Only 108 screens operational out of total 648 screen Q4 started on a promising note with a release like Master in southern market. However, desired flow of releases in Hindi languages was absent. ATP during the quarter was | 172, down 15% YoY while SPH was flat YoY at | 78. Inox opened 17 new screens during the quarter. The management said 19 screens are nearly complete and it expects to add 44 screens, if the situation normalises. We note that the second wave of Covid-19 has dampened recovery prospects in the near term. Currently, only 108 screens...