Even though it’s not an ideal economic climate, PVR Ltd seems to be doing considerably well. In an exclusive interview with CNBC-TV18, Pramod Arora, president and chief executive officer of the company says that....
Even though it’s not an ideal economic climate, PVR Ltd seems to be doing considerably well. In an exclusive interview with CNBC-TV18, Pramod Arora, president and chief executive officer of the company says that they are witnessing approximately 30% growth in occupancies for the current quarter, adding that ‘this sort of growth is expected to continue for the upcoming quarters as well.’
For the full year, Arora expects an EBITDA margin of 22-25%. “This is just a peg, but this is the number coming form us,” he said. He also says that they are looking to open 45-55 new screens by the end of FY12.
Below is an edited transcript of his interview with Latha Venkatesh and Ekta Batra. Also watch the accompanying video.
Even though it’s not an ideal economic climate, PVR Ltd seems to be doing considerably well. In an exclusive interview with CNBC-TV18, Pramod Arora, president and chief executive officer of the company says that they are witnessing approximately 30% growth in occupancies for the current quarter, adding that ‘this sort of growth is expected to continue for the upcoming quarters as well.’
For the full year, Arora expects an EBITDA margin of 22-25%. “This is just a peg, but this is the number coming form us,” he said. He also says that they are looking to open 45-55 new screens by the end of FY12.
Below is an edited transcript of his interview with Latha Venkatesh and Ekta Batra. Also watch the accompanying video.