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PVR Inox Q2 profit rises 111 pc to Rs 273 crore, targets 500 new screens in 3 years

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PVR Inox Q2 profit rises 111 pc to Rs 273 crore, targets 500 new screens in 3 years

PVR Inox Q2 profit rises 111% to Rs 273 crore, targets 500 new screens in 3 years

PVR INOX plans an ambitious expansion, targeting to unveil around 90 to 100 new screens in FY 2027 and 150 to 175 in FY 2028. With a focus on Tier 2 to 4 markets, they'll introduce their innovative SMART Cinema format. Estimated capital expenditure for FY 27 is projected at ₹300-320 crore, adhering to a capital-light approach.

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Mumbai: Cinema exhibitor PVR INOX plans to add around 500 screens over the next three years, with a growing focus on Tier 2, Tier 3 and Tier 4 markets through its SMART Cinema format, company executives said during the Q2 FY27 earnings call.

PVR INOX reported adjusted Q2 FY27 revenue of ₹2,132.7 crore, up 17% year-on-year, and adjusted earnings before interest, taxes, depreciation, and amortisation (Ebitda) of ₹475.2 crore, up 44%. Adjusted profit after tax from continuing operations rose 111% to ₹273.3 crore.

"We remain on track to open around 90 to 100 new screens in FY 2027, with the bulk of the openings in the second half, mainly under capital-light formats," managing director Ajay Bijli said. Kamal Gianchandani, chief business planning and strategy officer, said the company intends to open 500 screens over three years.

Capital expenditure is expected to reach ₹300-320 crore in FY27, with ₹330 crore at the upper end of the range, and exceed ₹350 crore in FY28, depending on project execution and screen additions, chief financial officer Gaurav Sharma said.


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