PVR Inox Ltd Share Price – NSE  /  BSE

Entertainment, Small Cap

The 14-screen Megaplex located in the largest and one of the most premium malls in Bengaluru features three premium formats – MX4D, ScreenX, and Insignia. PVR INOX also introduces the first MX4D, the immersive 4D movie experience and ScreenX, 270-degree cinema viewing in South India.

The new cinema will augment PVR INOX foothold in Bengaluru with 172 screens in 26 cinemas and in Karnataka with 219 screens in 37 cinemas. The company consolidated its presence in South India to a total of 572 screens in 100 properties.

Ajay Bijli, managing director of PVR INOX, said, “The Southern region is a critical market for us with a steady supply of regional content and passionate consumer demand. We have received an overwhelming response for all our premium screen formats nationwide, prompting us to unveil our largest cinema in South with 14 screens including 3 superlative cinema formats – MX4D, Screen X and Insignia. It has been PVR INOX’s strategy to make cinemas more experiential and this Megaplex at Phoenix Mall of Asia perfectly aligns with our vision.”

Meanwhile, the company informed about the opening of 9 screen multiplex in the city of Kochi, Kerala located at Forum Mall. The cinema is equipped with state of the art 4K Laser Projectors, Dolby Atmos sound and Real D 3D technology.

With this launch, PVR INOX has augmented its presence in the city of Kochi with 22 screens across 3 properties and consolidated its foothold in Kerala with 42 screens in 6 properties and 558 screens across 99 properties in South.

Ajay Bijli, MD added, “We are delighted to launch the first P[XL] screen in Kerala as we look forward to presenting a superlative movie going experience to our patrons. We are thrilled to announce the opening of our third multiplex in Kochi and the 6th in Kerala which is the result of the evolving demand from audiences that keeps us assertive for bringing innovative global standards of cinematic experience to every part of the country.”

With these launches, PVR INOX now operates the largest multiplex network with 1,741 screens across 361 properties in 113 cities (India and Sri Lanka).

PVR INOX is engaged in the business of movie exhibition & production and operates largest cinema circuit across India. The company earns revenue from sale of movie tickets, in-cinema advertisements/product displays and sale of food and beverages and restaurant business.

The company reported 20.5% YoY decline in consolidated net profit to Rs 12.80 crore in Q3 FY24. Revenue from operations jumped 64.5% YoY to Rs 1,545.90 crore in the quarter ended 31 December 2023.

The scrip rose 0.17% to settle at Rs 40.27 on Wednesday 10 April, 2024. The market is closed today on account of Id-Ul-Fitr (Ramzan Id).

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PVR Inox has opened a 9 screen multiplex in the city of Kochi, Kerala located at Forum Mall. The cinema is equipped with state of the art 4K Laser Projectors, Dolby Atmos sound and Real D 3D technology.

With this launch, PVR INOX now operates the largest multiplex network with 1,727 screens across 360 properties in 113 cities (India and Sri Lanka).

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PVR INOX announced the opening of the biggest cinema in Faridabad that features the largest screen. Located at the Mall of Faridabad, NIT, the 6 screen cinema is set to redefine Faridabad's entertainment landscape unveiling the First P[XL] Large Screen Format in the city with Laser Projection offering residents yet another out-of-home entertainment destination to watch movies in the best immersive environment.

With this opening, PVR INOX unveils its 6th cinema in Faridabad and will strengthen its foothold in Haryana with 94 screens in 23 properties continuing its expansion in the Northern part of India with 469screens in 104 properties.

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PVR Inox announced the reopening of the iconic Sangam cinema at Andheri East in Mumbai today. The newly renovated Sangam now a state-of-the-art 4-screen multiplex serves as a clear testament to PVR INOX commitment to reshape cinemas into preferred out-of-home entertainment destinations in the country.

The new multiplex augments PVR INOX presence in Mumbai with 25 properties and 123 screens.

With this launch, PVR INOX consolidates its foothold in Maharashtra with 257 screens in 54 properties and 350 screens across 79 properties in West.

Strategically located at Chakala, JB Nagar neighborhood of Andheri East, the new multiplex has a seating capacity of 1121 guests with last row celebrity recliners. The cinema is equipped with the best-in-class theatrical solutions including 2K projection, advanced Dolby 7.1 audio and Next-Gen 3D technology for an immersive experience.

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