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Second wave restrictions: Crisil says multiplexes to be on losses; may recover only in FY23

Second wave restrictions: Crisil says multiplexes to be on losses; may recover only in FY23
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Last Updated: Apr 30, 2021, 05:21 PM IST
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The sector, arguably one of the worst impacted in the pandemic, can look at a recovery only in the next financial year, the report by domestic credit rating agency Crisil said.
Agencies
The spread of infections, the success of the vaccination drive, and the return of moviegoers (setting aside their fear of closed spaces) will be monitorables along with companies ability to raise funds in a timely manner, the agency said.
Localised lockdowns and night curfews amid the newer wave of COVID-19 is set to extract a toll on multiplexes in the country, and companies in this sector will report operating losses for the second consecutive year, a report said on Friday. ....

Rakshit Kachhal , Nitesh Jain , Director Nitesh Jain , Associate Director Rakshit Kachhal , ரக்ஷித் கச்சல் , நீத்தேஷ் ஜெயின் , இயக்குனர் நீத்தேஷ் ஜெயின் ,

Crisil says multiplexes to be on losses; may recover only in FY23

Localised lockdowns and night curfews amid the newer wave of COVID-19 is set to extract a toll on multiplexes in the country, and companies in this sector will report operating losses for the second consecutive year, a report said on Friday.
The sector, arguably one of the worst impacted in the pandemic, can look at a recovery only in the next financial year, the report by domestic credit rating agency Crisil said.
Multiplexes are set to log operating losses for the second straight fiscal as localised lockdowns, night curfews and other restrictions to contain the resurgence of coronavirus infections will keep occupancies low for the next few months, the agency said. ....

Rakshit Kachhal , Nitesh Jain , Director Nitesh Jain , Associate Director Rakshit Kachhal , ரக்ஷித் கச்சல் , நீத்தேஷ் ஜெயின் , இயக்குனர் நீத்தேஷ் ஜெயின் ,