PVR Inox Q1 Results: Shares gain as multiplex operator swings to profit, margins expand

Shares of PVR Inox gained as much as 3.5% on Thursday, July 23, after the multiplex operator reported a return to profitability for the June quarter, aided by higher revenues and improved operating performance.

The company posted a consolidated net profit of ₹56.5 crore for the quarter ended June, compared with a net loss of ₹54.5 crore in the corresponding period last year.

Revenue from operations rose 11.9% year-on-year to ₹1,622 crore from ₹1,450 crore. Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) increased 30.8% to ₹528 crore from ₹403.5 crore a year ago, while EBITDA margin expanded to 32.5% from 27.8%.

Speaking to CNBC-TV18 after the earnings announcement, Managing Director Ajay Bijli said the company's June-quarter performance came despite the absence of any blockbuster movie releases, with regional films and a broader recovery in out-of-home entertainment driving growth.

He added that the momentum is no longer limited to movies, as consumers increasingly seek out-of-home entertainment experiences.

Bijli said PVR Inox is positioning itself as a broader out-of-home entertainment destination and expects non-movie content to contribute about 3% of sales this year, up from 1.5% last year.

He also expressed optimism about the upcoming release slate, saying the Independence Day weekend is expected to provide a significant boost to cinema footfalls. Highlighting the success of live screenings, he said the FIFA Club World Cup generated an average ticket price of over ₹400, with attendance crossing 60,000 people.

Separately, PVR Inox's board approved the appointment of Shuva Mandal as an additional director in the capacity of an independent director for a five-year term, subject to shareholders' approval.

The board also took note of the resignation of independent director Dinesh Kanabar, who stepped down to rationalise his professional and board commitments.

Shares of the company jumped as much as 3.5% following the result announcement and were trading at ₹1,011.05 as of 12.45 pm, still up 1.85%. The stock has gained nearly 9% in the last six months, but remains negative so far in 2026.

This is breaking news and will be updated with more.