PVR-INOX | Business Upturn

PVR INOX launches three-screen multiplex at DLF Midtown Plaza, expanding to 1,802 screens

Business Desk — Mon, 23 Mar 2026 10:16:12 +0000

PVR INOX Limited, India’s largest multiplex chain, has unveiled a new three-screen multiplex at DLF Midtown Plaza in Moti Nagar, New Delhi. This strategic launch bolsters the company’s presence in the national capital and broadens its reach across North India. The multiplex, situated near affluent residential areas such as Punjabi Bagh, Kirti Nagar, and Rajouri Garden, aims to serve as a convenient entertainment hub for over 15,000 families.

The new cinema complex features three auditoriums with a total seating capacity of 414 seats, including premium recliner seating in the last two rows of each auditorium. Equipped with state-of-the-art projection systems, the multiplex offers sharp, vibrant visuals. The Dolby 7.1 surround sound system enhances the auditory experience, enveloping audiences in multidimensional sound. For 3D screenings, a next-generation 3D system offers exceptional depth and clarity.

Designed to transcend traditional cinema formats, the multiplex introduces hospitality-inspired social spaces that cater to West Delhi’s vibrant social culture. The lobby, styled as a lounge, features natural greenery, layered textures, and warm lighting, creating a welcoming environment. The cinema also includes two food and beverage counters, offering a variety of refreshments tailored to the local culinary culture. Seating clusters with armchairs and sofa-style seating provide comfortable waiting areas.

The interior design features metallic textures, wood-finish panels, and warm recessed lighting, creating a premium visual environment. Each auditorium has distinct colour themes in shades of green, blue, and gold, complemented by fabric-finished side walls and elegant cove lighting.

In addition to the cinema experience, the property plans to introduce a gaming and entertainment zone, further establishing it as a family-friendly destination.

Ajay Bijli, Managing Director of PVR INOX Limited, commented on the launch, stating that the new multiplex reflects the company’s commitment to strengthening its presence in key urban micro-markets. He emphasised the role of cinemas as social and cultural anchors within communities.

Sanjeev Kumar Bijli, Executive Director of PVR INOX Limited, added that the property is envisioned as a future-forward entertainment hub that integrates design, technology, and hospitality. He highlighted the company’s focus on transforming cinemas into vibrant cultural and social destinations.

With this opening, PVR INOX now operates 114 screens across 28 properties in Delhi and 486 screens across 103 properties in North India.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

PVR INOX opens Rs 4-screen multiplex in Agra, enhancing cinematic experience

Yash Agarwal — Fri, 20 Mar 2026 10:28:28 +0000

PVR INOX Limited has expanded its footprint in Agra with the launch of a 4-screen multiplex at Anjana Central, MG Road. This new cinema, developed under the Franchise Owned Company Operated (FOCO) model, features advanced technologies including RGB Laser projection, Dolby 7.1 sound system with HARMAN (JBL) speakers, and a next-generation 3D system.

With this opening, PVR INOX now operates the largest multiplex network in India and Sri Lanka, boasting 1,799 screens across 359 properties in 114 cities. The Agra multiplex, which opened with the film Dhurandhar: The Revenge, aims to blend the city’s rich heritage with premium cinematic standards.

The new venue is set to support Agra’s economic growth, aligning with the state’s $1 Trillion economic vision. It also aims to enhance the city’s cultural landscape by providing a high-end entertainment option for both residents and tourists. The multiplex offers a ‘social hub’ cinema experience with café-inspired interiors and a seamless spatial layout.

The project is designed to empower the local community, creating professional career paths in hospitality and technical management. PVR INOX’s FOCO model ensures that economic growth remains within the city by partnering directly with local business owners.

Mr. Pramod Arora, CEO – Growth & Investment at PVR INOX, stated, “Agra marks an important step in our expansion into emerging urban markets where audiences are increasingly seeking premium, experience-led entertainment. Through our FOCO model, we can combine strong local partnerships with PVR INOX’s world-class cinema expertise, bringing immersive technology, thoughtfully designed spaces, and elevated hospitality to the city.”

With this launch, PVR INOX operates 147 screens across 29 properties in Uttar Pradesh and 483 screens across 102 properties in North India, solidifying its position as the country’s largest film exhibition company.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

PVR Inox shares jump 4% after Nuvama reiterates Buy rating with a target price of Rs 1,765

Aman Shukla — Tue, 18 Mar 2025 04:00:21 +0000

Shares of PVR Inox Ltd. surged 4% after Nuvama Institutional Equities reiterated its Buy rating on the stock, setting a target price of ₹1,765. The bullish outlook comes as the cinema chain kicks off CY25 on a high note, driven by a resurgence in box office collections.

After a sluggish CY24, the first two months of the new year have seen an impressive 39% year-on-year (YoY) jump in box office revenues, reaching ₹22.64 billion. The standout performer, Chhaava, accounted for 53% of February’s box office earnings, underscoring that audiences remain eager for theatrical experiences when presented with compelling content. February 2025 also marked the highest-grossing February since the pandemic, with collections soaring to ₹12.45 billion.

The revival in the Hindi film industry has further fueled optimism, although analysts caution that a sustained performance is necessary for long-term growth. Moreover, recent promoter buying in PVR Inox, albeit in small quantities, is being viewed as a vote of confidence. With a strong Q4FY25 lineup and an exciting Hollywood slate in the pipeline, PVR Inox is well-positioned to capitalize on growing audience demand for theatrical releases.

Shares of PVR INOX opened at ₹920 on Tuesday, reaching a high of ₹944.25 and a low of ₹910.75 during the session. The stock remains under pressure, significantly below its 52-week high of ₹1,748, while staying above the 52-week low of ₹866.30.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

PVR Inox Q3 results: Revenue up 11% YoY to Rs 1,717.3 crore

Aditya Bhagchandani — Thu, 06 Feb 2025 08:34:30 +0000

PVR Inox Limited posted strong financial results for the third quarter ended December 31, 2024 (Q3 FY25), with significant improvements in profitability and revenue. The company’s revenue from operations increased by 11% year-on-year (YoY) to ₹1,717.3 crore, compared to ₹1,546 crore in the corresponding quarter of the previous year, driven by higher footfalls and strong content performance.

Net profit for the quarter surged to ₹36 crore from ₹13 crore in Q3 FY24, reflecting improved operational efficiency and better margins.

Key financial highlights for Q3 FY25:

Revenue from operations: ₹1,717.3 crore, up 11% YoY from ₹1,546 crore.
Net profit: ₹36 crore, compared to ₹13 crore in Q3 FY24.
EBITDA: ₹527.5 crore, up 12% from ₹472.3 crore YoY.
EBITDA margin: 31%, up from 30.5% YoY.
Total expenses: ₹1,712.8 crore, compared to ₹1,587.2 crore YoY, driven by higher exhibition and production costs.

The growth was attributed to strong content releases during the quarter, increased food and beverage sales, and efficient cost management. PVR Inox remains committed to expanding its presence and enhancing the cinema experience as it navigates post-pandemic recovery.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions.

PVR Inox shares turn red after reporting net loss of ₹12 crore in Q2 FY2024

Aditya Bhagchandani — Tue, 15 Oct 2024 07:55:09 +0000

Multiplex firm PVR Inox Ltd reported a consolidated net loss of ₹12 crore for the quarter ended September 30, 2024. This marks a significant decline compared to a net profit of ₹166 crore in the same period last year.

For the consolidated performance of PVR Inox in Q2 FY2024, here are the key financial metrics in crore:

Revenue from operations stood at ₹1,622.1 crore, down from ₹1,999.9 crore in Q2 FY2023.
Total income amounted to ₹1,663.9 crore, compared to ₹2,023.7 crore in the same quarter last year.
Profit before tax for the quarter was a loss of ₹14.7 crore, a major shift from the profit of ₹221.7 crore in Q2 FY2023.
Net loss after tax was ₹12.1 crore, compared to a net profit of ₹166.2 crore in the same quarter last year.
Total expenses increased to ₹1,678.6 crore in Q2 FY2024 from ₹1,802.0 crore in Q2 FY2023.

This challenging quarter for PVR Inox was attributed to weaker box office performance and fewer blockbuster releases, impacting the company’s overall financials. Following the results, the company’s shares turned red, reflecting investor concerns.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

PVR Inox reports ₹12.4 crore loss; Revenue falls to ₹1,532.7 crore in Q2 FY25

Aditya Bhagchandani — Tue, 15 Oct 2024 07:46:53 +0000

PVR Inox Ltd has announced its financial results for the second quarter of FY25, reporting a net loss of ₹12.4 crore, compared to a profit of ₹166.2 crore in the same quarter last year. The company’s revenue from operations also dropped to ₹1,532.7 crore, down from ₹1,935.3 crore in Q2 FY24.

Key Financial Highlights:
Revenue from Operations: ₹1,532.7 crore, down from ₹1,935.3 crore last year.
Net Profit/Loss: The company posted a net loss of ₹12.4 crore for Q2 FY25, compared to a profit of ₹166.2 crore in Q2 FY24.
Total Income: ₹1,573 crore, a decrease from ₹1,959.4 crore in the same period last year.
Total Expenses: ₹1,589.4 crore, down from ₹1,737.5 crore last year, due to reductions in movie exhibition costs and food and beverage consumption.
EBITDA Margins: PVR Inox’s operating performance saw a decline, with EBITDA margins coming under pressure due to lower revenues.
The company’s performance in this quarter was affected by lower movie releases and the postponement of several blockbusters. Despite the challenges, PVR Inox is focusing on future growth, including plans to close underperforming screens and add new ones, as well as efforts to transition to a capital-light model.

As of 12:43 PM, PVR Inox shares were trading 2.59% higher at ₹1,631.25 on NSE, driven by optimism around the company’s cost-cutting measures and strategic adjustments.

Disclaimer: The financial figures mentioned above are based on the standalone results of PVR Inox Ltd for Q2 FY25.

PVR Inox shares surge nearly 3% ahead of Q2 FY25 results

Aditya Bhagchandani — Tue, 15 Oct 2024 05:47:42 +0000

Shares of PVR Inox climbed by 2.59% to ₹1,631.25 as of 11:07 AM ahead of the company’s Q2 FY25 earnings announcement scheduled for today. The stock saw a high of ₹1,639.90 and a low of ₹1,596.65 during the morning session.

Stock Price Details:

Open: ₹1,601.00
High: ₹1,639.90
Low: ₹1,596.65
Previous Close: ₹1,590.00

PVR Inox is expected to share its financial performance for the September quarter (Q2 FY25). The company recently revealed plans to close 70 non-performing screens in FY25 and potentially monetise non-core real estate assets in prime locations like Mumbai, Pune, and Vadodara. This aligns with their strategy to drive profitable growth.

In September 2024, the multiplex operator also confirmed plans to add 120 new screens in FY25, with 40% of new additions focused on South India. Additionally, PVR Inox aims to transition to a capital-light growth model, reducing capex on new screen additions by 25-30% in the current fiscal year.

The company’s leadership, including Managing Director Ajay Kumar Bijli, has indicated a focus on becoming net-debt-free, further enhancing operational efficiency through strategic partnerships in a franchise-owned and company-operated (FOCO) model.

Previous Quarter Highlights (Q1 FY25):

Net Loss: ₹179 crore (compared to ₹82 crore in the year-ago period).
Consolidated Revenue: ₹1,190.7 crore, down from ₹1,304.9 crore in Q1 FY24.

This performance was impacted by the postponement of film releases due to general elections and a drop in blockbuster films during the quarter. However, the company expects improved performance in the remaining quarters of the fiscal year.

Devyani and PVR INOX form joint benture for mall food courts in India

Aman Shukla — Sat, 27 Jul 2024 09:44:03 +0000

In cooperation with PVR INOX, Devyani International announces the incorporation of a new unit, Devyani PVR INOX. In a recent exchange filing, the company shared, “Intimating entering into a Shareholders’ Agreement with PVR INOX Limited (“PVR INOX”), including proposed incorporation of a company, we hereby wish to inform that, a company namely ‘Devyani PVR INOX Private Limited’ has been incorporated on July 26, 2024, inter alia to undertake the business relating to development and operation of food courts situated within shopping malls in India.”

Devyani International Limited and PVR INOX Limited will hold Devyani PVR INOX’s share capital in the ratio of 51:49, as per the filing.

The goal of Devyani PVR INOX is to explore the opportunities for the long-term development and operation of food courts within Indian shopping malls.

Founded in 1991, Devyani International Limited is a major chain of quick-service restaurants (QSRs) operator in India. Meanwhile, on July 26, 2024, the NSE saw a 1.58% decrease in Devyani International shares, trading at Rs 176.50.

PVR Inox Q1 results: Average ticket prices up by 2.9% QoQ; net loss declines to Rs 44 crore

Adesh Dixit — Tue, 01 Aug 2023 13:09:48 +0000

The multiplex chain operator PVR Inox recorded a financial loss of 44.1 crore on Tuesday, down from a net profit of 68.3 crore in the same quarter last year.

However, the company’s net loss decreased from 285.7 crore in the prior quarter to a smaller amount this time around. Operating revenue climbed 31.7% in the first quarter of FY24, from 961.5 crore to 1,266.6 crore.

The company’s average ticket price increased QoQ from 239 to 246 by 2.9%.

Spending per person, meanwhile, increased 9.2% to 130 from 119 in the previous quarter. April brought a slow start to the quarter with few Hindi film releases.

The Hindi Box Office has demonstrated a gradual decrease in QoQ volatility, along with improved performance of mid-scale Hindi movies, indicating a growing hunger for new Hindi material among the public. Ajay Bijli, the managing director of PVR INOX, stated, “We firmly think that as the remainder of the year goes on, we will see an increasing trend of Box Office across all genres.

The quarter had an 11% sequential rise in admissions, reaching 33.9 million admissions. Spending on food and beverages per person climbed by 9% and by 3% on average. Driven by solid operational performance, food and beverage revenues climbed by 22% and ticket sales by 15% quarter over quarter. The amount of advertising revenue in Q1FY24 was nearly the same as in Q4FY23.

The corporation expressed optimism about the “robust content line up across all languages” for FY24.

PVR INOX opened 31 new screens in 5 theaters throughout the quarter. In keeping with our emphasis on profitable growth, it exited 14 underperforming screens across 4 theaters.

As of today, the company has 1,707 screens spread among 361 theaters in 114 locations in India and Sri Lanka, including 38 management screens.

On Tuesday, PVR Inox’s share price on the BSE finished 0.51% higher at 1,565.00 per share.