PVR INOX Q4 Results: Film Releases Help Company Rebound to Profitability

March-quarter earnings improved significantly for PVR INOX as major releases like Dhurandhar, The Revenge, Border 2, and Project Hail Mary drew strong box office numbers.

The multiplex operator posted a consolidated net profit of ₹187 crore for Q4 FY26, compared with a loss of ₹125 crore recorded during the same period last year.

Despite decent financials, on 11 May 2026, PVR INOX shares closed at ₹1,023, down 4.73% on the National Stock Exchange.

Revenue Climbs 26% In March Quarter

The company’s revenue from operations rose 26% year-on-year to ₹1,547 crore during the quarter ended March 2026. In the corresponding quarter of the previous financial year, revenue stood at ₹1,230 crore.

PVR INOX said stronger theatre footfalls, higher ticket pricing, and improved food and beverage sales supported overall performance during the quarter.

The company reported total admissions of around 31 million viewers during the quarter, slightly higher than last year. Average ticket prices also increased significantly to ₹315, while spend per head climbed to ₹165.

According to the company, ticket sales grew 27% year-on-year, while food and beverage revenue rose 33%. Advertisement income also improved during the quarter.

Stake Sale Adds Exceptional Gain

During the quarter, the company exited its stake in Zea Maize Private Limited.

PVR INOX sold its entire holding in the subsidiary for ₹222 crore. The company stated that the difference between the sale consideration and the carrying value of assets resulted in an exceptional gain of nearly ₹195 crore in the consolidated results.

Cinema Expansion Continues

The multiplex chain continued adding screens across cities during the quarter.

PVR INOX opened 31 new screens across multiple cinema properties under different operating models. As of 31 March 2026, the company operated 359 cinemas with 1,798 screens spread across 113 cities.

At the operating level, EBITDA for the quarter rose to ₹528 crore from ₹348 crore a year earlier.

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FY26 Performance

For the full financial year, PVR INOX reported its highest-ever annual revenue, EBITDA, and profit after tax.

The company posted annual revenue of ₹6,743 crore, EBITDA of ₹968 crore, and profit after tax of ₹387 crore for FY26.

Management said cinemas witnessed strong audience turnout during the year, with nearly 150 million moviegoers visiting theatres across its network.

Sources:

The Economic Times

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