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Emkay Global has given hold rating to PVR with a target price of Rs 1220. The share price moved down by 1.59 per cent from its previous close of Rs 1265. The stock’s last traded price is Rs 1244.85.
PVR Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 6978.01 Crore) operating in Media & Entertainment sector.
Financials
For the quarter ended 30-06-2020, the company reported a Consolidated sales of Rs 12.70 Crore, down 98.03 % from last quarter Sales of Rs 645.13 Crore and down -98.56 % from last year same quarter Sales of Rs 880.39 Crore. The Company reported net profit after tax of Rs -225.58 Crore in latest quarter.
Investment Rationale
Movie releases, footfalls and consumption of F&B trends during initial months of reopening will be key things to watch out for. The brokerage now ascribes a pre-Covid EV/EBITDA multiple of 12xin the hope of business resumption.
Promoter/FII Holdings
Promoters held 18.6 per cent stake in the company as of June 30, 2020, while FIIs held 37 per cent, DIIs 15.3 per cent and public and others 29.2 per cent.
PVR Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 6978.01 Crore) operating in Media & Entertainment sector.
Financials
For the quarter ended 30-06-2020, the company reported a Consolidated sales of Rs 12.70 Crore, down 98.03 % from last quarter Sales of Rs 645.13 Crore and down -98.56 % from last year same quarter Sales of Rs 880.39 Crore. The Company reported net profit after tax of Rs -225.58 Crore in latest quarter.
Investment Rationale
Movie releases, footfalls and consumption of F&B trends during initial months of reopening will be key things to watch out for. The brokerage now ascribes a pre-Covid EV/EBITDA multiple of 12xin the hope of business resumption.
Promoter/FII Holdings
Promoters held 18.6 per cent stake in the company as of June 30, 2020, while FIIs held 37 per cent, DIIs 15.3 per cent and public and others 29.2 per cent.