PVR INOX reported its strongest results in two years for the quarter ended September 30, 2025. Key highlights include record revenue of ₹18.43 billion, highest-ever admissions, and a significant reduction in net debt. The company is optimistic about future growth, driven by a strong content pipeline and consumer engagement initiatives. The company also announced the addition of 22 new screens during the quarter. The outlook remains positive.
Financial Performance Highlights
PVR INOX announced exceptional financial results for the second quarter of fiscal year 2026 (Q2 FY’26), marking a period of significant recovery and growth. The company achieved its highest revenue, EBITDA, and PAT in the last two years:
- Revenue: ₹18.43 billion
- EBITDA: ₹3.27 billion
- PAT: ₹1.26 billion
These figures exclude the impact of Ind AS 116 ‘Leases’.
Admissions and Key Metrics
The company also reported strong operational performance, reflecting increased consumer demand:
- Highest Admissions: 44.5 million, a 15% year-over-year growth
- Average Ticket Price (ATP): ₹262, a 2% year-over-year growth
- F&B Spend per Head (SPH): ₹134
First Half (H1 FY’26) Performance
The positive momentum from Q2 contributed to a strong first half for PVR INOX, with the following highlights:
- Revenue: ₹33.31 billion
- EBITDA: ₹4.41 billion
- PAT: ₹929 million
The company recorded its highest admissions in the last two years during the first half at 78.5 million with a 13% year-over-year growth.
Debt Reduction and Expansion
PVR INOX has significantly reduced its net debt to ₹6.188 billion, the lowest level since the merger, marking a 57% reduction. During the quarter, the company added 22 new screens and exited 8, with 132 screens signed under the capital-light model.
Box Office Success and Content Strategy
The Indian box office experienced a 15% growth in H1, driven by a diverse slate of films. In Q2 alone, 12 films crossed the ₹100 crore mark. Bollywood and Hollywood both delivered strong performances, with regional cinema also contributing significantly to the overall success. The company is passing the benefit of reduced GST rates on tickets priced below ₹100 to consumers.
Source: BSE
