PVR INOX Q2 profit rises 111% to ₹273.3 crore as screen plan targets 500 additions

PVR INOX reported adjusted Q2 FY27 profit after tax from continuing operations of ₹273.3 crore, up 111%, and outlined a plan to add 500 screens over three years. Managing director Ajay Bijli said the company remained on track to open around 90-100 screens in FY27, with most openings planned for the second half.

PVR INOX Q2 FY27 revenue reaches ₹2,132.7 crore

PVR INOX reported adjusted revenue of ₹2,132.7 crore in Q2 FY27, up 17% from prior year.

For the quarter under review, the Company’s adjusted EBITDA stood at ₹475.2m, up 44% year-on-year, as reported by PVR INOX.

Adjusted PAT from continuing operations rose by 111% at Rs 273.3mn (PVR INOX).

PVR INOX plans 500 screens across three years

Kamal Gianchandani, chief business planning and strategy officer at PVR INOX said the chain planned to open 500 screens over three years.

PVR INOX plans to open around 90-100 screens in FY27 followed by 150-175 screens in FY28.

Ajay Bijli, managing director, said most FY27 openings were planned for the second half and would be mainly under capital-light formats.

SMART Cinemas target around 300 smaller-market cities

PVR INOX has identified around 300 cities for SMART Cinemas, a capital-light format for smaller markets.

The company's first SMART Cinema opened in Muzaffarpur, Bihar, in September.

Bijli said SMART Cinemas require 25-30% less capital expenditure and around 25% lower operating expenditure than cinemas in major cities.

PVR INOX operated 1,797 screens across 114 cities

PVR INOX opened 24 screens across six cinemas in H1 FY27, predominantly under asset-light models.

The company exited 25 screens during H1 FY27, mostly loss-making properties.

As of September 30, PVR INOX operated 1,797 screens across 114 cities in India and Sri Lanka.

FY27 capital expenditure planned at ₹300-320 crore

Chief financial officer Gaurav Sharma said capital expenditure was planned at ₹300-320 crore in FY27, with ₹330 crore at the upper end of the range.

Sharma said capital expenditure was expected to exceed ₹350 crore in FY28, depending on project execution and screen additions.

PVR INOX spent around ₹132 crore on capital expenditure in H1 FY27.