PVR Inox trims Q4 loss to ₹125 crore despite revenue dip and weaker box office performance

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Posted by NewAdmin on 2025-05-12 09:16:56 |

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PVR Inox reported a narrowing of its consolidated net loss to ₹125 crore in the fourth quarter of the financial year 2024-25, compared to ₹129.5 crore in the same period last year. While this reflects only a slight improvement year-on-year, the company had posted a net profit of ₹35.9 crore in the previous quarter, indicating a significant sequential decline. The latest results highlight continued challenges for the cinema operator, which is grappling with slower box office recovery and evolving viewer habits in the post-pandemic entertainment landscape.

The company's revenue from operations for Q4 stood at ₹1,250 crore, showing a marginal decline of 0.5 per cent compared to ₹1,256 crore in the same quarter last year. On a sequential basis, revenue declined sharply by 27 per cent from ₹1,717 crore in Q3, pointing to the impact of a weaker film slate and softer audience turnout during the quarter. Despite the decline in revenue, operating profit (Ebitda) increased by 1.5 per cent year-on-year to ₹283 crore. The Ebitda margin improved slightly to 22.7 per cent, up from 22.2 per cent in the corresponding quarter last year, indicating improved cost control and operational efficiencies.

PVR Inox continued its expansion efforts during the quarter, adding 77 new screens across 11 properties. As of now, the company operates a total of 1,743 screens in 352 cinemas spread across 111 cities in India. This growth signals the company’s long-term commitment to expanding its footprint, even as it faces short-term financial headwinds.

Managing Director Ajay Bijli described FY25 as a year of transformation, emphasizing the company’s renewed focus on innovation and resilience. He stated that PVR Inox is transitioning from being reactive to becoming a future-ready organization capable of sustaining long-term relevance in a rapidly evolving entertainment industry. Following the earnings announcement, shares of PVR Inox rose by 4.41 per cent to close at ₹962.05. However, the stock remains down nearly 30 per cent on a year-to-date basis, reflecting broader market concerns about the cinema industry's slow recovery and the competitive threat posed by digital streaming platforms.

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