PVR INOX (PVRINOX) Q1 25/26 earnings summary

Executive summary

• Q1 FY2026 saw strong box office performance, with Bollywood collections up 38% and Hollywood up 72% year-on-year, driven by successful titles and less reliance on blockbusters.

• Achieved 23.1% year-over-year revenue growth, with robust box office and F&B sales, and highest ever spend per head.

• Net loss narrowed significantly, reflecting improved operational efficiency and cost discipline.

• Board approved unaudited standalone and consolidated financial results for Q1 ended June 30, 2025, with no material misstatements identified by auditors.

• Advertising revenue hit INR 110 crore, the highest post-pandemic, up 17% year-on-year.

Financial highlights

• Total revenue for the quarter was INR 1,488 crore (INR 14,879 Mn), EBITDA was INR 114 crore (INR 1,141 Mn), and PAT loss narrowed to INR 34 crore (INR -335 Mn), with all key operating metrics registering strong year-on-year growth.

• Standalone revenue from operations for Q1 FY26 was ₹13,729 million, up from ₹11,373 million in Q1 FY25; consolidated revenue was ₹14,691 million, up from ₹11,907 million.

• Standalone net loss after tax for Q1 FY26 was ₹512 million, compared to ₹1,762 million in Q1 FY25; consolidated net loss after tax was ₹540 million, compared to ₹1,787 million.

• Sale of movie tickets grew 22.7%, F&B sales up 22.4%, and advertisement income rose 17.3% year-on-year.

• Other operating income surged 57% due to higher film distribution and management fees.

Outlook and guidance

• A robust content pipeline is expected to drive strong audience traction and healthy footfalls in upcoming quarters.

• Management remains optimistic about surpassing FY2024 footfall levels, with July already showing record admissions.

• CapEx guidance for FY2026 remains at INR 400–425 crore, with 90–100 new screens planned.