PVR Inox Q2 Profit Rises 149% On Box Office, Higher Ticket Prices
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PVR Inox Q2 Profit Rises 149% On Box Office, Higher Ticket Prices

PVR Inox Profit Falls 20% Despite Revenue Jump In Q3 FY24

PVR Inox’s September-quarter revenue rises 16.9 per cent to Rs 2,105 crore, while India’s box-office collections cross Rs 4,000 crore for the first time, driven partly by strong Hollywood releases

PVR Inox reported a sharp improvement in its consolidated earnings for the September quarter of FY27, with net profit surging nearly 149 per cent year-on-year to Rs 263 crore, compared with Rs 106 crore in the corresponding period last year.

The Indian box-office market registered a 23 per cent year-on-year increase in gross collections to Rs 4,443 crore in Q2 FY27, against Rs 3,604 crore a year earlier. For the first time, quarterly box-office collections exceeded Rs 4,000 crore, with the industry sustaining growth of more than 20 per cent for the second consecutive quarter.

PVR Inox’s revenue from operations rose 16.9 per cent to Rs 2,105 crore from Rs 1,800 crore in Q2 FY26. Earnings before interest, tax, depreciation and amortisation (Ebitda) increased 25.2 per cent to Rs 770 crore, while the Ebitda margin improved to 36.6 per cent from 34.2 per cent a year ago.

The latest performance follows a 20 per cent rise in box-office collections in Q1 FY27. In Q2 FY26, the industry had recorded 14 per cent growth, with collections reaching Rs 3,154 crore.

Hollywood releases played a significant role in driving box-office growth during the September quarter. Collections from English-language films jumped 87 per cent year-on-year to Rs 1,024 crore, crossing the Rs 1,000-crore threshold for the first time in a single quarter. Spider-Man: Brand New Day led the segment with Rs 608 crore in Indian box-office collections, becoming the highest-grossing English-language film in the country.

Dubbed versions contributed around 36 per cent of its domestic collections, highlighting the reach of Hollywood releases beyond major metropolitan markets.

Movie Remains PVR INOX’s Core Revenue Driver
Movie exhibition continued to account for the bulk of PVR INOX’s business, with segment revenue rising to Rs 2,104.1 crore in Q2 FY27 from Rs 1,803.7 crore in the year-ago quarter. The multiplex operator’s total screen count increased 2.3 per cent year-on-year to 1,797 at the end of September. Its weighted average screen count, excluding screens operated under management and franchise arrangements, grew 1 per cent to 1,717.

Revenue from movie ticket sales rose 18 per cent to Rs 1,160.4 crore, while food and beverage revenue increased 18.3 per cent to Rs 668.2 crore. Convenience fee income registered a 25 per cent increase to Rs 84.5 crore.

PVR INOX’s total income grew 17.3 per cent year-on-year to Rs 2,132.7 crore during the quarter, compared with Rs 1,818.7 crore in Q2 FY26.

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