PVR has liquidity cushion, but the picture remains uncertain for Street
PVR took many cost control steps during the year, reducing its fixed expenses by 63% in FY21 vs FY20
In light of the current circumstances, the much anticipated recovery for theatres would be delayed
Ever since the pandemic began, multiplex companies have been sailing in choppy waters. To their credit though, firms have put up a brave front by controlling what they can on the costs front, given that revenues were evaporating owing to covid disruptions.
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