PVR INOX Limited Earnings Summary — Q1 FY2027
PVR INOX Swings to Profit in Q1 FY2027 Supported by Strong Movie Exhibition and Recovery in Revenue
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue grew 4.8% sequentially in Q1 FY2027.
- Revenue of ₹1,622 Cr is 11.9% higher year-on-year.
- Revenue has compounded at 12.0% annualised over the last 10 quarters.
- Net profit of ₹57 Cr is 204.6% above the same quarter last year.
- Profit growth is outpacing revenue growth, pointing to positive operating leverage.
- Net profit has compounded at 57.4% annualised across the period.
- Operating margin stands at 32.6% in Q1 FY2027.
- Operating margin expanded by 474 bps year-on-year.
- Over the last two years operating margin has expanded by 1146 bps.
- PBT margin is 4.7%.
- Expense growth of 4.6% remained below revenue growth of 11.9%.
- Operating profit of ₹529 Cr is 30.9% higher year-on-year.
- Operating leverage continues to improve.
- 5 of the last 6 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 74/100 (Strong) on the latest 10 quarters.
- Business momentum remains positive heading into the next quarter.
Quarterly Financials
Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %
| Metric | Trend | Latest Q1 FY2027 | Q4 FY2026 | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Improving | 1,622 | 1,547 | 1,850 | 1,823 | 1,450 | 1,230 | 1,717 | 1,622 | 1,191 | 1,256 |
| Expenses | Stable | 1,094 | 1,096 | 1,225 | 1,212 | 1,046 | 941 | 1,190 | 1,143 | 939 | 978 |
| Operating Profit | Improving | 529 | 452 | 625 | 612 | 404 | 289 | 528 | 479 | 252 | 278 |
| Operating Margin | Improving | 32.6% | 29.2% | 33.8% | 33.5% | 27.8% | 23.5% | 30.7% | 29.6% | 21.1% | 22.2% |
| Other Income | Volatile | 26 | 244 | -9 | 36 | 25 | 54 | 42 | 42 | 29 | 49 |
| Interest | Stable | 165 | 173 | 181 | 188 | 191 | 196 | 203 | 206 | 204 | 200 |
| Depreciation | Stable | 315 | 331 | 316 | 317 | 308 | 316 | 320 | 329 | 314 | 303 |
| Profit Before Tax | Volatile | 76 | 192 | 119 | 142 | -70 | -168 | 46 | -15 | -238 | -175 |
| Tax | Volatile | 19 | 6 | 24 | 37 | -16 | -42 | 11 | -3 | -59 | -45 |
| Net Profit | Volatile | 57 | 187 | 96 | 106 | -54 | -125 | 36 | -12 | -179 | -129 |
| Net Margin | Volatile | 3.5% | 12.1% | 5.2% | 5.8% | -3.7% | -10.2% | 2.1% | -0.7% | -15.0% | -10.3% |
Key Takeaways
- PVR INOX reported a sharp turnaround in Q1 FY2027 with a consolidated net profit of ₹565 million, compared to a net loss of ₹545 million in the same quarter last year.
- Revenue from operations grew 11.9% YoY to ₹16,222 million, driven by the core movie exhibition segment which contributed ₹16,141 million in revenue.
- Operating performance improved significantly as Profit Before Exceptional Items and Tax rose to ₹757 million from a loss of ₹632 million YoY.
- The company has undergone a leadership transition in its Audit Committee, with Mr. Vishesh Chander Chandiok appointed as Chairperson following the resignation of Mr. Dinesh Hasmukhrai Kanabar.
- Movie production and distribution segment saw a decline in revenue to ₹592 million compared to ₹1,228 million in the prior year's corresponding quarter.
- Consolidated finance costs were reduced to ₹1,645 million from ₹1,912 million YoY, reflecting ongoing efforts to manage debt and lease liabilities.
Management Guidance
Management is focused on post-merger synergy realization, aiming for cost efficiencies in procurement and advertising while rationalizing underperforming screens to deleverage the balance sheet.
Sentiment Shift
Improving
The swing from a net loss in the prior year's quarter to a profit, combined with growing revenue and expanding margins, indicates a successful recovery path despite volatility in film content.
Outlook
The company maintains a dominant position with 1,763 screens and expects to improve economic value through an asset-light expansion model and optimized seating capacity to restore pre-pandemic return profiles.
From the Annual Report (Key Quotes)
“Profit/(loss) before share in net loss of joint venture, exceptional items and tax stood at ₹756 million.”
“The Board approved the induction of Mr. Shuva Mandal, Additional Director (Independent Category), as a Member of the Audit Committee.”
“I have had no disagreements with the Board, the management or on any other matter relating to the Company's affairs governance, financial reporting, internal controls or compliance framework.”
Official Quarterly Documents
Ask AI about this quarter
This summary is AI-generated from PVR INOX Limited's latest quarterly filing and earnings call. For informational purposes only — not investment advice.