Cinema VinesPVR INOX, India’s leading multiplex operator, announced a remarkable turnaround in the first quarter of fiscal 2027, reporting a profit after tax of ₹56.5 crore compared to a ₹54 crore loss in the same period last year. The company’s consolidated revenue grew 10.4 percent year‑on‑year, rising to ₹1,622.2 crore from ₹1,469 crore a year earlier.
The results come as the country’s theatrical business rebounded strongly, with total box‑office collections up 20 percent year‑on‑year during the quarter. PVR INOX attributed its performance to a balanced slate of Hindi, regional and Hollywood releases. Hindi titles such as Bhoot Bangla, Cocktail 2 and Main Wapas Aunga drew large audiences, while regional hits like Raja Shivaji (Marathi), Drishyam 3 (Malayalam) and Karuppu (Tamil) delivered solid growth. Hollywood films, including non‑franchise titles Project Hail Mary, Michael and Obsession, also attracted cinema‑goers.
Admissions climbed 8 percent to 36.6 million, and the average ticket price rose to ₹273, an 8 percent increase from the previous year. Spend per head grew 9 percent to ₹161, pushing ticket revenue up 16 percent and food‑and‑beverage sales up 17 percent. EBITDA surged 90 percent to ₹229.6 crore, with margins expanding from 8.2 percent to 14 percent thanks to stronger operating leverage.
In a notable financial milestone, the company ended the quarter with ₹80.7 crore in net cash, turning net cash positive for the first time. Managing Director Ajay Bijli praised the company’s operational gains, noting that “the industry delivered broad‑based growth, our operating metrics improved across the board, and the company is now net cash positive. With a diverse content slate ahead and a capital‑light expansion model, our focus remains on delighting consumers, driving footfalls and creating enduring value for our shareholders.”
Following the announcement, PVR INOX shares rose 5.5 percent to ₹1,047.85 on the Bombay Stock Exchange, reflecting investor confidence in the chain’s return to profitability.
