PVR Inox Ltd Share Price – NSE /  BSE

Entertainment, Small Cap

This is PVR INOX’s third cinema in Dehradun and the third in Uttarakhand, bringing the total screen count in the state to 16.

The cinema features cutting-edge technologies, including 4K Barco projectors, next-gen 3D screens for sharp, ultra-bright visuals, and Dolby 7.1 sound for high-definition audio. It is also designed to be inclusive, offering accessible seating and pathways for a comfortable experience for all patrons.

Ajay Bijli, managing director of PVR INOX, said, “With Dehradun emerging as a smart city, the demand for modern, high-quality entertainment is increasing. We are excited to bring our premium cinema experience to this vibrant city.

The new PVR INOX multiplex will provide moviegoers with an immersive environment that perfectly complements the city's growing infrastructure and progressive outlook and only provides a top-tier movie experience but also mirrors the city’s forwardthinking vision by offering the latest in cinematic technology, comfort, and design.”

Sanjeev Kumar Bijli, executive director of PVR Inox, said, “We’re happy to bring our immersive cinema experience to the city at the Mall of Dehradun, the perfect hub for moviegoers, offering an exquisite combination of luxury retail, high-end fashion, dining, entertainment, and wellness.

This prime location enhances the cinema experience, making it the ultimate destination for leisure and relaxation. With this opening, we’re further strengthening our foothold in North India, bringing world-class cinematic experiences to a region eager for premium entertainment options. We are certain that the cinema would be a great destination for moviegoers.”

With this opening, PVR INOX has strengthened its growth momentum and has opened 256 screens across 43 properties in 28 cities since the merger.

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

The cinema chain operator’s reported consolidated net loss of Rs 11.8 crore in Q2 FY25 as against net profit of Rs 166.3 crore recorded in Q2 FY24.Revenue from operations declined 18.89% year on year (YoY) to Rs 1,622.1 crore in the quarter ended 30 September 2024.

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PVR Inox Ltd is up for a fifth straight session today. The stock is quoting at Rs 1595, up 1.43% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.67% on the day, quoting at 24437.6. The Sensex is at 80805, up 0.69%. PVR Inox Ltd has gained around 6.48% in last one month.

Meanwhile, Nifty Media index of which PVR Inox Ltd is a constituent, has gained around 4.01% in last one month and is currently quoting at 2017.25, up 2.27% on the day. The volume in the stock stood at 3.54 lakh shares today, compared to the daily average of 5.57 lakh shares in last one month.

The benchmark December futures contract for the stock is quoting at Rs 1604.15, up 1.24% on the day. PVR Inox Ltd is down 8.85% in last one year as compared to a 18.13% jump in NIFTY and a 11.73% jump in the Nifty Media index.

The PE of the stock is 0 based on TTM earnings ending September 24.

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Net loss of PVR Inox reported to Rs 11.80 crore in the quarter ended September 2024 as against net profit of Rs 166.30 crore during the previous quarter ended September 2023. Sales declined 18.89% to Rs 1622.10 crore in the quarter ended September 2024 as against Rs 1999.90 crore during the previous quarter ended September 2023.

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Revenue from operations declined 18.89% year on year (YoY) to Rs 1,622.1 crore in the quarter ended 30 September 2024.

Total income in Q2 FY25 was at Rs 1,663.9 crore, down 17.77% as against Rs 2,023.7 crore posted in same quarter last year.

The firm reported a pre-tax loss of Rs 14.7 crore in the Q2 FY25 as compared with profit before tax of Rs 221.7 crore reported in Q2 FY24.

EBITDA dropped by 28.68% YoY to Rs 521.1 crore during the period under review. The EBITDA margin decreased to 31.3% in Q2 FY25, compared to 36.1% posted in the corresponding quarter of the previous fiscal year.

The company’s revenue from movie exhibition stood at Rs 1578.6 crore (down 19.86% YoY) while revenue from movie production and distribution stood at Rs 108.5 crore (up 78.16% YoY), during the quarter.

In Q2 FY25, the company recorded 38.8 million admissions with an average ticket price (ATP) of Rs 257 and spend per head (SPH) stood at Rs 136 as compared with 48.4 million admissions with an ATP of Rs 276 and SPH of Rs 136 in the same period last year.

The company is highly focused on executing its strategy to drive free cash flow generation, improve return metrics, and reduce debt. Despite a relatively soft first half in FY25, the company generated positive free cash flow and reduced net debt by Rs 1,409 million.

On half-year basis, the firm reported consolidated net loss of Rs 190.5 crore in H1 FY25 as against net profit of Rs 84.7 crore posted in H1 FY24. Total income declined by 14.02% YoY to Rs 2,883.3 in H1 FY25.

Ajay Bijli, managing director, PVR INOX, said, The performance in this quarter, highlights the enduring appeal of cinema and the power of compelling content. Our strategy of combining fresh blockbusters with nostalgic rereleases has resonated strongly with audiences, reinforcing our position as a leader in the multiplex industry.”

Till date, in the current financial year, the company has opened 71 new screens and closed 42 underperforming screens, resulting in a net addition of 29 screens. Its current screen portfolio includes 1,747 screens across 356 cinemas in 111 cities in 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 scrip advanced 2.21% to currently trade at Rs 1,621.85 on the BSE.

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