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    PVR   INE191H01014

PVR LIMITED

(PVR)
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Pvr Limited Announces Opening of 4 Screens in Director's Cut At Ambience Mall in Gurugram, Haryana

08/05/2021 | 06:20am EDT

PVR Ltd. announced the launch of its First Director's Cut in Haryana at Ambience Mall, Gurugram August 5, 2021. The New Director's Cut in Gurugram that will set a benchmark of excellence after the immensely successful First Director's Cut in New Delhi marries two thrilling ideas, that of Luxury and Cinema. PVR Cinemas with this launch augments its presence in Delhi NCR region with 155 screens in 35 properties and 265 screens across 60 properties in Northern India. A true representation of an unmatched luxury cinematic experience, the property is designed in contemporary hues to complement today's millennial audience and offer a hygienic, safe and secure movie-viewing experience. Director's Cut is the final and definitive word on cinema viewing, the ultimate vision and thought process of an auteur. Crafted with utmost precision, the new Director's Cut at Ambience Mall Gurgaon is designed to offer an unparalleled experience with plush interiors soaked in modern aesthetics ­ specially designed for cosseting Indian viewers. The property spreads across an area of 22,957 sq.ft with 4 uniquely designed ultra-plush auditoriums and a total seating capacity of 246 audiences. The large auditorium can seat 71 people and the smallest can accommodate 56 people. Integrated with advanced technologies, the property is equipped with the best in segment in- cinema technological offerings, luxurious lounges, dedicated concierge service, Island kitchen serving Simply Sushi, Japanese Rice bowls ­ Yakmishi, gourmet sandwiches and artisanal local Indian cheese from different parts of India. The Menu will have equal balance of veg/non-veg and vegetables will be sourced from small scale farmers. The cinema offers a 360-degree digital landscape to ensure enhanced safety in the post Covid environment. With Cinema Automation being introduced at its Ambience Mall property, PVR showcases a completely contactless experience at the cinema with the introduction of QR code reading automated gates enabling a patron to self-check-in avoiding queuing up at the entry. Besides paperless ticketing being eco-friendly, a contact less way promotes sustainable practices and a safer way of booking tickets. PVR Director's Cut reverberates with a sophisticated luxury with its modern décor, intricate design and an expansive range of gourmet menu curated by celebrated industry chefs for a lavish dining experience. Integrated with advanced technologies, the property features Barco Series RGB 4K projection systems to deliver excellent brightness and vibrant colors for a razor-sharp image quality along with Dolby 7.1 surround system and Next-Gen 3D technology. It also features D-Box and plush leather recliner seats for added comfort with a call button to offer a wholesome experience to the patrons along with the facilities of PVR Director's Cut Privilege Card program. Director's cut is an essential part of PVR's assiduous strategy to increase its luxury offerings to cater to the growing demand in the sector. Luxury formats are becoming the preferred choice of audiences and gaining more ground in India with a view to provide a differentiated movie watching experience that is complete with technology, F&B, service standards and comfort which is not possible while watching movies at home. With this opening, PVR strengthens its growth momentum in Fiscal Year 2021-2022 with 846 screens at 176 properties in 71 cities (India and Sri Lanka).


ę S&P Capital IQ 2021
Stocks mentioned in the article
ChangeLast1st jan.
NCR CORPORATION 1.40% 43.4 Delayed Quote.13.92%
PVR LIMITED 0.05% 1713.8 Delayed Quote.29.81%
All news about PVR LIMITED
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09/23PVR : Crisil Lowers Long-Term Rating on PVR's Bank Loans to A+; Keeps Negative Outlook
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09/22PVR : India Ratings & Research Maintains PVR's AA- Long-Term Rating; Outlook Negative
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09/03PVR : Opens New Multiplex in Gujarat, India
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08/25PVR : Re-Opens Cinema Hall in New Delhi, India, after Renovation
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08/05PVR : Opens Four New Screens At Luxury Movie Hall in Gurugram, India
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More news
Financials
Sales 2022 16 637 M 222 M 222 M
Net income 2022 -3 492 M -46,6 M -46,6 M
Net Debt 2022 49 375 M 658 M 658 M
P/E ratio 2022 -29,2x
Yield 2022 0,12%
Capitalization 104 B 1 390 M 1 390 M
EV / Sales 2022 9,23x
EV / Sales 2023 3,71x
Nbr of Employees 3 648
Free-Float 67,1%
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Number of Analysts 22
Last Close Price 1 713,80 INR
Average target price 1 574,29 INR
Spread / Average Target -8,14%
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Managers and Directors
Ajay Bijli Chairman & Managing Director
Gautam Dutta Chief Executive Officer
Nitin Sood Chief Financial Officer
Rajat Tyagi Chief Information Officer
Rahul Singh Chief Operating Officer-PVR Cinemas
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