PVR INOX reported robust Q3 FY26 results, driven by record box office collections. Revenue reached INR 19,077 mn, with an EBITDA of INR 3,435 mn and PAT of INR 1,149 mn. The company served 40.5 mn patrons, demonstrating strong post-pandemic recovery. Lowest Net Debt since merger at INR 3,652 mn, a reduction of 74%.
Q3 FY26 Financial Highlights
PVR INOX announced its results for the quarter ended December 31, 2025, showcasing significant financial achievements:
- Revenue: INR 19,077 mn
- EBITDA: INR 3,435 mn
- PAT: INR 1,149 mn
- Patronage: 40.5 mn, a 8.6% year-over-year growth
- Average Ticket Price (ATP): INR 293, a 4.1% year-over-year growth
- Average F&B Spend per Head: INR 146, a 4.2% year-over-year growth
The company also achieved its lowest net debt since the merger, standing at INR 3,652 mn, reflecting a 74% reduction.
9-Month Performance Highlights
The company’s performance over the nine months ending December 31, 2025, also reflects strong growth:
- Highest post-pandemic revenue, EBITDA, and PAT: Revenue reached INR 52,388 mn, EBITDA at INR 7,849 mn, and PAT at INR 2,078 mn.
- Highest post-pandemic admits: 119 mn, up 11.8% year-over-year.
- Average Ticket Price: INR 271, up 4.5% year-over-year.
- Average F&B Spend per Head: INR 143, up 4.1% year-over-year.
Expansion and Operations
PVR INOX continues to expand its reach with 20 new screen openings during the quarter. As of the announcement, PVR INOX operates 358 cinemas with 1,791 screens across 112 cities.
Industry Overview
Calendar year 2025 marked a historic period for the Indian theatrical industry, with total box office collections reaching INR 13,395 crore, which represents a 32% increase over pre-pandemic levels.
Debt Reduction
As of December 31, 2025, PVR INOX’s net debt stood at INR 3,652 mn, marking the lowest since the merger.
Strategic Divestment
The company concluded the divestment of its entire stake in 4700BC premium snacking brand to Marico for ₹226.8 crore.
Capital-Light Expansion
The company added 20 screens and exited 3 underperforming screens. The Company now has 149 screens signed of which 54 screens are under FOCO model and 95 screens under the Asset-light model.
Source: BSE
