Buy PVR INOX, target price Rs 2040: JM Financial

JM Financial has buy call on PVR INOX with a target price of Rs 2040. The current market price of PVR INOX Ltd. is Rs 1391.15.

PVR INOX Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 13629.09 Crore) operating in Media & Entertainment sector.

PVR INOX Ltd. key Products/Revenue Segments include Income From Films, Beverages & Food, Income From Advertisement, Fees & Other Charges, Other Operating Revenue and Income from Films Production & Distribution for the year ending 31-Mar-2023.



Financials
For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 1219.40 Crore, down -6.60 % from last quarter Total Income of Rs 1305.50 Crore and down -8.30 % from last year same quarter Total Income of Rs 1329.80 Crore. Company reported net profit after tax of Rs -179.00 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 27.84 per cent stake in the company as of 30-Jun-2024, while FIIs owned 18.07 per cent, DIIs 38.73 per cent.