The company said in a BSE filing that the food court business would remain separate from the in-cinema F&B revenue
Brokerage remains upbeat as analysts foresee several growth catalysts, including a promising Hollywood slate, anticipated recovery in high-margin ad revenues, & company's commitment to reducing debt
Just after its launch in the IT city, PVR Inox managing director Ajay Bijli spoke on the company's screen additions, investment strategy, and growth plans
The Film Employees Federation of Kerala (FEFKA) on Saturday said that no Malayalam film will be given to any PVR owned screen or theatre till it compensates producers from the southern state for the loss suffered by them due to the multiplex company not showing films made by them across India. FEFKA general secretary Unnikrishnan B announced the decision at a press conference held here where noted producers like Blessy Ipe Thomas and Vineeth Sreenivasan were also present. Unnikrishnan said that there was an ongoing dispute between PVR and the film producer's association on the issue of virtual print fee (VPF) charged by the multiplex company. The producers' association decided not to give any films to PVR's new screen at Forum Mall till the dispute was resolved, he said. "As a countermeasure, PVR, with a cartel-like strategy, decided not to show any Malayalam film on any of the theatres or screens owned by them across India. This has caused a significant financial loss as well as .
Shares of PVR have improved around 30% from its close at Rs 1,373 on August 30, 2023. Its benefits hyped to Rs 1,753.50 on Friday due to multiple blockbuster releases like Gadar 2, Jailer and OMG 2
Earnings before interest, tax, depreciation and amortization (Ebitda) grew 75.1 per cent YoY to Rs 288.8 crore in the quarter
The company said it is on track to open a total of 100-110 new screens by the end of this fiscal year
'We would love to have more players entering the market because that is how the business will grow'
The September quarter had no major blockbuster apart from Brahmastra
Leading multiplex chain operator PVR expects the movie exhibition industry to bounce back "dynamically" in FY23 and plans to open as many as 125 screens during the year, its highest ever tally in a year. According to the company's latest annual report, PVR, which is merging with rival Inox Leisure, expects the process to be completed this fiscal. As per the terms of the merger, its Chairman and Managing Director Ajay Bijli will be the Managing Director and Joint Managing Director Sanjeev Kumar will be the Executive Director, respectively, of the combined entity PVR INOX for a term of five years. "Overall, business is expected to grow in the coming quarters, supported by the growth in ATP (average ticket price) and SPH (spend per head) already witnessed in Q3 & Q4 FY 2021-22, occupancy percentage reclaiming pre-COVID highs on the back of stellar content line-up, and the advertising income coming back to pre-pandemic level over the next few months," said the annual report for ...
The company has a strong pipeline of star-studded Indian and regional films along with foreign language films and expects the second half of FY 2021-22 to be even better than the pre-Covid
PVR's total expenses was at Rs 731.84 crore in fourth quarter of 2019-20 as against Rs 771.27 crore a year ago
PVR currently operates a network of 800 screens spread over 170 properties in 69 cities across the country
Reported topline jumped 26 per cent, but net profit down 69 per cent due to change in accounting norms and weak show by key segments
During the current financial year, PVR has added nine new screens across two properties, taking its portfolio to 634 screens