PVR Inox Ltd Share Price – NSE /  BSE

Entertainment, Small Cap

PVR Inox announced the opening of its largest 9-screen multiplex at Phoenix Palladium Mall in Ahmedabad.

With the launch of this cinema, Gujarat gets its first luxury cinema with IMAX and LUXE formats that will offer an unparalleled cinema viewing experience to its patrons.

With this cinema opening, PVR INOX strengthens its presence in Ahmedabad with 36 screens in 6 properties and the state of Gujarat with 134 screens in 28 cinemas.

The company consolidates its presence in Central India to 210 screens in 43 properties.

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PVR Inox Ltd gained for a third straight session today. The stock is quoting at Rs 1480, up 3.41% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.56% on the day, quoting at 24341.6. The Sensex is at 79865.77, down 0.7%. PVR Inox Ltd has risen around 3.63% in last one month.

Meanwhile, Nifty Media index of which PVR Inox Ltd is a constituent, has risen around 1.15% in last one month and is currently quoting at 1976.3, up 1.93% on the day. The volume in the stock stood at 6.37 lakh shares today, compared to the daily average of 7.33 lakh shares in last one month.

The benchmark July futures contract for the stock is quoting at Rs 1484.55, up 5.19% on the day. PVR Inox Ltd is down 0.26% in last one year as compared to a 23.68% spurt in NIFTY and a 0.2% spurt in the Nifty Media index.

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

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Revenue from operations declined 8.75% year on year (YoY) to Rs 1,190.7 crore in the quarter ended 30 June 2024.

Total income in Q1 FY25 was at Rs 1,219.4 crore, down 8.3% as against Rs 1,329.8 crore posted in same quarter last year.

The firm reported a pre-tax loss of Rs 238.1 crore in the June quarter as compared with a pre-tax loss of Rs 107.9 crore reported in Q1 FY24.

EBITDA dropped 25.74% YoY to Rs 280.2 crore during the period under review. EBITDA margin reduced to 23% in Q1 FY25 as against 28.4% posted in corresponding quarter previous fiscal.

The company’s revenue from movie exhibition stood at Rs 1,169.5 crore (down 9.56% YoY) while revenue from movie production and distribution stood at Rs 49.6 crore (up 17.81% YoY), during the quarter.

In Q1 FY25, the company recorded 30.4 million admissions with an ATP of Rs 235 and SPH of Rs 134 as compared to 33.9 million admissions with an ATP of Rs 246 and SPH of Rs 130 in the same period last year.

“The quarter began on a soft note, with April and May getting impacted due to the general elections, which were the second longest in India's history at 44 days. This prompted many producers to postpone film releases, resulting in a 13% drop in the number of releases in the quarter as compared to the first quarter of last year,” the company stated in the press release.

On the growth front, during the quarter, the company opened 50 new screens and closed 14 underperforming screens, resulting in a net addition of 36 screens. Currently, the firm’s screen portfolio includes 1,754 screens in 361 cinemas across 113 cities in India and Sri Lanka.

Ajay Bijli, managing director of PVR INOX, said, With Kalki's continued success and a promising lineup ahead across languages, Q2 has begun on a positive note. There are no significant events expected in the near future to disrupt the release schedule. Additionally, Hollywood is expected to bounceback, as the effects of the writer and actor strikes are beginning to diminish. We anticipate a significantly improved performance in the remaining three quarters of the current fiscal year.”

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 1.56% to currently trade at Rs 1,425.95 on the BSE.

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Net Loss of PVR Inox reported to Rs 178.70 crore in the quarter ended June 2024 as against net loss of Rs 81.60 crore during the previous quarter ended June 2023. Sales declined 8.75% to Rs 1190.70 crore in the quarter ended June 2024 as against Rs 1304.90 crore during the previous quarter ended June 2023.

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