PVR INOX Q3 net profit jumps nearly 3-fold to Rs 35.9 crore, revenue up 11% at Rs 1,717.3 crore

Multiplex steadfast PVR INOX connected Thursday reported astir three-fold leap successful consolidated nett net astatine Rs 35.9 crore for the 3rd 4th ended December, supported by record-breaking mean summons prices and nutrient and beverage spend.

The company, earlier known arsenic PVR Ltd, had posted a nett net of Rs 12.8 crore successful the October-December play a twelvemonth ago, according to a regulatory filing.

Its gross from operations stood astatine Rs 1,717.3 crore, up 11 per cent successful the December 4th of the existent fiscal. In the year-ago period, the aforesaid was astatine Rs 1,545.9 crore.

"Blockbuster movies propelled Q3 to the highest container bureau net of the year," said PVR Inox successful its net statement.

The movie Pushpa 2 has created a "history arsenic the biggest blockbuster ever successful Indian cinema", which contributed 36 per cent of its 3rd 4th India container bureau collections and 12 per cent of its 2024 India Box bureau collections, it added.

During the quarter, the institution recorded 3.73 crore admissions with an ATP (Average summons price) of Rs 281, which according to PVR Inox is the "highest quarterly average".

Besides, successful the December quarter, PVR Inox besides had a grounds of highest quarterly F&B walk per caput of Rs 140 and highest quarterly advertisement income of Rs 148.6 crore aft the pandemic.

"This occurrence led to record-breaking mean summons prices and spending per head, reaching Rs 281 and Rs 140 respectively. Advertising gross besides soared to Rs 1,486 million, the highest since the pandemic," it said.

The October-December 4th started with beardown performances from Tamil and Telugu films - Junior NTR's Devara Part-1 and Rajnikanth's Vettaiyan successful October.

In November, Hindi cinema rebounded with 2 hits - Singham Again and Bhool Bhulaiyaa 3, each earning astir Rs 300 crore. Regional films continued their beardown performance, with Amaran surpassing Rs 250 crores and becoming the 2nd highest-grossing Tamil movie of the year.

"December emerged arsenic the biggest period of the year, driven by the record-breaking merchandise of Pushpa 2. The movie grossed implicit Rs 1,450 crore successful India, with its Hindi dubbed mentation achieving implicit Rs 900 crore, a caller grounds for the highest-grossing Hindi movie ever," it said.

PVR INOX's full expenses successful the December 4th were astatine Rs 1,712.8 crore, up 7.9 per cent.

In the December quarter, PVR INOX's gross from the movie accumulation concern was up 5 per cent to Rs 1,638.8 crore successful the December quarter.

However, its gross from movie accumulation and organisation was up implicit three-fold to Rs 146.4 crore. It was astatine Rs 41.2 crore successful the corresponding December 4th of the past fiscal year.

Its full income, which includes different income, was up 9.6 per cent to Rs 1,759.1 crore successful the December quarter.

During the quarter, 11 caller screens opened, taking PVR INOX full surface number to 1,728 screens successful 350 cinemas crossed 111 cities successful India and Sri Lanka.

Moreover, PVR Inox, which aft the merger is closing non-performing screens arsenic portion of a strategy to absorption connected profitable growth, has to day successful the existent fiscal, added 77 caller screens and exited 67 underperforming screens.

"For the full year, the institution expects to unfastened astir 100–110 caller screens," it said.

Going ahead, Managing Director Ajay Kumar Bijli said the absorption remains connected pivoting to the capital-light model, enhancing escaped currency generation, reducing nett debt, controlling costs and delivering a divers slate of films.

"With a robust contented pipeline, a slew of strategical maturation initiatives, and continued fiscal discipline, we are assured successful sustaining our enactment and driving semipermanent worth for each stakeholders," helium said.

Shares of PVR INOX Ltd connected Thursday settled astatine Rs 1,122 connected BSE, down 0.91 per cent from the erstwhile close.