PVR Inox back in the black in Q4 as blockbuster films drive earnings recovery

\Mumbai: Cinema exhibitor PVR INOX reported a net profit of ₹186 crore for the quarter ended March, compared with a loss of ₹125 crore a year earlier, aided by a strong content slate that included Dhurandhar: The Revenge, Border 2 and Mana Shankara Vara Prasad Guru.

The company’s EBITDA rose to ₹528 crore from ₹348 crore, while EBITDA margin expanded to 32.5% from 27%. Total income increased to ₹1,624 crore from ₹1,289 crore, while expenses rose to ₹1,096 crore from ₹941 crore.

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For FY26, the company posted a net profit of ₹333 crore against a loss of ₹281 crore in the previous fiscal year. EBITDA increased to ₹2,279 crore from ₹1,728 crore, while EBITDA margin improved to 33.4% from 29.4%. Total income for the year stood at ₹6,830 crore compared with ₹5,871 crore in FY25, while expenses rose to ₹4,551 crore from ₹4,143 crore.

PVR Inox MD Ajay Bijli said FY26 growth was driven not only by mega-budget blockbusters but also by a wider mix of successful mid-budget films across languages. The company added 93 screens during the fiscal year and shut down 18, resulting in a net addition of 75 screens.