Live
- Design conclave held at T-Hub
- EAGLE eye on drug menace
- Let’s return to our roots, Venkaiah Naidu tells people
- TG has 234 enemy properties; RR district tops the list
- MEIL dispatches refinery equipment for Mongolia
- 265 SCTPCs take oath in Rachakonda
- Commissioner CV Anand urges dedication as 747 SCTPCs take oath
- 270 trainee PCs passing-out parade held at Cyberabad
- Beware of bacterial predators
- Empowering youth for Viksit Bharat
PL Stock Update - PVR-Inox celebrates highest BO month of ALL TIME
PL Stock Update - PVR-Inox – Jinesh Joshi – Research Analyst, Prabhudas Lilladher Pvt LtdMultiplex Update: PVR-Inox celebrates highest BO month of ALL...
PL Stock Update - PVR-Inox – Jinesh Joshi – Research Analyst, Prabhudas Lilladher Pvt Ltd
Multiplex Update: PVR-Inox celebrates highest BO month of ALL TIME
✳️PVR-Inox reported footfalls of 1.9crs in August 2023 with GBOC of ~Rs532crs. This is the highest ever monthly footfall and GBOC figure for the cinema chain.
Our view: In the post-pandemic era, 1QFY23 was the best ever quarter for PVR-Inox with proforma (assuming consolidation) footfalls of 4.3crs. Now, if footfalls in Aug-23 itself were 1.9crs and on a conservative basis if we assume the same to be at ~1crs (~47% lower) in July and Sep (Jawan to set to release on 07th Sep and Salaar on 28th Sep), the total count for 2QFY24 would stand at ~3.9crs (9% lower than 1QFY23). Thus, we believe 2QFY24 might well turn out to be an exceptionally strong quarter. Retain positive bias on multiplexes with a BUY on PVR.
