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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 22.2 percent Y-o-Y (up 1.6 percent Q-o-Q) to Rs. 850.9 crore, according to ICICI Direct.
Net Sales are expected to increase by 43.8 percent Y-o-Y (down 0.2 percent Q-o-Q) to Rs. 841.2 crore, according to ICICI Direct.
Net Sales are expected to increase by 37.3 percent Y-o-Y (up 8 percent Q-o-Q) to Rs. 765.3 crore, according to ICICI Direct.
The brokerage house further said that footfall growth is aiding operating performance.
Net Sales are expected to increase by 17.6 percent Y-o-Y (down 6.2 percent Q-o-Q) to Rs. 653.1 crore, according to ICICI Direct.
Net Sales are expected to increase by 8.5 percent Y-o-Y (up 18.1 percent Q-o-Q) to Rs. 690.8 crore, according to ICICI Direct.
Edelweiss expects Zee Entertainment to clock 18 percent YoY ad growth on a comparable base of 6.9 percent growth. It estimates Sun TV Network to report 19 percent YoY ad growth on a low base of 4.1 percent YoY dip, primarily due to low base and ad revival.
PVR has come out with its third quarter numbers. In an interview to CNBC-TV18, Nitin Sood, CFO of PVR discussed the company's Q3 performance.
The revenue may rise 8 percent at Rs 581 crore against Rs 537.7 crore.
PVR posted a good set of earnings in Q2 as EBITDA and profit after tax beat estimates. In an interview to CNBC-TV18, Nitin Sood, CFO of PVR spoke about the results and his outlook for the company.
Revenue during the quarter is seen rising 1.8 percent to Rs 564 crore compared with Rs 554 crore in year-ago quarter, according to average of estimates of analysts polled by CNBC-TV18.
Net Sales are expected to increase by 0.7 percent Y-o-Y (down 12.3 percent Q-o-Q) to Rs. 558 crore, according to Edelweiss.
Operating profit is likely to increase 4 percent year-on-year to Rs 126 crore but margin may contract 200 basis points to 19 percent in June quarter, according to average of estimates of analysts polled by CNBC-TV18.
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.
Net Sales are expected to decrease by 14.8 percent Q-o-Q (up 11 percent Y-o-Y) to Rs 458 crore, according to Motilal Oswal. PVR to report net profit at 1.2 crore down 94.8% quarter-on-quarter.
Multiplex chain operator PVR's third quarter profit is seen falling 9 percent to Rs 27.2 crore but revenue may increase 5 percent to Rs 526 crore compared with year-ago period.
Net Sales are expected to decrease by 0.7 percent Q-o-Q (up 10 percent Y-o-Y) to Rs 550.5 crore, according to Motilal Oswal.
Owing to a strong pipeline of movies and screen additions, PVR should post healthy earnings for the remaining quarters of FY17, says Chairman and Managing Director Ajay Bijli.
Multiplex chain operator PVR is expected to report a 43 percent degrowth in second quarter profit at Rs 23.35 crore on yearly basis due to weak operational performance.
Revenue growth during the first quarter has been aided by 6-7 percent growth in average ticket price to Rs 193, said PVR CFO Nitin Sood in an interview to CNBC-TV18.
Operating profit is likely to jump 20 percent to Rs 109 crore but margin may contract 50 basis points at 20.1 percent in Q1.
PVR will cross 600 screens in the coming year, apart from DT Cinema, says Nitin Sood CFO of the company.
Analysts polled by CNBC-TV18 estimate that footfall growth may go higher by 23.5 percent at 15.05 million compared to 12.2 million (YoY). Footfall growth is likely to be aided by new screens. The company has added 25 Screens this quarter.