PVR Inox Q3 Results: Cinema chain operator PVR Inox announced a massive 166.5% year-on-year (YoY) jump in its consolidated net profit for the third quarter of the ongoing fiscal on Thursday, February 5.
The consolidated profit in Q3 FY26 stood at ₹95.7 crore as against ₹35.9 crore a year ago. However, on a quarter-on-quarter (QoQ) basis, the profit after tax (PAT) was lower by 9.4% from ₹105.7 crore posted during the September quarter.
Meanwhile, the revenue from operations on a consolidated basis came in at ₹1,879.8 crore, a growth of 9% as against ₹1,717.3 crore in the corresponding quarter last year. The figure was largely unchanged against ₹1,823 crore posted in the preceding quarter of FY26.
The earnings before interest, tax, depreciation and amortisation (EBITDA), excluding the impact of ₹44.6 crore provision arising from the change in Labour Code, came in at ₹662.1 crore as against ₹569.5 crore a year-ago.
PVR Inox, in a press release, stated that for the second consecutive quarter, the business delivered EBITDA margins of ~18% at occupancies of 28%+, compared to the pre-COVID period when similar margins were achieved at 350–400 bps higher occupancies.
“This underscores the enduring benefits of merger synergies and structural cost optimisation, resulting in a more resilient and efficient operating model,” said the company.
The company’s performance was supported by a healthier genre mix and a more consistent release slate led by a few large tentpole releases, including Dhurandhar, which has emerged as the highest-grossing Hindi film of all time with a cumulative box office of ₹1,000 crore.
PVR Inox on track to add 90-100 screens in FY26
In Q3 FY26, PVR Inox added 20 screens and exited three underperforming screens, while for the nine months of the fiscal, it added 62 screens (FOCO and asset light) and exited 11 loss-making screens. The company said it remains on track to add 90–100 new screens in FY26.
“Under its Capital Light growth strategy, the company now has 149 screens signed, of which 54 screens are under the FOCO model and 95 screens under the Asset-light model,” the company said.
