PVR INOX Limited reported highest ever quarterly Revenue, EBITDA and PAT for the quarter ending September 30, 2026. The cinema chain’s quarterly results were helped by strong performances of its films and higher spending by consumers. In the second quarter of fiscal 2027 (Q2 FY27), PVR INOX posted Rs. 21,327 million (approx. Rs. 2,133 crore) in revenue. Which in the same quarter last year was Rs. 18,187 million in revenue is 17 percent higher.

EBITDA increased by 44 percent year-on-year to Rs. 4,752 million and EBITDA margin increased to 22.3 percent from 18.1 percent. In the second quarter of the financial year 2026 (Q2 FY26) Rs. 1,296 million as compared to 111 percent increase in profit after tax to Rs. 2,733 million.

PVR INOX reached 46.3 million viewers in Q2

The cinema chain saw 46.3 million footfalls during the quarter, up 4% from the previous year. Occupancy has also increased to 30.4 percent from 28.7 percent in the same period last year. The average ticket price increased by 14 percent to Rs. 298, while the average per capita expenditure on food and beverage (F&B) also increased by 14 percent to Rs. 153 has happened. Both ticket sales and food and beverage (F&B) revenue grew by 18 percent in the quarter. The company said these results were achieved due to a strong line-up of films and higher spending by consumers.

Commenting on the performance, Ajay Bijli, MD, PVR INOX said that Q2FY27 has been a historic quarter for Indian cinema and PVR INOX. We have achieved record revenue, EBITDA and PAT on quarterly and half-yearly basis due to superior content, higher customer spending and better cost control. He further said that our margins are now above pre-Covid levels, which is a clear indication of a strong business structure. We have generated significant free cash flow, completed our first share buyback and our balance sheet is very strong.

Tremendous gross box office collection

These results from PVR INOX come during a strong quarter for the Indian theater market. India’s gross box office collection in the second quarter of financial year 2027 (Q2 FY27) is Rs. 4,443 crore, up 23 percent from the same period last year, according to Ormax Media and Company estimates quoted by PVR INOX. This was the first time that the Indian box office in a single quarter grossed Rs. 4,000 crore mark was crossed. The box office collection in the first half of FY 2027 is Rs. 7,618 crore, which is 22 percent higher than the same period last year.

Best Performance of English Films

English films had a particularly strong performance, with collections up 87 percent to Rs. 1,024 crores. As per the company’s estimate, ‘Spider-Man: Brand New Day’ will make Rs. It became the highest grossing English film in India with a gross of 608 crores. Christopher Nolan’s ‘The Odyssey’ also performed well and earned Rs 233 crore. Hindi box office collection (including dubbed films) increased by 12% compared to last year. ‘Hanuman Ansh’ earned Rs 351 crore, while ‘Mirzapur: The Movie’ earned Rs 267 crore. Regional cinema also registered a 12% growth, with films like ‘Toxic’ and ‘Jana Nayakan’ contributing to the overall performance.

PVR INOX remains net cash positive

The company in H1FY27 posted Rs. 6,035 million generated free cash flow and Rs. 2,586 million in debt paid. In September, the company also completed its first share buyback, worth Rs. 3,000 million. Despite the buyback, PVR INOX’s net cash position as on September 30 stood at Rs. 1,407 million, which at the end of June was Rs. 807 million. The board of the company has also approved a new ‘Capital Allocation and Dividend Distribution Policy’. This policy focuses on investment in screens, premium formats and technology. Also, it is targeted that after any payment (dividend or buyback), the ‘Net Debt to LTM EBITDA’ ratio should not exceed 0.5 times. The company said it plans to return around 30 percent of its annual surplus cash flow through dividends and/or buybacks, depending on the board’s decision.

PVR INOX expands its screen network

As of September 30, PVR INOX was running 1,797 screens across 114 cities in India and Sri Lanka. In H1FY27, the company opened 24 new screens across six theatres, while closing 25 screens – most of which were in loss-making locations. PVR INOX plans to add 90 to 100 new screens during FY27. Most of this expansion is expected to take place through a ‘capital-light model’ in the second half of the financial year. In September, the company also opened its first ‘Smart Cinema’ in Muzaffarpur, Bihar. This format is for smaller Tier-III and Tier-IV markets and two-three more such ‘smart cinemas’ are planned to open in the current financial year.

A lot of expectations from ‘Ramayana’ and Raja

PVR INOX hopes that the upcoming line-up of films will keep the theaters in good spirits in the second half of the financial year. In Hindi films, ‘Ramayan: Part One’ is going to release in November and Shahrukh Khan’s ‘King’ is going to release in December. After this, big films like ‘Love and War’ and ‘Golmaal 5’ will release in the fourth quarter. List of regional and all-India films include Chiranjeevi’s ‘Kaaka’ and Prabhas’ ‘Spirit’. Hollywood films released during this period include ‘The Hunger Games: Sunrise on the Reaping’, ‘Avengers: Doomsday’, ‘Dune: Part Three’ and ‘Jumanji: Open World’.

Bijli said that looking ahead, our full focus is on growth. We are expanding our network through our new ‘Smart Cinema’ low-cost format and taking cinema to areas of India where there is currently a dearth of screens. With a wide range of films, we are committed to providing audiences with a great cinematic experience and delivering long-term value to our shareholders.