PVR Inox , India's leading cinema exhibition company, has reported robust financial results for the first quarter ending June 30. The company's performance was bolstered by a diverse lineup of films across Hindi, Hollywood, and regional cinema segments.

Financial Highlights

PVR INOX reported:

• Consolidated revenue of INR 14,879.00 million, marking a 23.10% year-on-year growth
• EBITDA of INR 1,141.00 million, a substantial improvement from the INR 199.00 million loss in the same quarter last year
• Net loss of INR 335.00 million, considerably lower than the INR 1,366.00 million loss in the previous year's corresponding quarter

Operational Performance

The quarter saw impressive growth across key operational metrics:

• Admissions increased by 12.10% year-on-year to 34 million
• Average Ticket Price (ATP) rose by 8.10% to INR 254.00
• Food & Beverage Spend per Head (SPH) grew by 10.20% to reach an all-time high of INR 148.00

Box Office Performance

The company's box office collections demonstrated strong growth:

• Bollywood collections surged by 38% year-on-year
• Hollywood titles saw an impressive 72% year-on-year growth
• Regional cinema remained steady

Content Diversity

The quarter's success was attributed to a well-balanced slate of films:

• 10 films crossed the INR 100 crore mark, including 3 films which surpassed INR 200 crore
• Notable performances from Bollywood films like Raid 2, Sitaare Zameen Par, Kesari Chapter 2, Housefull 5, and Jaat
• Strong results from Hollywood franchises like Mission Impossible and Final Destination Bloodlines

Strategic Initiatives

PVR INOX implemented several key initiatives:

1. Launched 'Blockbuster Tuesdays' with tickets starting at INR 99.00, attracting nearly 1 million new and lapsed customers
2. Introduced alternative programming, including re-releases, IPL matches, concerts, and comedy shows, attracting over 500,000 admissions
3. Opened 20 new screens, with 14 under capital-light models (FOCO and Asset-Light)

Financial Discipline

The company demonstrated strong financial management:

• Net debt declined to INR 8,915.00 million as of June 30
• Reduction of INR 607.00 million since March 31
• Overall decrease in net debt by 38% (INR 5,389.00 million) since the merger

Outlook

July has started the subsequent quarter strongly, delivering the highest monthly admissions in the past 18 months. The company expects the current fiscal year to be strong for the exhibition business, supported by a robust pipeline of films across Hindi, Hollywood, and Regional cinema.

Ajay Bijli, Managing Director of PVR INOX Ltd., commented, "The fiscal year has begun on a positive note, with Q1 delivering healthy growth across key operating and financial metrics. With a robust pipeline of films across Hindi, Hollywood, and Regional cinema, we expect this to be a strong year for the exhibition business."

As of the report date, PVR INOX operates 353 cinemas with 1,745 screens across 111 cities in India and Sri Lanka, maintaining its position as the country's leading cinema exhibition company.

Tuesday Discount Program and Cost Structure

A PVR INOX executive has indicated that the company does not plan to extend its Tuesday ticket discount program to another weekday, suggesting that the current discount structure limited to Tuesdays will be maintained. Additionally, the executive has signaled that the company's cost structures are expected to remain steady in the short term, indicating operational cost stability for the cinema chain operator in the immediate future.

Future Attendance Expectations

A PVR INOX executive has expressed optimism about future attendance levels. The executive stated that upcoming movie releases are expected to drive higher attendance compared to previous years. This confidence is based on the anticipation that future film content will significantly boost cinema attendance for the multiplex operator, further solidifying PVR INOX's position in the market.

PVR Inox , India's leading multiplex chain, has reported a strong start to the fiscal year, with significant growth in revenue and a substantial reduction in net loss for the first quarter ended June 30.

Financial Highlights

The company's total income for Q1 surged to ₹14,879.00 million, marking a robust 23.1% increase from ₹12,086.00 million in the same period last year. This growth was primarily driven by a 12.1% rise in admissions, reaching 34.0 million patrons during the quarter.

PVR INOX's net loss narrowed significantly to ₹335.00 million, compared to ₹1,366.00 million in Q1 of the previous year, indicating a substantial improvement in the company's financial performance.

Operational Performance

The company witnessed improvements across key operational metrics:

Notably, the Food & Beverage Spend per Head reached an all-time high.

Box Office Performance

The quarter saw strong performances across multiple language segments:

• Bollywood box office collections surged 38% year-over-year
• Hollywood titles experienced an impressive 72% growth
• Regional cinema remained steady, with notable contributions from various language films

Strategic Initiatives

PVR INOX implemented several strategic initiatives during the quarter:

• Opened 20 new screens
• Currently operates 1,743 screens across 352 cinemas

Financial Position

The company continued to strengthen its financial position:

• Net debt declined to ₹8,915.00 million as of June 30
• This represents a reduction from ₹9,522.00 million as of March

Outlook

PVR INOX expects to open 90-100 new screens in the current fiscal year. With a robust pipeline of films across Hindi, Hollywood, and Regional cinema, the company anticipates continued growth, supported by a well-paced release calendar across languages and ongoing initiatives to enhance audience engagement and expand through scalable models.

The company maintains its position as a leader in the Indian multiplex industry, with a strong presence across multiple cities in India and Sri Lanka.