PVR INOX Limited Swings to Q1 FY27 Net Profit of ₹565 Million; Revenue Rises 11.9% YoY to ₹16,222 Million

India's leading multiplex operator PVR INOX Limited (BSE: 532707; NSE: PVRINOX) today announced its unaudited consolidated financial results for the first quarter of Financial Year 2026-2027 (Q1 FY27) ended June 30, 2026.

Driven by strong box office performance and improved occupancy across its cinema network, the company staged a complete turnaround, returning to profitability from a net loss position in the corresponding quarter of the previous financial year.

Key Financial Highlights

Revenue from Operations: Stood at ₹16,222 million (₹1,622.2 crore) for Q1 FY27, reflecting an 11.91% YoY growth compared to ₹14,496 million in Q1 FY26 and a 4.84% QoQ expansion over ₹15,473 million in Q4 FY26.

Total Income: Reached ₹16,483 million, supported by ₹261 million in other income, up from ₹14,817 million in Q1 FY26.

Profit Before Tax (PBT): Reported at ₹757 million from continuing operations, marking a significant turnaround from a loss before tax of ₹632 million in Q1 FY26 and a 205.24% sequential surge over ₹248 million in Q4 FY26.

Net Profit After Tax (PAT): Net profit from continuing operations came in at ₹565 million (₹56.5 crore), compared to a net loss of ₹474 million in Q1 FY26 and ₹150 million in Q4 FY26.

Total Comprehensive Income: Stood at ₹557 million, compared to a loss of ₹560 million in Q1 FY26.

Earnings Per Share (EPS): Basic and diluted EPS from continuing operations for the quarter stood at ₹5.75 and ₹5.73 per equity share respectively (face value of ₹10/- each), up from a negative EPS of ₹(4.84) in Q1 FY26.

Operational Expenditure Summary

Total expenses for Q1 FY27 came in at ₹15,727 million, compared to ₹15,448 million in Q1 FY26 and ₹15,990 million in Q4 FY26.

Movie Exhibition Cost: Stood at ₹3,459 million, compared to ₹2,804 million in Q1 FY26.

Consumption of Food & Beverages: Accounted for ₹1,180 million, up from ₹1,118 million in Q1 FY26.

Employee Benefits Expense: Stood at ₹1,769 million, compared to ₹1,626 million in Q1 FY26.

Depreciation & Amortisation: Controlled at ₹3,145 million, down sequentially from ₹3,305 million in Q4 FY26.

Finance Costs: Reduced to ₹1,645 million, down 13.96% YoY compared to ₹1,912 million in Q1 FY26.

Other Expenses: Stood at ₹4,083 million.

Segment Performance

1. Movie Exhibition

Segment Revenue: Reached ₹16,141 million, compared to ₹14,127 million in Q1 FY26.

Segment Profit: Recorded a profit of ₹685 million, rebounding from a loss of ₹685 million in Q1 FY26.

Segment Assets: Stood at ₹145,902 million.

2. Movie Production & Distribution

Segment Revenue: Came in at ₹592 million, compared to ₹1,228 million in Q1 FY26.

Segment Profit: Stood at ₹72 million, up from ₹53 million in Q1 FY26 and ₹29 million in Q4 FY26.

Tax Expense & Capital:

Total tax expense from continuing operations for Q1 FY27 stood at ₹192 million (comprising current tax of ₹12 million and deferred tax of ₹180 million).

The paid-up equity share capital of PVR INOX Limited remained unchanged at ₹982 million (face value of ₹10/- per share). Total reserves and other equity stood at ₹72,805 million.

Q1 FY'27 marked a strong start to the year. India's total box office collections grew 20% year on year this quarter, with growth broad-based - across metros as well as Tier II and Tier III markets, across a wider set of successful mid-scale films, and across languages. We believe this is a healthier and more sustainable way for the industry to grow. The strength we are seeing in India is also visible globally - North American box office is running 14% ahead of last year at $4.8 billion for the first half of 2026, its second-best firsthalf performance since 2019 - reaffirming that theatrical-first remains the release model of choice for filmmakers everywhere.

The quarter saw strong performances across languages. Hindi cinema held its ground with titles like Bhoot Bangla, Cocktail 2 and Main Wapas Aunga, while it was regional and Hollywood content that drove the outperformance. Hollywood found success from non-franchise titles such as Project Hail Mary, Michael and Obsession. Regional cinema delivered multi-fold growth on the back of strong local content such as Raja Shivaji in Marathi, Drishyam 3 in Malayalam and Karuppu in Tamil, amongst others.

During the quarter, the Company recorded 36.6 mn admissions (YoY growth of 8%) with an ATP of INR 273 (YoY growth of 8%) and SPH of INR 161 (YoY growth of 9%). This led to a 16% increase in ticket sales and a 17% rise in Food & Beverage sales compared to the same period last year. EBITDA rose 90% to INR 2,296 mn, with margins expanding from 8.2% to 14.0% driven by strong operating leverage. PAT for the quarter stood at INR 705 mn against a loss of INR 335 mn in Q1 FY'26.

Sustained free cash flow generation and disciplined capital allocation have transformed the balance sheet. From a net debt of INR 14,304 mn at the time of the merger, the Company turned Net Cash positive during the quarter, with net cash of INR 807 mn 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 remains on track to open 90-100 new screens during FY'27, weighted towards asset-light formats.

Looking ahead, the content pipeline for the remainder of FY'27 remains highly encouraging, with a strong mix of franchise films, star-led tentpoles and content-driven titles across languages. On the Hindi front, the slate includes anticipated titles such as Ramayana Part 1, King, Love and War, Drishyam 3, Awarapan 2, Mirzapur - The Movie and Haiwaan. Regional cinema continues to present a compelling theatrical slate, led by marquee titles such as Jana Nayagan, Toxic, Jailer 2, Khalifa and Sardar 2. Hollywood is expected to provide further momentum, with major releases such as Spider-Man: Brand New Day, Avengers: Doomsday, Dune: Part Three, The Hunger Games: Sunrise on the Reaping and Jumanji: Open World, many of them releasing in premium large-screen formats. The depth, diversity and scale of this pipeline give the Company strong confidence in the theatrical outlook for the rest of FY'27.

Commenting on the results and performance, Mr. Ajay Bijli, Managing Director, PVR INOX Ltd., said, "Q1 FY'27 reflects the structural strength we have built over the last three years. The industry delivered broadbased growth, our operating metrics improved across the board, and the Company is now Net Cash positive. With a diverse content slate ahead and a capital-light expansion model, our focus remains on delighting consumers, driving footfalls and creating enduring value for our shareholders."

Shares of PVR INOX Limited was last trading in BSE at Rs. 1009.05 as compared to the previous close of Rs. 992.95. The total number of shares traded during the day was 100814 in over 3220 trades.

The stock hit an intraday high of Rs. 1047.85 and intraday low of 980.80. The net turnover during the day was Rs. 102440756.00.

Source : Equity Bulls

Keywords

PVRINOX INE191H01014 Q1FY27 Q1FY2027 ResultUpdate