Cineline India Reports Strong Q1 FY26 Growth, Achieves Debt-Free Status
Cineline India Limited reported robust Q1 FY26 results with a 27% YoY revenue increase to ₹46.99 crore and 103% EBITDA growth to ₹7.38 crore. Key operational metrics showed significant improvements, including a 7% increase in admissions and a 16% rise in average ticket price. The company achieved debt-free status after selling Hyatt Centric Goa for ₹270 crore, reducing total debt by ₹228 crore. Cineline plans to expand its core film exhibition business, aiming to add 9 new screens by December 2025. The company expects to have ₹80-100 crore in cash reserves by FY26 for further expansion.
30Jul 25
Cineline India Reports Narrowed Losses in Q1, Revenue Surges
Cineline India's Q1 financial results show significant improvement with net loss reduced by 68.6% to ₹205.88 lakhs from ₹656.65 lakhs year-over-year. Revenue from operations increased by 24.2% to ₹4,528.98 lakhs. Total income rose 27.3% to ₹4,698.81 lakhs. Despite revenue growth, profitability remained challenged due to increased expenses, with total expenses at ₹4,969.24 lakhs. The company operates in a single segment with no subsidiaries.
01Apr 25
Cineline India Sells Hotel Asset for INR 270 Crores, Aims to Become Debt-Free and Focus on Film Exhibition
Cineline India has sold its hotel asset for ₹270 crores, enabling the company to potentially achieve debt-free status. The proceeds will be used to repay existing debt, significantly improving the company's balance sheet. With total liabilities of ₹302.70 crores as of March 2024, this sale covers a substantial portion of their debt. Following this divestment, Cineline India plans to focus entirely on expanding its core film exhibition business. This strategic move is expected to enhance the company's financial flexibility and set the stage for growth in the entertainment sector.
29Mar 25
Cineline India Sells Hotel Asset for ₹270 Crore, Becomes Debt-Free and Focuses on Film Exhibition Business
Cineline India has sold its 'Hyatt Centric' hotel in Goa for ₹270 crore, reducing debt by ₹120 crore at the subsidiary level. The company plans to use the proceeds to repay its ₹108 crore debt in the film exhibition business, achieving debt-free status. This move allows Cineline to focus on expanding its core film exhibition business, operating under the brand 'MovieMAX'. Currently, it has 77 screens across 21 properties in 6 states, with plans for 82 more screens. The company expects to save ₹22 crore annually in debt servicing costs, supporting its expansion plans through a capital-light, revenue-share model.