PVR INOX (PVRINOX) Q1 26/27 earnings summary

Executive summary

• Revenue grew 12% year-over-year to INR 16,423 Mn, with EBITDA up 90% and PAT margin improving to 4.3%.

• Achieved a net cash positive position for the first time, with net debt at -INR 807 Mn as of June 30, 2026.

• Box office performance in India outpaced global growth, with a 20% YoY increase and strong contributions from Hindi, English, and regional films.

• Un-audited standalone and consolidated financial results for the quarter ended June 30, 2026, were approved and reviewed by the Audit Committee and Board of Directors.

• Appointment of Mr. Shuva Mandal as Independent Director for five years, and resignation of Mr. Dinesh Hasmukhrai Kanabar as Independent Director, with Board committee reconstitutions.

Financial highlights

• Sale of movie tickets rose 15.9% YoY, food & beverage sales up 16.7%, and convenience fees up 28.7%.

• Standalone revenue from operations for Q1 FY27 was Rs. 15,825 million, up from Rs. 13,729 million in Q1 FY26.

• Consolidated revenue from operations for Q1 FY27 was Rs. 16,222 million, up from Rs. 14,496 million in Q1 FY26.

• PAT from continuing operations reached INR 705 Mn, reversing a loss of INR 335 Mn YoY.

• Admits increased 8% YoY to 36.6 Mn, with occupancy at 25.3%.

Outlook and guidance

• On track to open 90-100 new screens in FY'27, with a focus on asset-light models and regional expansion.

• Robust content pipeline for upcoming quarters, including major Hindi, regional, and Hollywood releases.

• No explicit forward-looking guidance provided; management continues to focus on core theatrical exhibition and allied activities.