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

Company sharply reduces employee costs and rental charges, but has to offer heavy discounts on tickets and snacks

Topics
PVR | Q2 results | Lockdown

Ram Prasad Sahu  |  Mumbai 



PVR Cinemas employee wearing face shield and facemask seen at PVR ICON, DLF Promenade Mall, Vasant Kunj, in New Delhi on Friday.
Employee count across all functions is down from 11,000 at the end of March this year to about 6,200 currently while salary cuts have been between 25-50 per cent.

With 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.

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First Published: Wed, November 04 2020. 19:49 IST

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