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PVR Inox Results: Latest Quarterly Results & Analysis

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PVR INOX Ltd. 11 May 2026 14:54 PM
Result PDF

Q4FY26 & FY26 Result Announced for PVR INOX Ltd.

Movies & Entertainment company PVR INOX announced Q4FY26 & FY26 results

Q4FY26 Standalone Financial Highlights:

  • Revenue from Operations: The company reported a revenue of Rs 14,870 million for Q4FY26, representing a growth of 26.38% YoY compared to Rs 11,766 million in Q4FY25. However, it saw a decline of 16.16% QoQ from Rs 17,736 million in Q3FY26.
  • Total Income: Total income for the quarter stood at Rs 15,630 million, an increase of 26.73% YoY from Rs 12,333 million and a decrease of 13.63% QoQ compared to Rs 18,097 million in Q3FY26.
  • Profit Before Tax: The company achieved a Profit Before Tax of Rs 1,452 million in Q4FY26, marking a significant turnaround from a loss of Rs 1,665 million in Q4FY25 and a growth of 23.68% QoQ compared to Rs 1,174 million in Q3FY26.
  • Net Profit After Tax: Profit After Tax for Q4FY26 was Rs 1,208 million, showing a sharp recovery from a loss of Rs 1,228 million in Q4FY25 and a 27.16% increase QoQ from Rs 950 million in Q3FY26.

FY26 Standalone Financial Highlights:

  • Revenue from Operations: For FY26, revenue reached Rs 63,912 million, reflecting a growth of 17.43% YoY compared to Rs 54,424 million in FY25.
  • Total Income: Total annual income was Rs 65,682 million, up 17.16% YoY from Rs 56,061 million.
  • Net Profit After Tax: The company reported an annual standalone profit of Rs 2,685 million for FY26, recovering from a substantial loss of Rs 2,769 million in FY25.

Q4FY26 Consolidated Financial Highlights:

  • Revenue from Operations: Consolidated revenue for Q4FY26 stood at Rs 15,473 million, representing a growth of 25.81% YoY compared to Rs 12,299 million in Q4FY25. On a sequential basis, revenue declined 16.35% from Rs 18,497 million in Q3FY26.
  • Total Income: Consolidated total income for the quarter was Rs 16,239 million, an increase of 26.03% YoY from Rs 12,885 million, and a 14.07% decline QoQ from Rs 18,897 million.
  • Profit Before Tax: The group reported a Profit Before Tax of Rs 208 million for Q4FY26, a turnaround from a loss of Rs 1,632 million in Q4FY25. However, this was an 83.25% decline QoQ compared to Rs 1,242 million in Q3FY26.
  • Net Profit (Attributable to Owners): Consolidated Net Profit for Q4FY26 was Rs 1,867 million, showing a massive turnaround from a loss of Rs 1,250 million in Q4FY25 and a 95.09% increase QoQ from Rs 957 million in Q3FY26.

FY26 Consolidated Financial Highlights:

  • Revenue from Operations: For FY26, consolidated revenue was Rs 66,462 million, up 16.60% YoY from Rs 56,999 million.
  • Total Income: Total consolidated income for FY26 reached Rs 68,297 million, growing 16.33% YoY from Rs 58,708 million.
  • Net Profit (Attributable to Owners): The group reported a consolidated annual profit of Rs 3,341 million in FY26, recovering from a net loss of Rs 2,796 million in FY25.

Business Highlights:

  • Segment Performance:
    • Movie Exhibition: This segment remains the primary revenue driver, contributing Rs 66,079 million to the total revenue for the year ended March 31, 2026.
    • Movie Production and Distribution: This segment contributed Rs 3,714 million to the total revenue for FY26.
  • Divestment of Subsidiary: On January 29, 2026, the company disposed of its entire 93.27% shareholding in its subsidiary, Zea Maize Private Limited, for a consideration of Rs 2,221 million. This resulted in an exceptional gain of Rs 1,270 million on a standalone basis and Rs 1,952 million on a consolidated basis.
  • Impact of New Labour Codes: The company assessed an incremental impact due to the notification of four new Labour Codes (2019 and 2020), amounting to Rs 392 million on a standalone basis and Rs 405 million on a consolidated basis.
  • Asset Impairment: The company recorded an impairment of Rs 78 million during the year relating to capital work in progress for a property under development due to a dispute with the landlord.
  • Share Capital: The paid-up equity share capital as of March 31, 2026, stood at Rs 982 million (comprising 98.2 million shares of face value Rs 10 each).

Ajay Bijli, Managing Director, PVR INOX, said: "FY26 represented a structural inflection for PVR INOX. With a strong content slate ahead, a capital-light expansion strategy and a significantly strengthened balance sheet, we believe the Company is entering its next phase of sustainable growth. Our focus remains on delighting consumers, driving footfalls through innovation, and creating enduring value for our shareholders.”

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Movies & Entertainment company PVR INOX announced Q3FY26 results

  • Revenue of Rs 19,077 million, EBITDA of Rs 3,435 million and PAT of 1,149 Rs million.
  • Patrons visiting our cinemas: 40.5 million, YoY growth of 8.6%.
  • Average Ticket Price (ATP) of Rs 293, YoY growth of 4.1%.
  • Average F&B Spend per Head (SPH) of Rs 146, YoY growth of 4.2%.
  • Lowest Net Debt since merger at Rs 3,652 million, reduction of 74% or Rs 10,652 million.
  • 20 new screen openings across 5 cinemas including 9 screens in 3 cinemas under the FOCO model and 6 screens in 1 cinema under the Asset Light model.
  • As on date PVR INOX operates 358 cinemas with 1,791 screens across 112 cities.

Commenting on the results and performance, Ajay Bijli, Managing Director, PVR INOX, said, “With a strong content slate ahead, a capital-light expansion strategy, and a significantly strengthened balance sheet, we believe PVR INOX is entering its next phase of sustainable growth. Our focus remains on delighting consumers, driving footfalls through innovation, and creating enduring value for our shareholders.”

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Movies & Entertainment company PVR INOX announced Q1FY26 results

  • Revenue of Rs 14,879 million, EBITDA of Rs 1,141 million and PAT loss of Rs -335 million for the quarter.
  • Patrons visiting our cinemas: 34 million, YoY growth of 12%.
  • Average Ticket Price (ATP) of Rs 254, YoY growth of 8%.
  • Highest ever F&B Spend per Head (SPH) of Rs 148, YoY growth of 10%.
  • Highest Q1 Ad Income post-pandemic of Rs 1,096 million, YoY growth of 17%.
  • Net Debt at Rs 8,915 million, reduction of 38% or Rs 5,389 since merger.
  • As on date PVR INOX operates 353 cinemas with 1,745 screens across 111 cities.

Ajay Bijli, Managing Director, PVR INOX, said: “FY’26 has begun on a positive note, with Q1 delivering healthy growth across key operating and financial metrics. The momentum has been supported by a well-performing and steady content slate, giving us confidence in the year ahead. With a robust pipeline of films across Hindi, Hollywood, and Regional cinema, we expect FY26 to be a strong year for the exhibition business. Our focus remains on delighting audiences through innovative initiatives, sustaining cost discipline, and continuing to build long-term value for all our stakeholders.”

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Movies & Entertainmen company PVR INOX announced Q4FY25 & FY25 results

Q4FY25 Financial Highlights:

  • Revenue of Rs 12,853 million compared to Rs 12,904 million during Q4FY24.
  • EBITDA of Rs 250 million compared to Rs 352 million during Q4FY24.
  • PAT loss of Rs -1,058 million for the quarter compared to Rs -901 million during Q4FY24.
  • Patrons visiting our cinemas : 30.5 million.
  • Average ticket price (ATP) of Rs 258.
  • F&B spend per head (SPH) of Rs 125.
  • As on date PVR INOX operates 352 cinemas with 1,743 screens across 111 cities.

FY25 Financial Highlights:

  • Revenue of Rs 58,746 million compared to Rs 62,037 million during FY24.
  • EBITDA of Rs 4,703 million compared to Rs 8,087 million during FY24.
  • PAT loss of Rs – 1,519 million compared to Rs 1,143 million during FY24.
  • Patrons visiting our cinemas: 136.9 million.
  • Average ticket price (ATP) of Rs 259.
  • Average F&B spend per head (SPH) of Rs 134.
  • Consistent Reduction in Net Debt post-merger. Net Debt has reduced by Rs 4,782 million, from Rs 14,304 million on 31st March 2023 to Rs 9,522 million on 31st March 2025.
  • 77 new screen openings across 11 properties during the period.
  • As on date PVR INOX operates 352 cinemas with 1,743 screens across 111 cities.

Ajay Bijli, Managing Director, PVR INOX, said: "FY’25 was an year of transformation — defined by our renewed focus on innovation and agility. We evolved from being reactive to becoming resilient and emerging as a more agile, future ready organization, laying the groundwork for long-term sustainability and relevance in a rapidly changing entertainment landscape.”

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Movies & Entertainment company PVR INOX announced Q3FY25 results

  • Revenue of Rs 17,388 million, EBITDA of Rs 2,583 million and PAT of Rs 681 million for the quarter
  • Patrons visiting our cinemas: 37.3 million
  • Highest Quarterly Average ticket price (ATP) of Rs 281
  • Highest Quarterly F&B spend per head (SPH) of Rs 140
  • Highest Quarterly Ad income of Rs 1,486 million booked post covid
  • 11 new screen openings across 2 properties during the quarter
  • As on date PVR INOX operates 350 cinemas with 1,728 screens across 111 cities

Ajay Kumar Bijli, Managing Director, PVR INOX Ltd., said, "As we look ahead, our focus remains on pivoting to the capital light model, enhancing free cash generation, reducing net debt, controlling costs and delivering a diverse slate of films that excite and inspire moviegoers. With a robust content pipeline, a slew of strategic growth initiatives, and continued financial discipline, we are confident in sustaining our leadership and driving long-term value for all stakeholders."

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Movies & Entertainment company PVR INOX announced Q2FY25 results:

  • Revenue of Rs 16,419 million, EBITDA of Rs 2,069 million and PAT of Rs 224 million for the quarter.
  • Patrons visiting our cinemas : 38.8 million.
  • Average ticket price (ATP) of Rs 257.
  • F&B spend per head (SPH) of Rs 136.
  • 16 new screen openings across 2 properties during the quarter.
  • As on date PVR INOX operates 356 cinemas with 1,747 screens across 111 cities.

Ajay Bijli, Managing Director, PVR INOX Ltd., said: "The performance in this quarter, highlights the enduring appeal of cinema and the power of compelling content. Our strategy of combining fresh blockbusters with nostalgic rereleases has resonated strongly with audiences, reinforcing our position as a leader in the multiplex industry".

Result PDF

Movies & Entertainment company PVR INOX announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Revenue of Rs 12,904 million, EBITDA of Rs 352 million and PAT loss of Rs -901 million for the quarter
  • Patrons visiting our cinemas : 32.6 million
  • Average ticket price (ATP) of Rs 233
  • F&B spend per head (SPH) of Rs 129
  • 33 new screen openings across 6 properties during the quarter
  • As on date PVR INOX operates 360 cinemas with 1,748 screens across 112 cities

FY24 Financial Highlights:

  • Revenue of Rs 62,037 million, EBITDA of Rs 8,087 million and PAT of Rs 1,143 million
  • Patrons visiting our cinemas: 151.4 million
  • Average ticket price (ATP) of Rs 259
  • Average F&B spend per head (SPH) of Rs 132
  • Net Debt reduction of Rs 1,364 million
  • 130 new screen openings across 25 properties during the period
  • As on date PVR INOX operates 360 cinemas with 1,748 screens across 112 cities

Commenting on the results and performance, Ajay Bijli, Managing Director, PVR INOX, said, "The key strategic priorities as envisaged above, should help the company in charting a new, less capital intensive and incrementally profitable growth path. Our endeavour is to redefine our growth strategy, focus on fixed cost reduction thus improving profitability resulting in enhanced return on capital and free cash flow generation.”

Result PDF

Specialty Retail company PVR INOX announced Q3FY24 & 9MFY24 results:

  • Q3FY24:
    • Revenue of Rs 15,693 million
    • EBITDA of Rs 2,259 million
    • PAT of Rs 412 million
    • Patrons visiting our cinemas: 36.5 million
    • Average ticket price (ATP) of Rs 271
    • F&B spend per head (SPH) of Rs 132
    • 29 new screen openings across 7 properties during the quarter
    • As of date PVR INOX operates 360 cinemas with 1,712 screens across 113 cities
  • 9MFY24:
    • Revenue of Rs 49,133 million
    • EBITDA of Rs 7,735 million
    • PAT of Rs 2,045 million
    • Patrons visiting our cinemas: 118.8 million
    • Average ticket price (ATP) of Rs 266
    • Average F&B spend per head (SPH) of Rs 133
    • Net Debt reduction of Rs 2,188 million
    • 97 new screen openings across 19 properties during the period
    • As of date PVR INOX operates 360 cinemas with 1,712 screens across 113 cities

Commenting on the results and performance, Ajay Bijli, Managing Director, PVR INOX, said, "It is heartening to see that in the year 2023, India stands out as the sole major market worldwide to surpass the pre-pandemic peak in box office collections. The Indian box office witnessed a notable 12% increase, reaching Rs 1,22,260 million in 2023, compared to Rs 1,09,480 million in 2019. In 2023, the Hindi box office experienced a remarkable comeback boasting 4 highest-grossing Hindi films of all time - each surpassing the Rs 5,000 million mark. Besides, a diverse range of mid-scale movies across different languages showcased robust performances at the box office. These statistics underscore the resilience of the Indian cinema industry as a preferred medium of entertainment. We expect even greater and more impressive results from this industry in the coming years.”

 

Result PDF

Specialty Retail company PVR Inox announced Q2FY24 & H1FY24 results:

1. Financial Performance:
- PVR INOX reported its highest-ever quarterly revenue of Rs 20,196 million, EBITDA of Rs 4,473 million, and PAT of Rs 2,073 million for the quarter.
- The company also achieved a revenue of Rs 33,440 million, EBITDA of Rs 5,476 million, and PAT of Rs 1,633 million for the half year ended September 30, 2023.
- Net debt reduction of Rs 3,276 million was recorded during the half year.

2. Operational Growth:
- PVR INOX opened 37 new screens across 7 properties during the quarter and a total of 68 new screens across 12 properties during the half year.
- The company currently operates 358 cinemas with 1,702 screens across 115 cities in India and Sri Lanka.

3. Admissions and Ticket Sales:
- PVR INOX recorded the highest-ever quarterly admissions of 48.4 million during the quarter.
- Average ticket price (ATP) also reached its highest ever level of Rs 276.

4. Food and Beverage Sales:
- The company achieved the highest ever Food & Beverage spend per head (SPH) of Rs 136 during the quarter.
- Average F&B spend per head (SPH) for the half year was recorded at Rs 134.

5. Box Office Performance:
- Hindi films like 'Jawan' and 'Gadar 2' ranked among the highest-grossing Hindi films of all time, amassing over 750 crores and 620 crores at the box office.
- Hollywood releases like 'Oppenheimer' and 'Mission Impossible: Dead Reckoning Part 1' grossed 150 crores and 130 crores in India, respectively.
 

 

 

Result PDF

PVR announced Q2FY23 results:

  • Q2FY23:
    • Revenue of Rs 7,017 million, EBITDA is Rs 129 million and PAT of Rs 588 million for the quarter
    • Theatrical admissions: 18 million patrons visited our cinemas during the quarter
    • National Cinema Day was celebrated on September 23, 2022 as an industry wide initiative to welcome moviegoers back to cinemas. We witnessed massive 6.5 lac admissions on National Cinema Day with occupancy of 80%, which was the 2nd highest attended day till date.
    • Growth of 11% in Average ticket price (Rs 224) and 31% growth in Average F&B spend per patron (Rs 129) as compared to Q2FY20 i.e., pre-pandemic period
    • Added 14 screens across 3 properties during the quarter
    • As on date PVR operates 175 cinemas with 864 screens across 76 cities
  • H1FY23:
    • Revenue of Rs 17,021 million, EBITDA of Rs 2,208 million and PAT of Rs 117 million
    • 43 million patrons visted the cinemas during the H1FY23
    • Growth of 19% in Average ticket price (Rs 239) and growth of 32% in Average F&B spend per patron (Rs 132) as compared to the pre pandemic period
    • Added 24 screens across 5 properties during the half year ended September 2022

Commenting on the results and performance, Mr. Ajay Bijli, Chairman cum Managing Director, PVR Ltd said. "We remain focused on driving admissions back to our cinemas. India's love for movies was well demonstrated by the massive success of the National Cinema Day: I am confident of full recovery in the business driven by the robust content lineup for this year and the various initiatives that we are implementing to rekindle the cinema going habit amongst our loyal patrons. As we celebrate the silver Jubilee for PVR this year, we are extremely optimistic that we will continue to set and exceed even greater benchmarks in the years to come."

 

 

Result PDF

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