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PVR's turnaround has been spectacular and recovery appears to be faster However, it is facing headwinds in Q2 as none of the big budget big star movies managed to do well at the box office
Theatres in Maharashtra are set to reopen from today at 50% capacity. While this improves revenue outlook for PVR and Inox Leisure, full recovery is still a few quarters away.
Net Sales are expected to increase by 19 percent Y-o-Y (up 3.1 percent Q-o-Q) to Rs. 493.7 crore, according to ICICI Direct.
Net Sales are expected to increase by 45.7 percent Y-o-Y (up 8.8 percent Q-o-Q) to Rs. 471.4 crore, according to ICICI Direct.
Net Sales are expected to increase by 28.4 percent Y-o-Y (up 14.6 percent Q-o-Q) to Rs. 418.6 crore, according to ICICI Direct.
Net Sales are expected to increase by 11.3 percent Y-o-Y (down 16.5 percent Q-o-Q) to Rs. 346.5 crore, according to ICICI Direct.
Net Sales are expected to increase by 6 percent Y-o-Y (up 26.9 percent Q-o-Q) to Rs. 410.7 crore, according to ICICI Direct.
Baahubali 2: The Conclusion' gave a big bang start to Q1FY18 with the blockbuster reporting overall domestic box office collection of Rs 1,326 crore.
Jigar Shah of Kim Eng Sec India is of the view that Inox Leisure may rise by 40 percent from the current level.
Multiplex operator Inox Leisure Ltd's net loss for the fourth quarter ended March 31, 2012 widened to Rs 10.12 crore.