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8mo ago

PVR Inox Returns to Profit in Q2 as Strong Slate Lifts Revenue and Margins

Management is shifting to capital-light growth with reduced capex as debt hits the lowest level since the merger.

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Overview

  • The exhibitor reported a consolidated net profit of about Rs 106 crore for the September quarter after a year-ago loss.
  • Revenue from operations rose roughly 12% year-on-year to Rs 1,823 crore as EBITDA grew and the margin expanded to 33.6%.
  • Admissions reached 44.5 million, the highest in two years, with 12 films crossing Rs 100 crore in Q2 and the Indian box office up 15% in H1.
  • PVR Inox kept capex to about Rs 400 crore for FY26, added 22 screens and exited 8 in Q2, and has 132 screens signed under FOCO and other asset-light models.
  • Net debt fell to Rs 6,188 crore, the lowest since the merger, and the company said the GST cut on sub-Rs 100 tickets has been fully passed on, reducing promotional pricing such as Tuesday tickets to Rs 92.