PVR Inox Q3 results: Profit soars 177% to Rs 36 crore as multiplex giant bounces back

PVR Inox delivered a blockbuster Q3FY25 performance, reporting a 177% surge successful nett profit to Rs 36 crore, recovering from 2 consecutive quarters of losses. This marked a crisp betterment from the Rs 13 crore nett posted successful the aforesaid 4th past year.

Revenue for the December 4th stood astatine Rs 1,717.3 crore, an 11% year-on-year (YoY) growth from Rs 1,545.9 crore. The beardown numbers besides outperformed expert expectations, which had pegged nett astatine astir Rs 24.9 crore.

Screen enlargement and strategical shift

During the fiscal, PVR Inox added 77 caller screens portion exiting 67 underperforming screens arsenic portion of its portfolio restructuring. The institution remains connected way to launch 100-110 caller screens for the afloat year, with its full number presently astatine 1,728 screens crossed 350 cinemas successful 111 cities spanning India and Sri Lanka.

In a strategical shift, PVR Inox has signed 100 caller screens nether its ‘Capital Light’ maturation model, which emphasizes asset-light enlargement to optimize costs and amended profitability. This includes 31 screens nether a ‘Management Contract’ model and 69 screens successful the ‘Asset Light’ model, with plans for rollout implicit the adjacent 2 to 3 years.

Optimism for the future

Ajay Kumar Bijli, Managing Director of PVR Inox, highlighted the company’s absorption connected financial discipline, outgo control, and content-driven growth. “With a robust contented pipeline and strategical initiatives, we are assured successful sustaining our enactment and delivering semipermanent worth for each stakeholders,” helium said.

As the institution pivots towards a much businesslike concern model, its quality to equilibrium enlargement with profitability volition beryllium cardinal successful maintaining its dominance successful India’s multiplex industry.