Consolidated Result Summary 9M FY 20-21
Update On Negotiation With Landlords
Adjusted RENT & CAM
Settlements reached with Landlords for 88% of cinemas for
complete or partial waiver / discounts for the lockdown
period;
Negotiated discounts/rebates in the form of revenue share/
reduction in minimum guarantee post re-opening generally
until March 31, 2021
Discussions with balance Landlords in progress and
expected to close in the near future.
We are yet to re-open 56 screens in 13 cinemas, as of 15th
January 2021, since certain rental negotiations are currently
on-going with the mall developers, landlords, lessors and
partners
Adjusted rent expense does not include an amount of INR
32 Cr for rental waivers sought by the company for the
lockdown period in case of properties where rental
negotiations with landlords are not concluded.
CAM Expenses for Q3, FY 21 lower on account of credit
notes received from developers on final settlement
4,877
Adjusted Rent (INR Lacs)
PVR
43,833
89%
14,694
4,896
Q3, FY 21
Q2, FY 21
Q3, FY 20
9M, FY 21
9M, FY 20
CAM (INR Lacs)
11,533
48%
6,033
3,918
2,571
660
Q3, FY 21
Q2, FY 21
Q3, FY 20
9M, FY 21
9M, FY 20
Adjusted Rent & CAM expense for 9M, FY 21 is lower by INR 444 Cr as compared to 9M FY 20, a reduction of 80%
Note: Adjusted Rent Expenses = Net Rent Expenses + Impact of Ind AS 116 Adjustment in Other Expenses
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