PVR INOX Limited, the largest cinema chain in India, reported a net profit of ₹68.1 crore for the quarter ending on December 31, 2024, fueled by record-breaking ticket prices and strong sales in food & beverage. The company’s revenue stood at ₹1,738.8 crore, with EBITDA reaching ₹258.3 crore during the same period.
On the NSE, shares of PVR INOX Limited were trading at ₹1,123.05, down by ₹9.35 or 0.83 per cent at 3.20 pm today.
The quarter marked a milestone with the highest-ever average ticket price of ₹281 and a spending per head of ₹140. Advertising revenue also reached a post-pandemic high of ₹148.6 crore, as the company welcomed 3.73 crore patrons during the quarter.
The Telugu film Pushpa 2 was the standout performer, contributing 36 per cent of the India box office collections in Q3. The Hindi dubbed version of the film grossed over ₹9,000 crore, setting a new record for the highest-grossing Hindi film.
PVR INOX’s expansion continued with the addition of 11 new screens across two properties in the quarter. The company has also inked agreements for 100 new screens under its ‘Capital Light’ growth model, including 31 screens under management contracts and 69 under the asset-light model.
The company successfully reduced its net debt by ₹434.6 crore since March 2023, bringing it down to ₹995.8 crore as of December 2024. PVR INOX currently operates 350 cinemas with 1,728 screens across 111 cities in India and Sri Lanka.
Published on February 6, 2025.
