PVR INOX posts Q3 profit despite mixed film performance
PVR INOX Limited, India’s largest cinema chain, reported a net profit of ₹68.1 crore for the quarter ended December 31, 2024, driven by record-breaking ticket prices and food & beverage sales. The company’s revenue reached ₹1,738.8 crore, with EBITDA of ₹258.3 crore during the quarter.
The shares of PVR INOX Limited were trading at ₹1,123.05 down by ₹9.35 or 0.83 per cent on the NSE today at 3.20 pm.
The quarter saw the highest-ever average ticket price of ₹281 and spending per head of ₹140. Advertising revenue hit a post-pandemic high of ₹148.6 crore. The company welcomed 3.73 crore patrons during the quarter.
The Telugu film Pushpa 2 emerged as the biggest contributor, accounting for 36 per cent of Q3’s India box office collections. The Hindi dubbed version of the film grossed over ₹9,000 crore, setting a new record for the highest-grossing Hindi film.
PVR INOX continued its expansion, adding 11 new screens across two properties during the quarter. The company has also signed agreements for 100 new screens under its new ‘Capital Light’ growth model, comprising 31 screens under management contracts and 69 under the asset-light model.
The cinema operator has successfully reduced its net debt by ₹434.6 crore since March 2023, bringing it down to ₹995.8 crore as of December 2024. The company currently operates 350 cinemas with 1,728 screens across 111 cities in India and Sri Lanka.
