Occupancy trends key to sense theatre chain PVR's cash flows: Analysts

Topics PVR | Q2 results | Lockdown

With theatres shut, PVR’s revenues in the September quarter were negligible for a second consecutive quarter. While sales were higher on a sequential basis, screening restrictions meant revenues were down 96 per cent over the year-ago period. Income from movie distribution and non-operating income accounted for the bulk of quarterly revenues.  As in the previous quarter, the focus remained on cost-control measures. There was a sharp reduction in employee costs and rentals/maintenance charges. While employee costs are down 61 per cent, rent and common area maintenance (CAM) cha.....

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