The company posted a consolidated net profit of ₹56.5 crore for the quarter ended June, compared with a net loss of ₹54.5 crore in the corresponding period last year.
Revenue from operations rose 11.9% year-on-year to ₹1,622 crore from ₹1,450 crore. Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) increased 30.8% to ₹528 crore from ₹403.5 crore a year ago, while EBITDA margin expanded to 32.5% from 27.8%.
The multiplex operator also highlighted a significant improvement in its balance sheet, turning net cash positive for the first time since the PVR-INOX merger. As of June 30, it had a net cash position of ₹807 million, compared with net debt of ₹14.3 billion at the time of the merger, which it said provides flexibility to pursue its capital-light expansion strategy.
Highlighting the company’s improved financial position, Managing Director Ajay Bijli said, “Q1 FY’27 reflects the structural strength we have built over the last three years. The industry delivered broad-based growth, our operating metrics improved across the board, and the Company is now Net Cash positive.”
He added that with a diverse content slate and a capital-light expansion strategy, the company remains focused on driving footfalls and creating long-term shareholder value.
PVR Inox remains on track to add 90-100 new screens during FY27, largely through asset-light formats.
The company said India’s box office collections grew 20% year-on-year during the June quarter, with growth broad-based across metros and Tier-II and Tier-III markets, driven by a wider slate of successful mid-budget films across languages. Regional cinema and Hollywood titles outperformed, while Hindi films remained resilient despite the absence of blockbuster releases.
PVR Inox recorded 36.6 million admissions during the quarter, an 8% increase from a year ago. Average ticket prices rose 8% to ₹273, while average food and beverage spend per head increased 9% to ₹161, helping ticket sales rise 16% and F&B revenue grow 17% year-on-year. EBITDA margin expanded to 14% from 8.2% a year earlier, aided by operating leverage.
Speaking to CNBC-TV18 after the earnings announcement, Managing Director Ajay Bijli said the company’s June-quarter performance came despite the absence of any blockbuster movie releases, with regional films and a broader recovery in out-of-home entertainment driving growth.
He added that the momentum is no longer limited to movies, as consumers increasingly seek out-of-home entertainment experiences.
Bijli said PVR Inox is positioning itself as a broader out-of-home entertainment destination and expects non-movie content to contribute about 3% of sales this year, up from 1.5% last year.
He also expressed optimism about the upcoming release slate, saying the Independence Day weekend is expected to provide a significant boost to cinema footfalls. Highlighting the success of live screenings, he said the FIFA Club World Cup generated an average ticket price of over ₹400, with attendance crossing 60,000 people.
Separately, PVR Inox’s board approved the appointment of Shuva Mandal as an additional director in the capacity of an independent director for a five-year term, subject to shareholders’ approval.
The board also took note of the resignation of independent director Dinesh Kanabar, who stepped down to rationalise his professional and board commitments.
Looking ahead, management said the content pipeline for the remainder of FY27 remains strong across Hindi, regional and Hollywood cinema, with titles such as Ramayana Part 1, King, Love and War, Mirzapur – The Movie, Spider-Man: Brand New Day and Avengers: Doomsday expected to support theatrical demand.
Shares of the company jumped as much as 3.5% following the result announcement and were trading at ₹1,011.05 as of 12.45 pm, still up 1.85%. The stock has gained nearly 9% in the last six months, but remains negative so far in 2026.
