THE ECONOMIC TIMES (May 13, 2025)
Multiplex chain PVR Inox on Monday reported consolidated net loss of Rs 125 crore for Q4FY25 versus Rs 130 crore in the year-ago period. The loss is attributable to the owners of the company.
The revenue from operations in the March-ended quarter stood at Rs 1,250 crore, which was marginally down at 0.5% versus Rs 1,256 crore in the corresponding quarter of the last financial year.
On a sequential basis, the company reported a loss against profit after tax (PAT) of Rs 36 crore in Q3FY25. The top line, though, witnessed a 27% fall versus Rs 1,717 crore in the October-December quarter of FY25.
The earnings were announced during market hours, and PVR shares remained unfazed amid an upbeat mood in the market, trading at Rs 958 on the NSE, up by Rs 36.55 or 4% over the Friday closing price. The headline Nifty50 index was trading over 3% higher around 1:30 pm.
The company’s Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) stood at Rs 344 crore, up from Rs 327 crore reported in the year-ago period.
In the quarter under review, patrons that visited the company’s cinemas stood at 30.5 million with an average ticket price of Rs 258. The F&B spend per head (SPH) stood at Rs 125. As of date, PVR Inox operates 352 cinemas with 1,743 screens across 111 cities.
The box office in FY’25 was impacted by an uneven release calendar, marked by inconsistent content availability across quarters, the company filing said. Both Bollywood and Hollywood underperformed, contributing to a 9% decline in the company’s overall gross box office revenue.
Hindi box office collections dropped 26%, primarily due to a 14% reduction in film releases, the absence of major superstar-led titles, and multiple postponements. Hollywood revenues fell by 28%, reflecting the lingering effects of the previous year’s strike and a lackluster tentpole slate. In contrast,
Hindi-dubbed films saw a remarkable 153% surge, driven by nationwide hits like Pushpa 2 and Kalki, underscoring a growing audience appetite for large-scale pan-India narratives.
Chhava emerged as the highest-grossing film in the 4th quarter, earning approximately Rs 700 crore at the box office.
Commenting on the results and performance, Managing Director Ajay Bijli said, “FY’25 was a year of transformation — defined by our renewed focus on innovation and agility. We evolved from being reactive to becoming resilient and emerging as a more agile, future-ready organization, laying the groundwork for long-term sustainability and relevance in a rapidly changing entertainment landscape”.
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Mumbai: PVR Inox, India’s largest multiplex operator, said its net loss narrowed to ₹125 crore in the March quarter compared with Rs. 129 crore a year ago. Multiplexes in India have been seeing declining footfalls amid lackluster box office performances.
For the full year FY25, PVR Inox’s net loss surged to Rs. 281 crore, up 751% from Rs. 33 crore in FY24. Earnings before interest, taxes, depreciation, and amortisation (Ebitda) for the quarter rose by 5.2% to Rs. 344 crore from Rs. 327 crore. For the full year, however, it declined by 12.8% to ₹1,715 crore from Rs. 1,966 crore in the previous year.
Quarterly revenue from operations stood at Rs. 1,249 crore, down by just 0.6% from Rs. 1,256 crore a year ago. Full-year revenue dropped by 5.4% to Rs. 5,779 crore from Rs. 6,107 crore a year ago. Expenses for the quarter were nearly flat at Rs. 1,478 crore, compared with Rs. 1,480 crore in the previous year, while annual expenses rose by 0.3% to Rs. 6,327 crore from Rs. 6,307 crore.
The company’s cinema count declined by 2.8% to 349 for the year ended March, even as screen count increased by 0.3% to 1,723. Total admits dropped by 9.5% to 136.9 million and occupancy declined by 261 basis points to 23%. The average ticket price (ATP) remained flat at Rs. 259, while food and beverages (F&B) spend per head rose by 1.5% to Rs. 134.