PVR INOX Q1 profit drops nearly 70 pc sequentially to Rs 56.5 crore
Mumbai, July 23
India's largest multiplex operator, PVR INOX, on Thursday reported a nearly 70 per cent sequential decline in consolidated net profit to Rs 56.5 crore for the quarter ended June 2026.
The multiplex operator clocked Rs 186.7 crore profit posted in the March quarter (Q4 FY26), according to its stock exchange filing.
On a year-on-year basis, however, the company returned to profitability after reporting a consolidated net loss of Rs 54.5 crore in the corresponding quarter of the previous financial year.
Commenting on the result, Ajay Bijli, Managing Director, PVR INOX Limited, said that the Q1 FY'27 reflects the structural strength we have built over the last three years.
"The industry delivered broadbased growth, our operating metrics improved across the board, and the Company is now Net Cash positive," Bijli stated.
"With a diverse content slate ahead and a capital-light expansion model, our focus remains on delighting consumers, driving footfalls and creating enduring value for our shareholders," Bijli mentioned.
The company's consolidated revenue from operations rose 11.9 per cent year-on-year to Rs 1,622 crore from Rs 1,450 crore in the same quarter last year, driven by improved box office performance and higher occupancy across its cinema network.
Total income increased 11.2 per cent to Rs 1,648.3 crore during the quarter from Rs 1,481.7 crore a year earlier.
Compared with Rs 1,623.9 crore in the March quarter, total income was up 1.5 per cent, as per its regulatory filing.
Total expenses stood at Rs 1,572.7 crore, up 1.8 per cent from Rs 1,544.8 crore in the year-ago period. On a sequential basis, expenses declined 1.6 per cent from Rs 1,599 crore.
At the operating level, earnings before interest, taxes, depreciation and amortisation (EBITDA) surged 31 per cent year-on-year to Rs 529 crore, compared with Rs 404 crore in the corresponding quarter last fiscal.
The company's operating profitability improved significantly, with EBITDA margin expanding by 470 basis points to 32.6 per cent from 27.9 per cent a year earlier.
— IANS
Reader Comments
Our family recently went to PVR for a film after ages—the experience is still good but the cost is insane. Profit dropping sequentially isn't surprising when OTT is giving us so many options at home. They need to innovate, maybe some loyalty programs or discounted matinees for students. Still, good to see them back in black after last year's loss. 👍
Revenue up 11.9% but profit down 70%? That tells me expenses or operational inefficiencies are eating into margins. The EBITDA margin improvement is good, but I feel they're spending too much on expanding screens without enough footfall guarantee. For a multiplex in India, it's all about the content magic, not just fancy recliners. Let's hope Pathaan 2 or something big comes out! 😄
I appreciate the transparency, but this Q1 dip feels like a seasonal slump. The company says it's net cash positive now, which is a big milestone after Covid. But as a regular moviegoer, I wish they'd reduce concession prices. ₹200 for a small popcorn feels like robbery—it's the real reason people skip the theatre sometimes. 🍿🤔
So net profit down to ₹56.5 cr from ₹186.7 cr last quarter—that's a massive sequential fall. But the YoY story is positive, going from loss to profit. I guess Q1 is always lean due to fewer big releases. The real test will be Q2 and Q3 with Diwali and holiday releases. Also, "capital-light expansion" sounds like they're being cautious—smart move after the slump. Let's see!
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