PVR Inox Ltd share Price Today

PVR Ltd is the market leader in terms of multiplex screen count in India. Currently, it operates 903 screens in 181 cinemas in 78 cities in India and Sri Lanka with an aggregate seating capacity of ~1.86 lakh seats.

• With leadership in the high realisation/key markets of Maharashtra and NCR, it enjoys superior ATP, SPH and advertisement compared to peers

On expected lines, PVR reported a strong recovery QoQ led by improved content performance in Q3.

• Revenue came in at ₹ 940.7 crore, (up 37% QoQ) and ~3% higher than pre-Covid levels in Q3FY20. Box office revenue was at ₹ 436 crore (up ~33% QoQ) with footfalls up ~22% QoQ at 22 million and ATP at ₹ 244, up ~9% QoQ owing to content performance and movie slate mix. Ad revenues were at ₹ 79.2 crore, at ~65% of pre Covid levels.
• The company reported ₹ 288 crore of F&B revenues, up 25% QoQ, with SPH at ₹ 133, up 3% QoQEBITDA (without impact of Ind-AS116) was at ₹ 128.3 crore, with margins at 13.6%, given the box office performance and higher distribution revenues. On reported basis, EBITDA was at ₹ 288.8 crore (margin of 30.7%)
• PAT (ex-Ind AS116) was at ₹ 25.2 crore vs. losses in the base quarter

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.”

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