In the quarter ended on March 31, 2021, PVR-Multiplex operator had been reported to have experienced a net loss of Rs 289.12 crore on Wednesday, as an impact of the pandemic.
In the last fiscal quarter, the company had reported having experienced a net loss of Rs 74.49. In a regulatory filing, PVR mentioned that their total income in the corresponding quarter last year was Rs 661.78 crore, however, now it has come down to Rs 236.26 crore.
PVR also said that the results for the quarter ending on March 31, 2020, and March 31, 2021, are not to be compared since the operations were majorly impacted by the lockdowns, social distancing requirements, content flow in a limited amount, staggered re-openings, and lower consumer confidence.
Even though the fiscal year 2020-21 was one of the toughest years for the industry, it was still able to manage through the challenges thrown by the covid-19 pandemic by focusing mainly on continuing to keep enough liquidity on the balance sheet, and…