Sharekhan's research report on PVR Inox
Revenues stood at Rs 1191 crore down 5.2 q-o-q/ 8.8% y-o-y in line with our estimates of Rs.1194 crore. EBITDA margin (pre Ind-AS116) stood at -3.2%. Average ticket price (ATP) declined to Rs 235, down 4.7% y-o-y while F&B spend per head (SPH) grew 3.1% y-o-y to Rs. 134. Content pipeline is looking strong in Q2, Q3 and Q4 partially due to a lot of films which were coming in Q1 being pushed to Q2 or Q3.
Outlook
We downgrade PVRINOX to Hold with unchanged PT of Rs 1550.At CMP, the stock trades at 27.3x FY26E EPS and 12.3x FY26E EV/ EBITDTA.
For all recommendations report, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
