Buy PVR, target price Rs 2340: Emkay Global

Emkay Global has buy call on PVR Ltd. with a target price of Rs 2340. The current market price of PVR Ltd. is Rs 1854.95. Time period given by analyst is one year when PVR Ltd. price can reach defined target. PVR Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 11175.83 Crore) operating in Media & Entertainment sector.

PVR Ltd. key Products/Revenue Segments include Income From Films, Beverages & Food, Fees & Other Charges, Income From Advertisement, Other Operating Revenue and Income from Films Production & Distribution for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 1002.26 Crore, up 72.90 % from last quarter Total Income of Rs 579.66 Crore and up 982.94 % from last year same quarter Total Income of Rs 92.55 Crore. Company reported net profit after tax of Rs 53.16 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 16.99 per cent stake in the company as of 30-Jun-2022, while FIIs owned 44.71 per cent, DIIs 18.04 per cent.