Connplex FY26 PAT Rises 37% to ₹2,608 Lakhs
Connplex Cinemas Limited reported a 37.44% increase in Profit After Tax to ₹2,607.92 Lakhs for FY26, driven by a 54.29% rise in revenue from operations to ₹14,752.06 Lakhs. The company expanded its footprint by adding 47 new screens, reaching a total of 113 screens across 41 cinemas, while maintaining a near debt-free balance sheet.
*this image is generated using AI for illustrative purposes only.
Connplex Cinemas Limited announced its audited standalone financial results for the year ended March 31, 2026, reporting strong growth across revenue and profitability. The Board of Directors approved the results at a meeting held on May 12, 2026. Subsequently, the company published the results in newspapers on May 13, 2026, pursuant to Regulation 30 & 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The advertisements were published in the Financial Express (English) and Ahmedabad Express (Gujarati).
Revenue from operations for FY26 stood at ₹14,752.06 Lakhs, a significant increase of 54.29% compared to ₹9,560.95 Lakhs in FY25. Profit After Tax (PAT) for the year rose by 37.44% to ₹2,607.92 Lakhs from ₹1,897.46 Lakhs in the previous year. The company reported a total income of ₹15,010.36 Lakhs for FY26, up from ₹9,578.17 Lakhs in the prior year.
Financial Performance
The company delivered robust operational metrics during the fiscal year. For the half year ended March 31, 2026 (H2FY26), revenue from operations grew by 51.97% year-on-year to ₹8,346.07 Lakhs. Net profit for H2FY26 increased by 38.84% to ₹1,302.54 Lakhs. EBITDA for the half year reached ₹1,707.32 Lakhs, reflecting a 26.95% YoY growth. The full-year EBITDA stood at ₹3,492.87 Lakhs, up 33.11% from ₹2,624.14 Lakhs in FY25.
| Particulars (₹ Lakhs): | H2FY26 | H2FY25 | YoY (%) | FY26 | FY25 | YoY (%) |
|---|---|---|---|---|---|---|
| Revenue from Operations: | 8,346.07 | 5,491.74 | 51.97% | 14,752.06 | 9,560.95 | 54.29% |
| EBITDA: | 1,707.32 | 1,344.88 | 26.95% | 3,492.87 | 2,624.14 | 33.11% |
| Profit Before Tax: | 1,751.64 | 1,292.40 | 35.53% | 3,485.01 | 2,574.21 | 35.38% |
| Profit After Tax: | 1,302.54 | 938.16 | 38.84% | 2,607.92 | 1,897.46 | 37.44% |
Operational Expansion
Connplex Cinemas significantly expanded its footprint during FY26. The company opened 47 new screens during the fiscal year, comprising 21 in the Express Model, 10 in the Signature Model, and 16 in the Luxuriance Model. As of March 31, 2026, the company operates 41 cinemas comprising 113 screens and 9,797 seats across 9 states. The company utilises an asset-light franchise model (FOFO & FOCO), focusing on Tier 2 and Tier 3 markets.
Footfalls (admits) for FY26 grew 63% to 27.63 Lakhs compared to 16.96 Lakhs in FY25. Average Ticket Price (ATP) increased by 6% to ₹264, while Spend Per Head (SPH) rose by 14% to ₹95. Management highlighted a robust pipeline of over 230 upcoming screens across FY27–FY28.
Financial Health
The company maintained a strong financial position with a near debt-free balance sheet. Total assets as at March 31, 2026, stood at ₹17,400.42 Lakhs, compared to ₹6,124.04 Lakhs in the previous year. Shareholders' funds increased substantially to ₹13,432.35 Lakhs from ₹2,464.87 Lakhs. Cash and cash equivalents at the end of FY26 stood at ₹1,156.58 Lakhs.
Regarding its Initial Public Offer (IPO), the company raised ₹9,027.00 Lakhs. As at March 31, 2026, total funds utilised stood at ₹4,519.05 Lakhs, with ₹4,507.95 Lakhs remaining unutilised and parked in fixed deposits and monitoring accounts. No dividends were declared during the year.
Historical Stock Returns for Connplex Cinemas
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.91% | +5.73% | -12.26% | -10.87% | +24.80% | +24.80% |
With ₹4,507.95 Lakhs in unutilised IPO funds still parked in fixed deposits, what specific expansion projects or acquisitions is Connplex Cinemas prioritizing for deployment in FY27?
Given the ambitious pipeline of 230+ screens planned for FY27–FY28, how might increasing competition from multiplex giants entering Tier 2 and Tier 3 markets impact Connplex's franchise model economics?
As Average Ticket Price growth (6%) significantly lags footfall growth (63%), what pricing power strategies could Connplex employ to improve revenue per admit without risking audience attrition in price-sensitive smaller markets?
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