PVR Inox Q1 Results: Co swings to black, posts Rs 56 crore profit vs year-ago loss

Cinema exhibitor PVR INOX on Thursday reported a consolidated net profit of Rs 56.5 crore for June quarter FY27 as against a loss of Rs 47.3 crore a year ago.

Revenue from operations was Rs 1,622.2 crore in June quarter FY27 as against Rs 1,449.6 crore a year ago. Total expenses stood at Rs 1,572.7 crore in the quarter.

"Q1 FY27 marked a strong start to the year. India's total box office collections grew 20 per cent year-on-year this quarter, with broad-based growth - across metros as well as Tier II and Tier III markets, across a wider set of successful mid-scale films, and across languages," said PVR Inox in its earning statement.

Dring the quarter, PVR Inox recorded 36.6 million admissions, reporting a YoY growth of 8 per cent and its ATP (average ticket price) was at Rs 273, higher by 8 per cent.

Similarly its SPH (spending per head) was at Rs 161, up 9 per cent in the June quarter.

"This led to a 16 per cent increase in ticket sales and a 17 per cent rise in Food & Beverage sales compared to the same period last year. EBITDA rose 90 per cent to Rs 229.6 crore, with margins expanding from 8.2 per cent to 14 per cent driven by strong operating leverage," it said.

During the quarter, revenue from its 'movie exhibition' segment was up 14.25 per cent to Rs 1,614.1 crore.

However, revenue from 'movie production and distribution' was down 51.79 per cent at Rs 59.2 crore.

PVR INOX's total income, which includes other income, was at Rs 1,648.3 crore, up 11.24 per cent.

As on June 30, 2026, PVR INOX was operating 1,779 screens across 113 cities in India and Sri Lanka

According to PVR INOX, sustained free cash flow generation and disciplined capital allocation have transformed the balance sheet.

"From a net debt of Rs 14,304 mn (Rs 1,430 crore) at the time of the merger, the company turned net cash positive during the quarter, with net cash of Rs 80.7 crore as of June 30, 2026. This gives the company complete strategic flexibility to pursue its capital-light growth agenda funded through internal accruals," it said.

The company remains on track to open 90-100 new screens during FY'27, weighted towards asset-light formats, the statement added.

About the content pipeline, PVR INOX said the remainder of FY27 looks encouraging, with a strong mix of franchise films, star-led tentpoles and content-driven titles across languages.

"On the Hindi front, the slate includes anticipated titles such as Ramayana Part 1, King, Love and War, Drishyam 3, Awarapan 2, Mirzapur - The Movie and Haiwaan. Regional cinema continues to present a compelling theatrical slate, led by marquee titles such as Jana Nayagan, Toxic, Jailer 2, Khalifa and Sardar 2," it said.

Similarly, Hollywood is expected to provide further momentum, with major releases such as Spider-Man: Brand New Day, Avengers: Doomsday, Dune: Part Three, The Hunger Games: Sunrise on the Reaping and Jumanji: Open World, many of them releasing in premium large-screen formats.

"The depth, diversity and scale of this pipeline give the company strong confidence in the theatrical outlook for the rest of FY27," it said

Shares of PVR INOX on Thursday were trading at Rs 1,044.95 apiece on BSE, up 5.24 per cent from the previous close.