PVR: Ready To Bounce: Technical Pick

✅Revenue Growth at 10%, its not that bad.
Reading this comprehensive post will provide you with all the key details about the key levels of PVR (NS:PVRL) Inox

⭕Outlook on PVR Inox
PVR Inox Ltd., a leading multiplex operator in India, has shown resilience in the face of challenges in the cinema industry. Despite a net loss in Q4 FY2024, the company's revenue from operations witnessed a commendable 10% increase, reaching ₹1,256 crore compared to ₹1,143 crore in the previous year. This growth is attributed to strategic initiatives, such as the expansion of screens and the diversification of revenue streams through food and beverage (F&B) offerings.

• Expansion of Screens: PVR Inox has been aggressively expanding its screen count, opening 33 new screens across 6 properties in Q4 FY2024. This expansion will enhance accessibility for moviegoers and strengthen the company's market presence.
• Diversification of Revenue Streams: The company has been focusing on F&B offerings, which have shown significant growth. The partnership with Devyani International (NS:DEVY) marks a significant milestone, signalling PVR Inox's foray into pre-ticketed F&B revenue streams and diversification beyond traditional cinema offerings.
• Strategic Priorities: PVR Inox has emphasized fixed cost reduction and operational efficiency to improve profitability. The company aims to redefine its growth strategy, focusing on sustainable growth and profitability.
• Consolidated Financials: The company has reported a consolidated net loss of ₹130 crore in Q4 FY2024, although an improvement from the year-ago period. Consolidated revenue for Q4 FY2024 increased by 12.07% on a YOY basis, reaching ₹1305.50 crore.
• DIIs (Institutional holdings) have increased from 30% to 40% in the last year, whereas FIIs have reduced from 31% to 17% in the last year.

⭕Technical Analysis
The stock is trading around the support area, a good range to accumulate with limited downside potential. Any fall from current levels of 1330 should be good to buy. Risk rewards are favourable on the positional long side.

⭕Conclusion
PVR Inox Ltd. has shown resilience in the face of challenges, with a strong focus on strategic expansion and diversification of revenue streams. The company's technical analysis suggests a decent upside potential on a positional basis, with limited downside potential. Looks good from a trading perspective.