By Malvika Gurung
Investing.com — Shares of the film theatre chain PVR (NS:) climbed 3.6% to Rs 1,366.95 apiece on the time of writing on Tuesday, after it posted its earnings report for the March ending quarter on Monday.
The corporate’s consolidated web loss fell 63.5% YoY to Rs 105.49 crore within the quarter, narrowing from Rs 289.21 crore reported within the year-ago interval.
Its income rallied a whopping 196.7% YoY to Rs 537.14 crore within the quarter, whereas complete earnings within the interval jumped 119.8% YoY to Rs 579.66 crore. In FY22, PVR’s complete bills surged 43.9% YoY to Rs 731.17 crore.
Within the quarter below focus, the corporate added 15 screens throughout 3 properties, and within the fiscal 12 months, it added a complete of 29 new screens throughout 5 properties.
In FY23, PVR has deliberate so as to add 125 new screens throughout the nation, in step with its sturdy plan of heading into progress with the Covid-19 restrictions receding to regular.
On a year-to-date foundation, the theatre firm’s scrip has surged 32% and analysts see an as much as 43% upside within the inventory, given the corporate manages to push the openings of 123 new screens throughout the nation within the ongoing FY amid a recovering Covid-19 surroundings.