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Cinemas may be open, but PVR’s Q3 shows good content is badly needed The multiplex sector has been among the worst hit due to the covid-19 pandemic, with operations remaining closed relatively longer than other sectors. (Mint)Premium Share Via Read Full Story Cinemas were allowed to resume operations from mid-October with 50% capacity. But PVR Ltd’s third quarter results show that this has barely moved the needle for the firm. For the December quarter, consolidated revenues for the company declined by 95% vis-à-vis last year’s corresponding quarter to ₹45 crore. This is similar to the show in the September quarter, when revenues had declined 95.8%. Analysts at Motilal Oswal Financial Services Ltd estimate that even though cinemas opened with permissions for 50% occupancy, actual occupancy levels were only around 1% in Q3. Blame it on poor content. In a classic chicken-and-egg situation, producers are waiting for occupancy levels to rise before releasing movies in the

Analysts at motilal oswal financial servicesSecurities ltdPiramal enterprisesMotilal oswal financial servicesDhiraj relliIndian accounting standardKotak institutional equitiesJoin mintGood contentஆய்வாளர்கள் இல் மோட்டிலால் ஒசுவள் நிதி சேவைகள்பத்திரங்கள் லிமிடெட்பிரமல் நிறுவனங்கள்மோட்டிலால் ஒசுவள் நிதி சேவைகள்திராஜ் றெல்லிஇந்தியன் கணக்குவைப்பு முறை தரநிலைகோட்டக் நிறுவன பங்குகள்