PVR INOX swings to black with net profit of ₹56.5 crore in Q1, revenue up 11.9 per cent

Leading multiplex chain PVR INOX reported a consolidated net profit of ₹56.5 crore in the June quarter compared to a net loss of ₹54.5 crore in the corresponding quarter in the previous fiscal. Consolidated revenue from operations grew 11.9 per cent to ₹1622.2 crore on the back of a broad-based and balanced growth witnessed in terms of the box office collections.

The company said that Q1 FY27 marked a strong start of the year with a broad-based growth across metros as well as tier-2 and tier-3 markets across a wider set of successful mid-scale films across languages.

Sanjeev Kumar Bijli, Executive Director, PVR INOX Ltd told businessline that this was the fifth consecutive quarter of growth for the company. He indicated that the strong first quarter of the fiscal reflects a structural strength and the company is now net cash positive. He added that while Hindi cinema held its ground during the quarter, Hollywood movies found success from non-franchise titles while regional cinema delivered multi-fold growth. “It indicates whether films are big, small, regional, English or Hindi, consumer are coming back to watch them on the big screen. We can see this in the growth in admissions. We recorded 36.6 million admissions which was a year-on-year growth of 8 per cent. Average ticket price also grew by 8 per cent and spends per head (SPH) grew by 9 per cent,” Bijli noted.

Bijli said that the company remains on track to open 100 new screens during FY27. “We are committed to enhancing premium formats as that enables us to offer a differentiated experience to consumers. Out of the 100 screens that we will add, about 20 per cent will be in the premium formats,” he added. Bijli said that nearly 64 per cent of the new screen additions will be done on a asset-light model.

“From a net debt of ₹14,304 million at the time of the merger, the company turned net cash positive during the quarter, with net cash of ₹807 million as of June 30, 2026. This gives the company complete strategic flexibility to pursue its capital-light growth agenda funded through internal accruals,” the company added in its financial earnings statement.

Bijli noted that the content pipeline for the remainder of FY27 is a strong mix of franchise films, star-led tentpoles and content-driven titles across languages. As on June 30, PVR INOX operates 1,779 screens across 113 cities in India and Sri Lanka.