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PVR Inox Results: Latest Quarterly Results & Analysis

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PVR INOX Ltd. 06 Aug 2025 14:39 PM

Q1FY26 Quarterly Result Announced for PVR INOX Ltd.

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.”

Result PDF

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.”

Result PDF

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

Movies & Entertainment firm PVR declares Q4FY22 result:

  • Highlights For The Year Ended March 31, 2022:
    • Revenue was Rs. 1,409 crs, EBITDA loss of Rs. (155) crs and PAT loss of Rs. (419) crs.
    • 33.5 mn patrons visited our cinemas during the year
    • Reported highest ever full year ATP of Rs. 235 & highest ever full year SPH of Rs. 124
    • Added 29 screens across 5 properties during the year.
    • Strong impetus on screen addition to continue as the Company plans to add 120-125 screens in FY'23.
    • As on date PVR operates 173 cinemas with 854 screens across 74 cities.
    • Sufficient liquidity on Balance Sheet - Rs. 667 Cr (including undrawn WC limit of ~ Rs 89 Cr.) as on 31st March '22.
    • Respective boards of both PVR & INOX Leisure approved their merger on 27th March'22.
  • Highlights For The Quarter Ended March 31, 2022:
    • Revenue was Rs. 554 crs, EBITDA loss of Rs. (18) crs and PAT loss of Rs. (96) crs
    • 14.3 mn patrons visited our cinemas during the quarter
    • Reported highest ever quarterly ATP of Rs. 242 & SPH of Rs. 122
    • Added 15 screens across 3 properties during the quarter.

Commenting on the results and performance, Mr. Ajay Bijli, Chairman cum Managing Director, PVR Ltd said "Our belief in the ability of the industry to bounce back swiftly was vindicated with this quarter's results. 90 lac admissions in the month of March and a stellar content pipeline for the next few quarters tells us that the best is yet to come.I strongly feel that this year can be the best year this industry has ever seen. We are doubling down on our investments and if everything goes as planned, this year we will break our own record of the maximum number of screens opened in a year in India.

I am extremely positive about the impending merger with INOX which will give additional firepower to the combined entity to invest and innovate in bringing world class theatrical viewing experience for our discerning audiences."

Result PDF

Specialty Retail firm PVR declares Q3FY22 result:

  • For the quarter ended December 31, 2021, Consolidated Revenue, EBITDA and PAT was Rs. 709.7 crores, Rs. 260.5 crores and Rs. (10.2) crores respectively as compared to Rs. 320.1 crores, Rs. 196.6 crores and Rs. (49.1) crores for the corresponding quarter last year. After adjusting for the impact of IND-AS 116 - Leases, Consolidated Revenue, EBITDA, and PAT of the Company was Rs. 642.3 crores, Rs. 66.2 crores and Rs. (21.9) crores respectively as compared to Rs. 63.4 crores, Rs. (108.8) crores and Rs. (136.6) crs for Q3 FY 21
  • The quarter gone by has been the best quarter for the Company since Mar’20 when the business was adversely impacted on account of the pandemic. The Company saw continuous improvement in financial metrics on a month on month basis and stopped burning cash after 6 continuous quarters.
  • From an EBITDA loss in Oct’21 to 23.7% positive EBITDA margin in Dec’21, the business grew from strength to strength with content from all 3 genres of Regional, Bollywood and Hollywood doing well.
  • The quarter was marked with strong content flow across Bollywood, Hollywood and Regional genres. Even though the 1st Bollywood tentpole (Sooryavanshi) released only in November 2021, the company’s performance grew month on month from a negative adjusted EBITDA in October 2021 to ~23.7% adjusted EBITDA margins in December 2021. For the entire quarter the adjusted EBITDA margins were in excess of 10%.
  • During the quarter the company opened its flagship 7 screen multiplex cinema and India’s first Drive in rooftop theatre at iconic Jio World Drive Mall at BKC Mumbai which has opened to stupendous reviews. With the above addition, the company has now opened 4 properties with 18 new screens across the country during the current fiscal year.
  • Since the end of Dec’21, major metropolitan cities in India are under the grip of the 3rd Covid wave fuelled by the highly transmissible but less severe Omicron variant. This has resulted in blockbuster content such as Jersey, RRR, Prithviraj, etc. deferring release.
  • As on date the cinemas across the country continue to remain operational in all states except for Delhi and Haryana with varying restrictions around capacity, vaccination and social distancing requirements. Given the low severity and high transmission of the Omicron variant, along with various State Governments reluctance in completely shutting down cinemas, we expect the recovery to be much faster this time as the numbers of cases reduce over the next few weeks.

Commenting on the results and performance, Mr. Ajay Bijli, Chairman cum Managing Director, PVR Ltd said “The strength and agility of our business was demonstrated during the last quarter. The pace with which the business recovered from October to December, validates that as soon as new content was made available, our patrons came back to the cinemas. The success was seen across all genres of content; Sooryavanshi and 83 from Bollywood; Spiderman & Eternals from Hollywood; Honsla Rakh, Pushpa, Annaatthe, Maanaadu etc. from Regional. Had the last week of December not been impacted by Omicron and the ensuing restrictions we would have closed with even better numbers for December. We continue to remain extremely bullish on the long-term prospects of the business and will continue to invest & innovate in bringing richer and more experiential formats for our audiences.”

Result PDF

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