Key Highlights
- PVR INOX reported Q3 FY26 revenue of ₹1,907.7 crore excluding Ind AS 116 impact.
- EBITDA for the December 2025 quarter stood at ₹343.5 crore with PAT of ₹114.9 crore.
- Cinema footfalls increased 8.6% year-on-year to 4.05 crore patrons.
- Net debt declined 74% since merger to ₹365.2 crore.
- The company operates 358 cinemas with 1,791 screens across 112 cities.
PVR INOX Limited announced its unaudited standalone and consolidated financial results for the quarter and nine-month period ended December 31, 2025, reporting steady revenue growth, improved profitability and a significant reduction in debt levels.
For the third quarter of FY26, the company recorded revenue of ₹1,907.7 crore, excluding the impact of Ind AS 116. EBITDA for the quarter stood at ₹343.5 crore, while profit after tax rose to ₹114.9 crore, reflecting improved operating performance and disciplined cost control.
Cinema admissions during the quarter increased 8.6% year-on-year to 4.05 crore patrons, supported by a stronger content slate. The average ticket price increased 4.1% to ₹293, while average food and beverage spend per head rose 4.2% to ₹146, contributing to revenue growth despite moderate occupancy levels.
For the nine-month period ended December 2025, PVR INOX delivered its highest post-pandemic performance, with revenue of ₹5,238.8 crore, EBITDA of ₹784.9 crore, and PAT of ₹207.8 crore, excluding Ind AS 116. Total admissions during the period stood at 11.9 crore, marking an 11.8% year-on-year growth.
The company continued its capital-light expansion strategy, adding 20 screens across five cinemas during the quarter and 62 screens across 12 cinemas in the nine-month period through FOCO and asset-light models. As of date, PVR INOX operates 358 cinemas with 1,791 screens across 112 cities in India.
Strong operating cash flows resulted in a sharp improvement in the balance sheet, with net debt declining to ₹365.2 crore, the lowest level since the merger, representing a reduction of ₹1,065.2 crore or 74%. During the nine-month period, the company generated free cash flows of ₹587 crore.
Additionally, the company completed the divestment of its entire stake in the premium snacking brand 4700BC for ₹226.8 crore, further strengthening liquidity and accelerating progress toward negligible net debt levels.
Looking ahead, management indicated that the outlook for calendar year 2026 remains positive, supported by a robust pipeline of Hindi, regional and Hollywood film releases, continued focus on cost optimisation, capital-light growth and enhanced consumer experience.