Film Exhibition Q4 Earnings Preview – Second Wave Pushes Back Return To Normalcy; H2 FY22 Key: Nirmal Bang 

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With India in the grip of a second wave of the Covid-19 virus, we believe that the expectations from the investing community of Q1 FY22 being the start of return to normal business conditions have been dashed.

With Maharashtra, a key geography for the film exhibition industry, being shut for film exhibition for the entire April 2021, with potential for further extensions, we are now faced with short term uncertainty – around cost structures, screen openings, film release dates, movies going straight to over-the-top, etc.

Pararellely, we also have the vaccination program underway, which is going on in fits and starts, but which will hopefully gain significant traction in Q1 FY22.

Click on the attachment to read the full report:

Nirmal Bang Film Exhibition Sector -Sector Update and Result Preview-13 April 2021.pdf


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