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PVR defers capex plans to control costs amid COVID-19 pandemic

07 Sep 2020 Evaluate

PVR has deferred its capital expenditure (capex) plans in a bid to control costs as the company braces for a significant impact on its profitability in the current fiscal due to the ongoing COVID-19 pandemic. Cinema halls in India have remained shut since March this year, after the government imposed nationwide lockdown to check the spread of COVID-19.

PVR is the largest and most premium film exhibition company in India. Since its inception in 1997, the brand has redefined the way entertainment is consumed in the country.

Peers
Company Name CMP
PVR Inox 1327.15
Saregama India 485.50
Shemaroo Entertain. 103.65
UFO Moviez India 55.18
Tips Music 636.35
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