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PVR planning to invest Rs 150 crore to open 30-40 screens in FY22

08 Mar 2021 Evaluate

PVR is planning to invest Rs 150 crore to open 30-40 screens across the country in the next financial year beginning April 1. The company's target of having 1,000 operational screens has been pushed by a year due to the outbreak of the COVID-19 pandemic to the end of fiscal 2022-23. The company at present operates over 844 screens at 177 properties in 71 cities (India and Sri Lanka).

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 1329.05
Saregama India 500.40
Shemaroo Entertain. 119.75
UFO Moviez India 61.00
Balaji Telefilms 95.70
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