{"id":17583,"date":"2022-01-21T20:01:03","date_gmt":"2022-01-21T14:31:03","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-report-multiplexes\/"},"modified":"2022-01-21T20:01:03","modified_gmt":"2022-01-21T14:31:03","slug":"biz-report-multiplexes","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-report-multiplexes\/","title":{"rendered":"Imminent recovery for multiplexes pushed to FY23 by third wave: Report"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3015893450\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p> Mumbai, Jan 21 (PTI) The ongoing third wave of the COVID pandemic will push back the \u201cimminent recovery\u201d for multiplex operators to first quarter of next fiscal, a domestic rating agency said on Friday.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-491450672\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p> It can be noted that in order to arrest the surge in new cases, many states have adopted measures including shutting down of cinema halls if not imposing full lockdown.<\/p>\n<p> Icra said the revenues in the December quarter are expected to be the highest since the onset of the pandemic but the same will drop in the last quarter of the fiscal.<\/p>\n<p> Once the restrictions are removed, the recovery is expected to be much faster, it said, noting that there is a robust content line-up of releases waiting in queue.<\/p><div class=\"trade-content_5\" id=\"trade-2872477958\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p> \u201cThe industry participants were pinning recovery hopes on the festive season in Q3 FY22 with the strong content pipeline, increased pace of vaccination and relaxations in key markets like Maharashtra adding to the optimism,\u201d the agency&#8217;s sector head for corporate sector ratings Jay Sheth said.<\/p>\n<p> He added that supported by higher occupancy of over 60 per cent of pre-Covid levels, higher average ticket prices and spend per head, the multiplex operators are expected to report their highest revenues since Q4 FY2020) and report operating profits.<\/p>\n<p> \u201cThis is despite some restriction on occupancies in key states of Gujarat (60 per cent cap) and Maharashtra (50 per cent cap) and restrictions on consumption of food and beverages inside cinema halls (a high-margin segment) across a few key territories such as Maharashtra. Furthermore, as occupancy remained sub-optimal, contribution from another high-margin revenue source viz. advertising income (comprising 10-11 per cent of overall revenues) also remained low,\u201d he said. PTI AA  MKJ<\/p>\n<div class=\"trade-after-content\" id=\"trade-3310498058\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Mumbai, Jan 21 (PTI) The ongoing third wave of the COVID pandemic will push back the \u201cimminent recovery\u201d for multiplex operators to first quarter of next fiscal, a domestic rating agency said on Friday. It can be noted that in order to arrest the surge in new cases, many states have adopted measures including shutting [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1515,31],"tags":[],"class_list":["post-17583","post","type-post","status-publish","format-standard","hentry","category-company-results","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Imminent recovery for multiplexes pushed to FY23 by third wave: Report - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-report-multiplexes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Imminent recovery for multiplexes pushed to FY23 by third wave: Report\" \/>\n<meta property=\"og:description\" content=\"Mumbai, Jan 21 (PTI) The ongoing third wave of the COVID pandemic will push back the \u201cimminent recovery\u201d for multiplex operators to first quarter of next fiscal, a domestic rating agency said on Friday. 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