PVR INOX has announced its Q2 FY27 unaudited results, marking a landmark quarter with record-breaking performance. Total income grew 17% to INR2,133 crores, with EBITDA rising 44% to INR475 crores. Profit After Tax (PAT) more than doubled to INR273 crores, reflecting strong operational leverage and a sixth consecutive quarter of year-on-year revenue growth. The company also highlighted expansion initiatives, including the launch of its SMART Cinema format.
Record Financial Performance in Q2 FY27
PVR INOX Limited has reported exceptional results for the second quarter and first half of fiscal year 2027, driven by strong box office collections and operational efficiencies. In Q2 FY27, the company achieved record total income of INR2,133 crores, a 17% increase year-on-year. EBITDA saw a substantial jump of 44% to INR475 crores, expanding the EBITDA margin to 22.3%, up by 420 basis points. Profit After Tax (PAT) more than doubled to INR273 crores, marking the sixth consecutive quarter of year-on-year revenue growth.
Industry and Company Growth Drivers
The quarter was particularly strong for the Indian cinema industry, with gross box office collections reaching a record INR4,433 crores, surpassing INR4,000 crores for the first time. Industry box office grew 23% year-on-year, with English language cinema showing remarkable growth of 87%. PVR INOX benefited from this trend, alongside strong performance from Hindi films like ‘Hanuman Ansh’ and regional blockbusters. The company welcomed 46.3 million guests, a 4% increase, with occupancy rising to 30.4%. Average ticket price and F&B spend per head also increased by 14% year-on-year.
Expansion and Strategic Initiatives
For the first half of FY27, total income was INR3,775 crores (up 15%), EBITDA was INR705 crores (up 56%), and PAT was INR344 crores (up 233%). The company emphasized structural improvements post-merger, leading to enhanced return on capital employed. PVR INOX also repurchased debt, ending September with net cash of INR141 crores. Strategically, the company opened 24 new screens in 6 new cinemas in H1 and aims to open 90 to 100 new screens in FY27. The new ‘SMART Cinema’ format, designed for Tier 3 and Tier 4 markets, has been introduced, with plans to open two to three more this fiscal year.
Future Outlook
Looking ahead, PVR INOX anticipates continued momentum, supported by an exciting film slate and strategic initiatives. The company aims to further strengthen its balance sheet and capital allocation policy, prioritizing growth in new screens and premium formats. The management expressed confidence in building on the current performance and improving earnings and returns.
Source: BSE
