InvestorQ : Why has PVR reported such huge losses of Rs.184 crore in the Sep-20 quarter?
indhumathi Sayani made post

Why has PVR reported such huge losses of Rs.184 crore in the Sep-20 quarter?

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3 weeks ago
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How does a multiplex make money without theatres and movies? That is the million dollar question. PVR Cinemas reported losses of Rs.184 crore for the Sep-20 quarter as the lockdown led to an 88% fall in total revenues with most cinema halls shut to prevent the spread of the pandemic.

Results for quarter ended September 2020 are not exactly comparable with results for last year as they are distorted due to temporary closure of cinemas and suspension of operations.

Cinema business gave nil revenues to PVR in the Sep-20 quarter and the little revenues only came from delivery of food and beverages. PVR has initiated measures to aggressively control costs as well as augment liquidity. But the damage may be huge.

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