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.
