PVRINOX

PVR Inox share price & financials

Price
₹948.9
Market cap
₹11.1k Cr
Sector
Media, Entertainment & Publication
Calls analysed
6
Latest concall · Q1 FY27 · call held 24 Jul 2026

PVR Inox Q1 FY27

Revenue ₹1,642 cr +12%EBITDA ₹230 cr EBITDA Margin 14% PAT ₹71 cr

What went well

  • Revenue grew 12% YoY to INR1,642 crores, demonstrating strong top-line performance.
  • EBITDA nearly doubled to INR230 crores, with the EBITDA margin expanding to 14%, reflecting improved operational efficiency.
  • PAT turned profitable at INR71 crores, a significant recovery from a loss of INR34 crores in Q1 last year.

What to watch

  • Online ticketing penetration growth is expected to slow down from its current ~70% level due to diminishing returns.
  • Ad revenue revival is taking longer than expected due to competition from other media platforms and dependence on blockbuster content.
Read the full call →

What PVR Inox does

PVR Inox operates multiplex cinemas under the PVR and INOX brands, screening theatrical film content and earning from box-office admissions, in-cinema food & beverage sales, on-screen advertising, and ticketing convenience fees. The network is run through a mix of owned/leased properties and management-fee contracts with mall developers, and new screen additions are increasingly structured as capital-light FOCO (developer-funded) or asset-light leases rather than company-funded builds. The company also runs premium cinema formats — including IMAX, 4DX, Director's Cut, Insignia and Luxe — alongside a lower-capex 'Smart Cinema' format being piloted for Tier 2/3 towns.

Segments

  • Film Exhibition (Box Office)
  • Food & Beverages
  • Advertising
  • Convenience Fees
Screens operated
1,798 screens
Cities covered
113 cities, including Colombo, Sri Lanka
Premium-format screens
286 screens across IMAX, 4DX, Director's Cut, Insignia and Luxe formats
Management-fee properties
19 cinemas (71 screens) operated under management-fee contracts with developers
Signed capital-light pipeline
138 screens across 34 cinemas signed (52 FOCO + 86 asset-light)
Smart Cinema format
New lower-capex cinema format for Tier 2/3 towns; first pilots opening mid-July 2026
Founded 1995Headquarters Gurugram, Haryana (corporate office); registered office in Mumbai, Maharashtra Company website

Guidance record · Q1 FY27

what the last two calls moved 26 tracked 7 delivered 8 missed 11 open
  • Net Debt delivered said Q4 FY25 Promised: Continue to come down on an overall year-on-year basis Q1 FY27: This was a promise for FY26 performance, which was achieved. No further updates applicable.
  • Total Capex (FY26) missed said Q4 FY25 Promised: INR 400-425 crores Q1 FY27: This was a promise for FY26 performance, which was missed. No further updates applicable.
  • Smart Screen POC Launch delayed said Q2 FY26 Promised: One POC cinema this year (FY26) Q1 FY27: The original FY26 deadline was missed. A new promise (smart-screen-pilot-launch-q2fy27) tracks the revised deadline of July 15, 2026.

All 26 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 11.9%, net profit up 203.7% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue1,622 1,717 1,230 1,450 1,823 +12%1,850 +8%1,547 +26%1,622 +12%
EBITDA479 528 289 404 612 +28%625 +18%452 +56%528 +31%
Net profit-12 36 -125 -54 106 +983%95 +164%186 +249%56 +204%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance +10.3% 1Y

₹0.9k₹1.0k₹1.1k₹1.2kSept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 17 Oct 2025Q2 FY26 — 27 Oct 2025Q3 FY26 — 5 Feb 2026Q4 FY26 — 11 May 2026Q1 FY27 — 24 Jul 2026

1Y: ₹1,121.2 on 10 Sept 2025 → ₹1,237.1. High ₹1,255.3 (26 Aug 2026), low ₹918.6 (30 Mar 2026).

How the price took the results

close before → close after

Q1 FY27
+5.6%
24 Jul
Q4 FY26
+0.6%
11 May
Q3 FY26
−2.8%
5 Feb
Q2 FY26
−0.5%
17 Oct

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 21.2% a year over 3 years, FY23 to FY26. Operating margin widened to 31.4%.

Year endingFY23FY24FY25FY26
Revenue₹3.8k Cr₹6.1k Cr₹5.8k Cr₹6.7k Cr
Operating profit₹1.0k Cr₹1.8k Cr₹1.5k Cr₹2.1k Cr
Operating margin27.9%29.6%26.9%31.4%
Interest₹572 Cr₹791 Cr₹809 Cr₹732 Cr
Depreciation₹753 Cr₹1.2k Cr₹1.3k Cr₹1.3k Cr
Net profit₹-337 Cr₹-33 Cr₹-280 Cr₹333 Cr
Net margin-9.0%-0.5%-4.9%5.0%
Cash from operations₹864 Cr₹2.0k Cr₹2.0k Cr₹2.2k Cr
Free cash flow₹230 Cr₹1.4k Cr₹1.6k Cr₹1.9k Cr
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹61 Cr₹61 Cr₹98 Cr₹98 Cr₹98 Cr₹98 Cr
Reserves₹1.8k Cr₹1.3k Cr₹7.2k Cr₹7.2k Cr₹7.0k Cr₹7.3k Cr
Borrowings₹5.0k Cr₹5.2k Cr₹8.1k Cr₹8.3k Cr₹7.5k Cr₹6.8k Cr
Other liabilities₹665 Cr₹757 Cr₹1.1k Cr₹1.2k Cr₹1.5k Cr₹1.5k Cr
Total liabilities₹7.5k Cr₹7.3k Cr₹16.5k Cr₹16.8k Cr₹16.1k Cr₹15.6k Cr
Fixed assets₹5.5k Cr₹5.4k Cr₹14.2k Cr₹14.5k Cr₹13.6k Cr₹13.4k Cr
Capital work in progress₹217 Cr₹64 Cr₹247 Cr₹246 Cr₹96 Cr₹32 Cr
Investments₹1 Cr₹0 Cr₹0 Cr₹16 Cr₹3 Cr₹2 Cr
Other assets₹1.8k Cr₹1.9k Cr₹2.0k Cr₹2.1k Cr₹2.4k Cr₹2.2k Cr
Total assets₹7.5k Cr₹7.3k Cr₹16.5k Cr₹16.8k Cr₹16.1k Cr₹15.6k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, the public added +2.42 pp while FIIs trimmed −1.63 pp. The shareholder count shrank 10% to 2,36,922.

Promoters
27.5%
FIIs
18.1%
DIIs
35.7%
Public
18.7%

Since Jun 2025

  • Public +2.42 pp
  • FIIs −1.63 pp
  • DIIs −0.80 pp

How it drifted, 12 quarters

Over this window the public went from 11.7% to 18.7% — +7.0 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 27.8%, FIIs 23.3%, DIIs 37.2%, Public 11.7%.Dec '23: Promoters 27.8%, FIIs 21.8%, DIIs 39.2%, Public 11.1%.Mar '24: Promoters 27.8%, FIIs 16.8%, DIIs 40.2%, Public 15.1%.Jun '24: Promoters 27.8%, FIIs 18.1%, DIIs 38.8%, Public 15.3%.Sep '24: Promoters 27.5%, FIIs 20.7%, DIIs 39.9%, Public 12.0%.Dec '24: Promoters 27.5%, FIIs 19.2%, DIIs 40.0%, Public 13.3%.Mar '25: Promoters 27.5%, FIIs 20.4%, DIIs 36.3%, Public 15.8%.Jun '25: Promoters 27.5%, FIIs 19.7%, DIIs 36.5%, Public 16.3%.Sep '25: Promoters 27.5%, FIIs 21.8%, DIIs 35.4%, Public 15.3%.Dec '25: Promoters 27.5%, FIIs 21.2%, DIIs 34.5%, Public 16.8%.Mar '26: Promoters 27.5%, FIIs 17.9%, DIIs 36.4%, Public 18.2%.Jun '26: Promoters 27.5%, FIIs 18.1%, DIIs 35.7%, Public 18.7%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 2 holders trimming and 5 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of PVR Inox above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
GFL Limited 16.13%unchanged
Nippon Life India Trustee Ltd-A/C Nippon India Nifty Small Cap 250 Index Fund Mutual fund8.89%+0.70 pp
HDFC Mutual Fund-HDFC Retirement Savings Fund-Hybrid-Equity Plan Mutual fund7.74%newly disclosed
Ajay Kumar Bijli 5.55%unchanged
Kotak Small Cap Fund Mutual fund4.35%newly disclosed
Sanjeev Kumar 4.19%unchanged
ICICI Prudential Mutual Fund - ICICI Prudential Nifty 500 Index Fund Mutual fund4.11%newly disclosed
ICICI Prudential Life Insurance Company Limited Insurer2.53%−0.12 pp
SBI Technology Opportunities Fund Mutual fund1.67%−0.32 pp
Goldman Sachs Funds - Goldman Sachs India Equity P Global fund house1.57%unchanged
Societe Generale - Odi Foreign bank / ODI1.41%+0.14 pp
UTI Multi Cap Fund Mutual fund1.23%newly disclosed

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Mutual funds in PVRINOX

Filings to Aug 2026

0 new, 5 added, 2 trimmed, 0 sold out — net −0.37 L shares (−0.2%).

Held by funds
₹2.1k Cr
18 schemes
Biggest holder
HDFC Small Cap Fund
₹652 Cr · 1.6% of that fund
SchemeHoldingLast month
HDFC Small Cap Fund HDFC Mutual Fund₹652 Cr+0.50 L
Nippon India Small Cap Fund Nippon India Mutual Fund₹403 Crheld
Nippon India Multi Cap Fund Nippon India Mutual Fund₹402 Crheld
SBI Smallcap Fund SBI Mutual Fund₹171 Crheld
Nippon India Large Cap Fund Nippon India Mutual Fund₹123 Crheld
Nippon India Focused Fund Nippon India Mutual Fund₹111 Crheld
HDFC Retirement Savings Fund - Equity Plan HDFC Mutual Fund₹57 Crheld
HDFC Dividend Yield Fund HDFC Mutual Fund₹50 Cr−0.89 L

HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.

Mutual funds Aug 2026

5 added, 2 trimmed — net −37,102 shares (−0.2%)

Funds are sitting on
-35%
vs est. average cost
Held by funds
₹2.1k Cr
18 schemes · ≈ 15% of the company
Biggest holder
HDFC Small Cap Fund
₹652 Cr · 1.6% of that fund
Longest holder
Nippon India Nifty Smallcap 250 Index Fund
5y 11m · since Oct '20

Shares held by these funds +10%

Aug '23 1.77 cr shares Jul '26

All earnings calls (5)

Read the Q1 FY27 call →

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