PVR Inox Q2 profit rises 111% to Rs 273 crore, targets 500 new screens in 3 years
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓PVR Inox Q2 profit rose 111% to Rs 273 crore as the firm targets 500 new screens in 3 years.
- ✓Managing director Ajay Bijli said, "We remain on track to open around 90 to 100 new screens in FY 2027." The company plans to use its affordable SMART Cinema format in smaller markets.
Story at a Glance
- Category
- BUSINESS
- Reported By
- Economic Times
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
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.
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.
Unlock the Full Story with ArthNow Premium
To continue reading this complete financial story and in-depth market context, upgrade to ArthNow Premium. Enjoy unlimited access across Web and Mobile.
Economic Times
Read the full, original unfiltered story directly on the publisher's portal.