Q3 2025 PVR INOX Ltd Earnings Call Transcript
Key Points
- PVR INOX Ltd (BOM:532689) recorded the highest box office collections of the fiscal year in Q3, driven by multiple blockbuster releases.
- The company achieved the highest quarterly Average Ticket Price (ATP) and Spend Per Head (SPH) at INR281 and INR140, respectively.
- Ad revenues reached INR149 crores, the highest since the pandemic.
- The company successfully added 77 new screens and plans to open about 100 to 110 new screens for the year.
- Net debt was reduced by INR435 crores since March 2023, standing at INR996 crores as of December 2024.
- The performance of Hindi and English films was underwhelming in October, impacting overall box office momentum.
- Key film postponements disrupted the overall box office momentum in Q3.
- Despite strong box office collections, the company faced challenges with urban consumption slowdown.
- The company had to exit 67 underperforming screens in the current fiscal year to date.
- There is a concern about the funding and release schedule of Hindi movies, with a lack of tentpole releases in FY25.
Ladies and gentlemen, good day, and welcome to the PVR INOX Limited Q3 FY25 results conference call. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Harsh Shah from Axis Capital. Thank you, and over to you, sir.
Thank you, Seema. Good afternoon, everyone, and welcome to PVR INOX Limited Q3 and nine months FY25 post-results earnings call.
The call will start with brief management remarks on the earnings performance, followed by an interactive Q&A session. PVR INOX management will be represented by Mr. Ajay Bijli, Managing Director; Mr. Sanjeev Kumar, Executive Director; Mr. Gaurav Sharma, Chief Financial Officer; and other senior management personnel.
Over to Mr. Ajay for your initial comments.
Yes. Thanks. Good afternoon. I'd like to invite you all to discuss the unaudited results for the quarter and the nine months ending
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