PVR will be reporting its Q3 earnings on January 15. After two quarters of negligible revenues, the street is expecting some revenues as cinema halls have reopened since mid-October.
Currently, PVR’s 80-85 percent screens are functional with 50 percent occupancy. However, this results in higher costs. New releases remain muted, but the recent release ‘Master’ has driven crowd back to the theatres.
Key thing to watch out for is government’s move to increase occupancy levels to 100 percent. This is important because based on occupancy levels, producers will release new content. Currently footfalls are in mid-single digits due to old content playing in cinemas.
CNBC-TV18’s Nupur Jainkunia gets more details on what to expect from the Q3 earnings.Watch video for more.