PVR INOX Ltd., India’s premier multiplex chain, emerged from the merger of PVR Cinemas and INOX Leisure Limited, creating a formidable leader in the entertainment landscape.
On February 6, 2025, PVR INOX marked a spectacular return to profitability, reporting a remarkable 180% surge in consolidated net profit for Q3 FY25, largely propelled by a series of festival blockbusters, including the runaway success ‘Pushpa 2’. The film single-handedly accounted for a staggering 36% of box office takings during the period.
The company recorded a consolidated net profit of ₹35.9 crore for Q3 FY25, compared to ₹12.8 crore in the same period last year and a net loss of ₹11.8 crore in the previous quarter. Revenue from operations soared by 11% year-on-year to ₹1,717.3 crore.
Additionally, the multiplex behemoth achieved its highest post-pandemic quarterly advertising revenue of ₹148.6 crore, alongside record-breaking figures for average ticket price (ATP) at ₹259 and food and beverage spend per head (SPH) at ₹140. Another significant achievement was the reduction of net debt by ₹434.6 crore, bringing it down to ₹995.8 crore as of December 2024.
Saurabh Pant, Vice President of Finance and Investor Relations, elaborated further, stating that the film added ₹254 crore to the company’s Hindi box office collections and approximately ₹63 crore to ₹67 crore from other regional language screenings.
To fuel sustainable growth, the company adopted a strategic shift by scaling back capital expenditure. “We transitioned to an innovative growth model focused on FOCO (franchise-owned, company-operated) and asset-light formats,” Pant explained.
Sanjeev Bijli, Executive Director of PVR INOX, credited Pushpa 2: The Rule as the primary revenue driver for Q3 FY25, contributing ₹1,450 crore at the Indian box office.
Looking ahead, he highlighted key upcoming releases such as Chhaava on February 14 alongside Captain America: Brave New World, followed by The Diplomat with John Abraham, Shankara featuring Akshay Kumar, and Salman Khan’s much-anticipated Sikandar in March.
At 12:04 PM today, PVR INOX Ltd. shares traded at ₹1,082.95 per share on the NSE.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Feb 7, 2025, 2:41 PM IST
Team Angel One
We're Live on WhatsApp! Join our channel for market insights & updates