Q1 2027 PVR INOX Ltd Earnings Call Transcript
Key Points
- PVR INOX Ltd (BOM:532689) reported a strong start to FY27 with a 20% year-on-year growth in India's total box office collections.
- The company welcomed 36.6 million guests during the quarter, marking an 8% increase year-on-year.
- Revenues grew 12% year-on-year to INR1,642 crores, while EBITDA nearly doubled to INR230 crores at a 14% margin.
- The company achieved a net cash position of INR80 crores as of June 30, 2026, providing strategic flexibility.
- PVR INOX Ltd plans to open around 100 screens over the course of the year, leveraging both lease and capital-light models.
- There were no INR500 crore plus blockbuster movies in the first two quarters, raising concerns about the dispersion of successful films.
- The company faced delays in opening new screens due to regulatory license issues, leading to a bunched-up opening in Q2 and Q3.
- Despite an increase in screen count, footfalls have remained stable, indicating a need for further growth in audience numbers.
- The advertising revenue growth has been slower than expected, with brands needing more proof of concept to increase spending.
- The company is still working towards achieving pre-COVID levels of return on capital employed (ROCE).
Ladies and gentlemen, good day, and welcome to PVR INOX Limited Q1 FY27 earnings conference call hosted by ICICI Securities Limited. (Operator Instructions)
I now hand the conference over to Mr. Nirant Dhumal from ICICI Securities. Thank you, and over to you, Mr. Nirant.
Good afternoon, everyone, and welcome to PVR INOX Limited Q1 FY27 post results earnings call. The call will start with brief management remarks on the earnings performance, followed by a 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 you, sir.
Yes. Thanks very much. Good evening, everyone. This is Ajay Bijli. I'd like to welcome you to today's call to discuss the results for the quarter ended June 30, 2026.
The earnings presentation and results were
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