PVR Inox plans a new show with revamped biz plan
Mumbai, April 14 -- One year after the merger of India's top two multiplex players, PVR Inox Ltd is embarking on a strategic shift towards a model that will allow it greater flexibility in operations while reining in expenses and debt.
Ajay Bijli, managing director of PVR Inox, outlined the company's roadmap for the next 12-18 months in an interview withMint, emphasising a focus on operational performance, debt-reduction, and moving towards an asset-light model.
With a gross debt of Rs.1,725 crore as of FY24, PVR Inox-the world's 8th largest multiplex chain-is prioritising initiatives aimed at improving return on capital employed and Ebitda margins. Bijli's grand plan is to shut non-performing screens, renegotiate rental contracts, and ...
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