PVR Inox's net profit surged 149% year-on-year in the second quarter of the financial year 2026-27, reaching ₹263 crore. This growth was primarily due to gains in movie exhibition revenue during the July to September period. The company’s strong performance has positively impacted its share price and market position.
- Net profit increased by 149% to ₹263 crore in Q2 FY27.
- Revenue from core operations rose 17% year-on-year to ₹2,105 crore.
- Movie exhibition revenue grew 16.6% to ₹2,104 crore.
- Operating profit (EBITDA) improved 25% to ₹769 crore.
- EBITDA margins expanded by 239 basis points to 36.54%.
- Cinema occupancy rates increased to 46.3 million people.
- Average ticket price was ₹298 during the quarter.
- PVR Inox operated 1,797 screens across 114 cities as of September 30, 2026.
How did PVR Inox perform financially in Q2 FY27?
PVR Inox reported a consolidated net profit of ₹263 crore for the quarter ending September 2026, marking a 149% increase compared to ₹106 crore in the same quarter the previous year. The company’s revenue from core operations also rose by 17% to ₹2,105 crore, up from ₹1,800 crore a year earlier. This growth was supported mainly by the movie exhibition segment, which contributed ₹2,104 crore, a 16.6% increase year-on-year.
What factors contributed to the revenue growth?
The key driver behind PVR Inox’s revenue growth was the movie exhibition business, which saw a significant rise in earnings. Additionally, the movie production and distribution segment grew by 8.5% during the quarter. The company’s improved cinema occupancy rates and higher average ticket prices also played a role in boosting revenue.
How did operating profit and margins change?
PVR Inox’s operating profit, measured as earnings before interest, tax, depreciation, and amortisation (EBITDA), increased by 25% to ₹769 crore. The EBITDA margin expanded by 239 basis points to 36.54%, indicating improved profitability compared to the 34.15% margin in the previous year’s quarter.
What changes occurred in cinema attendance and ticket pricing?
The company reported a 4% year-on-year increase in cinema occupancy, with 46.3 million people attending screenings during the quarter. The average ticket price was ₹298, contributing to the overall revenue growth and improved margins.
How extensive is PVR Inox’s cinema network?
As of September 30, 2026, PVR Inox operated 1,797 screens across 114 cities in India and Sri Lanka. This wide network supports the company’s strong market presence and revenue generation capabilities.
What did company leadership say about the results?
Ajay Bijli, Managing Director of PVR Inox, stated that the company’s margins are now well above pre-COVID levels, reflecting a structurally stronger business. He highlighted the generation of significant free cash flow, completion of the company’s first share buyback, and a strong balance sheet as positive indicators for the company’s financial health.
How has PVR Inox’s stock performed recently?
Following the Q2 earnings announcement, PVR Inox shares rose 3.6% to an intraday high of ₹1,518. Over the past year, the stock has gained 27%, and year-to-date in 2026, it has increased by 48%. Despite a decline of over 9% in the last five years, recent performance shows a positive trend. The company’s market capitalization stood at ₹14,230 crore as of October 28, 2026.
