jan-2023 and formed PVR Inox Ltd. It owns and operates multiplexes across in 113 cities, with a total of 1,754 screens in India and Sri Lanka. Major income segments for them are box office, food & beverage (F&B) and advertisement (Ad). * In Q1FY25, revenue declined by 9% YoY to Rs. 1,191cr, mainly due to fewer film releases and no blockbuster hits during the election period. *...
Accumulate PVR Inox Ltd For Target Rs.1,709 By Geojit Financial Services Ltd
Accumulate PVR Inox Ltd For Target Rs.1,709 By Geojit Financial Services Ltd
Source: Geojit Financial Services Ltd
2024-08-09 01:47:50 pm
Buy PVR INOX Ltd For Target Rs. 2,040 By JM Financial Services PVR Inox reported a soft quarter, as anticipated. General Elections and a Cricket-heavy season pushed out blockbuster movies to Q1-end. Absence of tent-pole content impacted admits (-10% YoY), Occupancy (-3 ppt) and ATP (-5%). Rise in Opex/Screen (+4% YoY) pulled down core margins further. That shouldn’t deter investors though. Kalki’s strong performance (GBOC: INR 10bn+ till date) suggests movie going remain solely content driven. A strong line-up of movies across languages means...
Buy PVR INOX Ltd For Target Rs. 2,040 By JM Financial Services
Buy PVR INOX Ltd For Target Rs. 2,040 By JM Financial Services
Source: JM Financial Services
2024-07-25 02:38:55 pm
Buy PVR INOX Ltd For Target Rs. 1,650 By Emkay Global Financial Services Inconsistent supply results in another muted quarter PVR Inox’s Q4 results reflect the subpar performance of a weak movie lineup, sans any tentpole films. Footfalls, ATP, and SPH also saw a sequential decline owing to weak performance of movies and promotional offers. Management is now taking multiple steps to improve performance of current properties on both, driving revenues higher through innovations and optimizing costs. Nearterm performance should continue to be muted as the cur...
Buy PVR INOX Ltd For Target Rs. 1,650 By Emkay Global Financial Services
Buy PVR INOX Ltd For Target Rs. 1,650 By Emkay Global Financial Services
Source: Emkay Global Financial Services
2024-07-09 12:35:22 pm
Buy PVR INOX Ltd For Target Rs. 2,070 By JM Financial Services A capital efficient model awaits box-office revival A tough 4Q capped a fluctuating year for PVR Inox. Revenues, though marginally ahead of our subdued expectations, were down 19% QoQ. Occupancy, Admits and ATP were at four quarter low. Four out of past eight quarters have seen a sub-25% occupancy, something rarely seen pre-COVID. The bear argument could be that occupancy might be structurally lower now. Though possible, a soft 4Q – with a weak release calendar - was not the litmus t...
Buy PVR INOX Ltd For Target Rs. 2,070 By JM Financial Services
Buy PVR INOX Ltd For Target Rs. 2,070 By JM Financial Services
Source: JM Financial Services
2024-07-02 12:20:48 pm
Neutral PVR-Inox Ltd. For Target Rs.1,400 - Motilal Oswal Financial Services Subdued performance; near-term outlook weak * PVR-Inox reported a subdued quarter, with 22.6% occupancy and 0.1% EBITDA margin. Revenue declined 19% QoQ, led by weak ticketing and ad revenue, which, coupled with an increase in movie distribution and other expenses, led to EBITDA of INR12m (big miss). * The 2024 general elections and T20 Cricket World Cup are likely to weigh on the 1QFY25 movie pipeline, which could lead to lower occupancy. Hence, we cut our EBITDA estimates by 24%/13% f...
Neutral PVR-Inox Ltd. For Target Rs.1,400 - Motilal Oswal Financial Services
Neutral PVR-Inox Ltd. For Target Rs.1,400 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2024-06-25 12:44:31 pm
Buy PVR Inox Ltd For Target Rs. 1,900 - Elara Capital Muted occupancy, but as expected Healthy metrics save the day PVR Inox (PVRINOX IN) reported an in-line Q3. Occupancy was lower 710bps QoQ due to 1) a higher base, 2) absence of large-ticket Hollywood films, 3) Cricket World Cup (CWC) in the months of October/November and 4) mixed performance from the regional genre. We maintain our view that concerns such as: 1) a smaller slate of large-ticket Hindi films (which contributes 90% to Box Office coll...
Buy PVR Inox Ltd For Target Rs. 1,900 - Elara Capital
Buy PVR Inox Ltd For Target Rs. 1,900 - Elara Capital
Source: Elara Capital
2024-03-13 03:24:59 pm
Buy PVR INOX for Target Rs. 1,900 - Elara Capital Favorable risk-reward Content pipeline to improve in CY25; remain cautious on CY24 We expect CY25 to be a strong year for content and box office (BO) for PVR Inox (PVRINOX IN), led by 1) a strong come-back of Hollywood (13 large franchise-based films slated for release so far) and 2) come-back of Hindi content (more large budget franchise films), given stability of digital rights from the OTT platform; this, in turn, may drive better ticket prices, food spend and ad revenue, thereby imp...
Buy PVR INOX for Target Rs. 1,900 - Elara Capital
Buy PVR INOX for Target Rs. 1,900 - Elara Capital
Source: Elara Capital
2024-01-19 02:29:47 pm
PVR INOX inches up on opening 4-screen multiplex in Jodhpur PVR Inox is currently trading at Rs. 1661.35, up by 1.50 points or 0.09% from its previous closing of Rs. 1659.85 on the BSE. The scrip opened at Rs. 1675.95 and has touched a high and low of Rs. 1675.95 and Rs. 1656.95 respectively. So far 13813 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1879.75 on 08-Sep-2023 and a 52 week low of Rs. 1336.50 on 17-May-2023. Last one week high and low of the scrip stood a...
PVR INOX inches up on opening 4-screen multiplex in Jodhpur
PVR INOX inches up on opening 4-screen multiplex in Jodhpur
Source: Accord Fintech
2024-01-01 03:06:07 pm
Buy PVR INOX for Target Rs. 2,340 - JM Financial Institutional Securities Not just a Friday-to-Friday story A frequent argument against PVR-Inox is a lack of revenue visibility. True, the quality and quantity of content is beyond its control. A muted Oct-Nov after a record Q2 does little to address that concern. But to evaluate a movie exhibition company that commands over a third of India’s box office collection on “Friday-to-Friday” basis is to miss the wood for the trees. To put things in context, PVR’s revenues over FY10-20 have grown...
Buy PVR INOX for Target Rs. 2,340 - JM Financial Institutional Securities
Buy PVR INOX for Target Rs. 2,340 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
2023-12-27 02:10:55 pm
PVR INOX inches up on launching first multiplex in Cuddalore PVR Inox is currently trading at Rs. 1782.50, up by 6.85 points or 0.39% from its previous closing of Rs. 1775.65 on the BSE. The scrip opened at Rs. 1797.95 and has touched a high and low of Rs. 1797.95 and Rs. 1778.15 respectively. So far 1930 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1879.75 on 08-Sep-2023 and a 52 week low of Rs. 1336.50 on 17-May-2023. Last one week high and low of the scrip stood at...
PVR INOX inches up on launching first multiplex in Cuddalore
PVR INOX inches up on launching first multiplex in Cuddalore
Source: Accord Fintech
2023-12-18 09:57:44 am
Accumulate PVR Ltd For Target Rs. 1,878 - Geojit Financial Services Remarkable collections record…. PVR Ltd. and Inox Leisure Ltd. merged on Jan-2023 and formed PVR Inox Ltd. It owns and operates multiplexes across 361 cinemas in 115 cities, with a total of 1,708 screens in India and Sri Lanka. Major income segments for them are box office, food & beverage (F&B) and advertisement (Ad). • In Q2FY24, ATP (Average ticket price) rose to Rs.276, and SPH (Spend Per Head) reached Rs. 136, reflecting a QoQ growth of 12.2% and 4.6%, respectiv...
Accumulate PVR Ltd For Target Rs. 1,878 - Geojit Financial Services
Accumulate PVR Ltd For Target Rs. 1,878 - Geojit Financial Services
Source: Geojit Financial Services Ltd
2023-10-27 12:16:25 pm
PVR INOX announces results for the Quarter & Half Year ended 30th September 2023 PVR INOX Limited today announced its unaudited consolidated financial results for the quarter and half year ended September 30, 2023. As the PVR INOX merger became effective from 6th February 2023; Q2 FY?24 & H1 FY?24 results for the company are reported on a merged basis for PVR and INOX and are not comparable with earlier periods. The previous year numbers mentioned in the release are proforma PVR + INOX combined. Q2 FY?24 was the best every quarter of all time for PVR INOX Li...
PVR INOX announces results for the Quarter & Half Year ended 30th September 2023
PVR INOX announces results for the Quarter & Half Year ended 30th September 2023
Source: PR Agency
2023-10-19 03:52:32 pm
Quote on Hollywood Writers and Studios deal to end Strike Mr. Ajay Bijli, PVR INOX Limited Below The Quote on Hollywood Writers and Studios deal to end Strike Mr. Ajay Bijli, Managing Director, PVR INOX Limited"I would like to congratulate the Hollywood Studios and the WGA (Writers Guild of America) on reaching an agreement to end the 146-days long strike. I am delighted that the two sides have come together to reach an agreement that benefits all parties involved and can put a major piece of film entertainment economy back to work. This will be a positive move for upcoming Hollywo...
Quote on Hollywood Writers and Studios deal to end Strike Mr. Ajay Bijli, PVR INOX Limited
Quote on Hollywood Writers and Studios deal to end Strike Mr. Ajay Bijli, PVR INOX Limited
Source: PR Agency
2023-09-27 04:44:54 pm