PVR posts loss of Rs 49 crore in Q3

Novel coronavirus impacts PVR limited with a huge net loss of Rs 49 crores in December quarter. Various platforms have been impacted during the pandemic. PVR limited runs the whole bunch of movies and it has impacted every single person who is involved in making a movie till it gets to the cinema theatre.

Also, it will either way impacts due to coming of OTT platform. People are no more in search of new content with the emerge of new platforms.

At 2:45 pm on Friday, the company’s script on NSE trading 2% higher at Rs 1,467.35. with revenue from operations declined by 95% to Rs 45.4 crore, Livemint Reported.

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