PVR INOX Limited has delivered its best quarterly performance in 2 years for the period ending September 30, 2025. Backed by strong admissions, a diversified blockbuster slate, and operational efficiency, the company reported a Q2 FY26 PAT of ₹1,265 million, up from ₹224 million a year ago. Revenue rose 12% YoY to ₹18,432 million while footfalls reached 44.5 million, highlighting robust audience traction across geographies and genres.
Q2 FY26 revenue stood at ₹18,432 million, up from ₹16,419 million in Q2 FY25. EBITDA was ₹3,273 million, a 58% increase YoY with a 17.8% margin. PAT jumped nearly 5.6x to ₹1,265 million.
The H1 FY26 numbers show a similar upward trend with revenue of ₹33,311 million (+17%), EBITDA of ₹4,414 million (13.3% margin), and PAT of ₹929 million compared to a loss of ₹1,142 million in H1 FY25.
PVR INOX clocked a Gross Box Office Collection (GBOC) of ₹1,170 crore in Q2, a 17% YoY rise. This was driven by a robust content slate featuring 12 films crossing ₹100 crore, including “Stree 2,” “Deadpool & Wolverine,” “Mahavatar Narsimha,” and “Coolie.” The Hindi GBOC grew 4% YoY, while Hollywood collections nearly doubled to ₹286 crore. Regional cinema remained strong with standout Kannada and Malayalam hits like “Su From So” and “Lokah.”
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Admissions increased 15% to 44.5 million in Q2, with occupancy rising 302 basis points to 28.7%. Average Ticket Price (ATP) rose to ₹262, and Spend Per Head (SPH) remained steady at ₹134. Advertisement revenue grew 15% YoY to ₹1,256 million, helped by long-running campaigns linked to blockbusters. The company ended Q2 with 1,757 screens across 353 cinemas in 111 cities, and plans to add 100 screens in FY26 under capital-light models.
H1 FY26 Free Cash Flow stood at ₹3,320 million, with strong operational cash flows and disciplined capex. Net debt dropped to ₹6,188 million from ₹14,304 million in March 2023. PVR INOX opened 42 new screens and closed 8 in H1 FY26. 132 screens are now under capital-light FOCO or asset-light models. The company’s South India footprint remains dominant, contributing 33% of its screens.
On October 17, 2025, PVR INOX share price opened at ₹1,096.10 on NSE, below the previous close of ₹1,098.10. During the day, it surged to ₹1,129.00 and dipped to ₹1,073.10. The stock is trading at ₹1,083.00 as of 2:15 PM. The stock registered a moderate decline of 1.38%.
Over the past week, it has declined by 1.54%, over the past month, it has declined by 3.97%, and over the past 3 months, it has moved up by 10.95%.
PVR INOX’s Q2 FY26 performance marks a decisive turnaround, driven by diversified content, rising footfalls, and healthy financials. With a strong H2 pipeline and expansion plans in place, the company is well-positioned to capitalise on India’s box office revival and long-term cinema demand.
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Published on: Oct 17, 2025, 4:20 PM IST
Team Angel One
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