Cineline India has announced its audited financial results for the quarter and financial year ended March 31, 2026, marking a decisive return to profitability. The company recorded a net profit (PAT) of ₹1,152 lakhs for the full year, reversing a net loss of ₹6,064 lakhs in the previous year. Revenue from operations for the year grew 12% year-on-year to ₹23,670 lakhs from ₹21,062 lakhs. The Board of Directors recommended a final dividend of ₹1.25 per equity share for FY26, subject to shareholder approval, with a total dividend payout aggregating to ₹428.33 lakhs.

Financial Performance Overview

For the quarter ended March 31, 2026, the company posted a PAT of ₹332 lakhs, reversing a net loss of ₹5,601 lakhs in the same quarter of the previous year. Revenue from operations for the quarter stood at ₹6,223 lakhs, up 13% from ₹5,501 lakhs in the corresponding prior-year quarter. EBITDA for Q4 FY26 surged 100% year-on-year to ₹905 lakhs, with an EBITDA margin of 14.3%, expanding 610 basis points. For the full year, EBITDA reached an all-time high of ₹3,565 lakhs, up 46% YoY, with EBITDA margins at 14.7%, expanding by 320 basis points. The following table summarises the key financial metrics:

Pre-Ind AS figures. Cash PAT = PAT + Depreciation

Key Operating Metrics

Cineline's operational performance in FY26 reflected strong premiumisation trends and improving consumer spends. The company recorded its highest-ever Average Ticket Price (ATP) of ₹259 and Spending Per Head (SPH) of ₹105 for the full year. Combined ATP and SPH stood at ₹364 for FY26, up 11% year-on-year. Admissions for the full year stood at 68.6 lakhs, while Net Box Office Collections and Net F&B Collections grew 8% and 21% respectively. The following table presents the detailed operating metrics:

As at March 31, 2026, Cineline operated 85 screens across 22 cinemas in 15 cities with over 21,100 seats. The company expanded its screen portfolio by nearly 4x between FY22 and FY26, from around 23 screens to 85 screens currently. The company also achieved a debt-free status after paying off major debt of ₹228 crores in FY25, resulting in annual savings in debt servicing costs of ₹22 crores. Total equity as at March 31, 2026 stood at ₹15,488.74 lakhs.

CEO Commentary

Commenting on the company's performance, Mr. Ashish Kanakia, CEO of Cineline India Limited, said: "FY26 marked another important year in Cineline's growth journey, supported by improving industry dynamics, revival in audience demand and disciplined execution across operations and expansion. The theatrical exhibition industry continued its recovery momentum during the year, driven by a broader and more consistent content slate across Hindi, Hollywood and regional cinema, with audience preference increasingly shifting towards theatrical-first releases and experience-led movie consumption."

Mr. Kanakia further noted that EBITDA expanded approximately 6x between FY22 and FY26, and that Cineline turned PAT positive in FY26. He also highlighted the appointment of Mr. Rajeev Sharma as Joint CEO of Cineline India Limited, who brings over 30 years of leadership experience having previously worked with leading organisations including NY Cinemas, Fujifilm, Samsung Electronics, and ADF, with expertise spanning cinema exhibition, entertainment, media and technology.

Strategic Priorities and Expansion Plans

Cineline has outlined three key strategic priorities to drive the growth of its film exhibition business:

• Capital-Light Growth Model: Cineline plans to partner with developers for joint investments in new screen infrastructure, reducing annual capex while improving capital efficiency. The company recently commenced its first screen under the O&M model in Silvassa, Dadra Nagar Haveli.
• Revenue Share Model: Future screen additions will primarily follow a revenue-sharing framework, lowering upfront capex requirements and curbing fixed rental obligations, thereby enhancing financial flexibility and driving superior return ratios.
• Premium Yet Accessible: MovieMAX is focusing on superior formats, enhanced F&B offerings, and a differentiated customer experience, with plans to gradually increase premium screens and recliner-like curated formats to improve footfalls and overall profitability.

Building on its growth momentum, Cineline is targeting approximately 20-25 new screen additions for FY27, with a focus on cities like Gurugram, Bangalore, and Hyderabad. New theatres were launched in Bareilly and Chennai. Key upcoming titles for FY27 include Cocktail 2, Dhamaal 4, Ramayana, Welcome to the Jungle, Drishyam 3, Spider-Man: Brand New Day, and The Odyssey: Doomsday, among others.

Awards and Recognition

Cineline India Limited received the following industry recognitions:

The statutory auditors issued an unmodified opinion on the financial results.

Cineline India Limited promoters have disclosed the release of a total of 7,12,000 equity shares from pledge on 29.04.2026, as reported to the National Stock Exchange of India Limited and BSE Limited on 04th May 2026. The disclosure was made under Regulation 31 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, read with the SEBI master circular dated February 16, 2023. The release was signed and submitted by Mr. Himanshu Babubhai Kanakia on behalf of the promoter group.

Promoters Involved in the Pledge Release

Four members of the Kanakia promoter group were party to the pledge release event. The shares had been originally pledged on 31.12.2025 as collateral security for personal use by the promoters, with no involvement of the listed company or its group companies in the underlying transactions.

The promoters involved are:

• Mr. Himanshu Kanakia
• Mr. Rasesh Kanakia
• Mrs. Rupal Kanakia
• Mrs. Hiral Kanakia

Details of Pledge Release

The following table summarises the pledge release details for each promoter, including the number of shares released and the entities in whose favour the shares were previously pledged:

Following the release, the post-event encumbered shareholding for all four promoters stands at 0.00%, indicating that no shares remain under pledge.

Nature of Encumbrance and End Use

All pledges were classified as collateral security provided by the promoters for personal use, with the encumbrance originally created on 31.12.2025. The entities involved were Motilal Oswal Financial Services Limited, categorised as an NBFC, and Sharekhan Limited, categorised as a stock broking and financial services entity. The disclosures confirm that neither the listed entity nor any of its group companies were involved in the underlying transactions, as the funds were for the personal use of the promoters.

Post-Release Encumbrance Status

Upon completion of the release on 29.04.2026, none of the four promoters hold any encumbered shares in Cineline India Limited. In each case, the encumbered shares as a percentage of promoter shareholding were below 50%, and the encumbered shares as a percentage of total share capital were below 20%, both prior to and following the release event. The disclosure was filed from Mumbai and digitally signed by all four promoters on 04th May 2026.