PVR INOX Limited achieved its best-ever financial performance in FY2025-26, reporting a record revenue of INR 67,426 Mn. The company saw significant growth with EBITDA doubling to INR 9,680 Mn and a turnaround to profitability with a PAT of INR 3,868 Mn. Driven by consistent theatrical demand and a strategic shift toward capital-light expansion, the company significantly strengthened its balance sheet, achieving a negligible net debt level of INR 1,619 Mn.
Financial Performance Highlights
PVR INOX delivered a stellar performance for the fiscal year ending March 31, 2026. The company reported its highest-ever Revenue of INR 67,426 Mn, marking a 16% growth compared to the previous year. Profitability saw a massive boost, with EBITDA doubling to INR 9,680 Mn and PAT reaching INR 3,868 Mn, a significant turnaround from the loss reported in FY2025.
For the fourth quarter (Q4, Jan-Mar 2026), revenue surged by 25% year-on-year to INR 15,778 Mn, with the EBITDA margin improving to 10.7% compared to 2.3% in the same period last year.
Operational Milestones and Screen Growth
The company continues to expand its footprint with a total of 1,798 screens across 113 cities. Key operating metrics showed strong improvement, with admissions increasing by 9.6% to 150.1 million for the full year. Both the Average Ticket Price (ATP) and F&B Spend per Head (SPH) reached record highs of INR 280 and INR 147, respectively.
Strategic Shift to Capital-Light Model
PVR INOX has successfully executed its growth strategy, with 55% of new screen additions now following a ‘Capital-Light’ (FOCO or Asset Light) model. This shift has resulted in a 24% year-on-year reduction in capital expenditure intensity. The company’s future pipeline remains robust, with 138 screens and 34 cinemas currently signed under this optimized growth strategy.
Balance Sheet Strengthening
The company has achieved a major milestone in financial stability by reducing its net debt to a negligible INR 1,619 Mn as of March 31, 2026. This represents a reduction of approximately 90% since the merger, positioning the company with a strong balance sheet for future opportunities and sustainable growth.
Source: BSE
