#multiplex chain operator

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PVR shares slip 5% as company reports net loss of ₹74.6 crore in Q4

PVR shares slip 5% as company reports net loss of ₹74.6 crore in Q4

MUMBAI: Shares of multiplex chain operator PVR Ltd fell as much as 4.6% intraday after it reported a loss in the March quarter as the film exhibition business was impacted because of covid-19 pandemic and the subsequent lockdown.

At 12:50 pm, the PVR stock was at ₹1124 down 3.06% from its previous close, while the benchmark index, Sensex gained 0.35% to 34491.96.

PVR reported a net loss of…

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Lockdown batters multiplex revenues, all hopes pinned on second-half show

Lockdown batters multiplex revenues, all hopes pinned on second-half show

Before announcing the March quarter results, shares of PVR Ltd and Inox Leisure Ltd had risen 56% and 71%, respectively, from their lows in mid-May. The Q4 results has brought some form of reality check, with the two stocks sliding 7% and 10%, respectively, on Tuesday.

Revenues of PVR and Inox dropped 23% and 22%, respectively, last quarter, owing to social distancing rules and lockdowns in…

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Multiplex chains on overdrive to add screens next financial year

Multiplex chains on overdrive to add screens next financial year

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Multiplex chains are on an overdrive to add screens in the next financial year (FY) to boost revenue. It remains one of the few segments that has not been impacted much by the economic slowdown.

Leading multiplex chain owner PVR Cinemas, which opened 83 screens during 2019-20, has now set a target of 120-130 screens for the next FY. “Every three days a screen comes out from PVR.…

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