Buy PVR INOX, target price Rs 2240: ICICI Securities

ICICI Securities has buy call on PVR INOX with a target price of Rs 2240. The current market price of PVR INOX Ltd. is Rs 1488.85.

PVR INOX Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 14819.55 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 30-09-2023, the company reported a Consolidated Total Income of Rs 2023.70 Crore, up 52.18 % from last quarter Total Income of Rs 1329.80 Crore and up 187.81 % from last year same quarter Total Income of Rs 703.13 Crore. Company has reported net profit after tax of Rs 166.20 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 27.84 per cent stake in the company as of 31-Dec-2023, while FIIs owned 21.83 per cent, DIIs 38.73 per cent.