PVR INOX Reports Significant Profit Surge in Q3
New Delhi, Feb 6 (PTI) – Multiplex operator PVR INOX announced a remarkable nearly three-fold increase in its consolidated net profit, reaching ₹35.9 crore for the third quarter ending December. This growth was bolstered by record-high average ticket prices and increased spending on food and beverages. The company, previously known as PVR Ltd, had reported a net profit of ₹12.8 crore during the same period last year, as per a regulatory filing. Revenue from operations for the quarter was ₹1,717.3 crore, marking an 11 percent rise compared to ₹1,545.9 crore in the previous year.
PVR INOX attributed its success to blockbuster films, stating, “Q3 achieved the highest box office earnings of the year.” The film “Pushpa 2” set a new benchmark as the biggest blockbuster in Indian cinema, contributing 36 percent of the company’s third-quarter box office collections in India and 12 percent of its 2024 collections.
During the quarter, PVR INOX recorded 3.73 crore admissions, with an average ticket price (ATP) of ₹281, the highest quarterly average to date. Additionally, the company achieved a record F&B spend per head of ₹140 and the highest quarterly advertisement income of ₹148.6 crore since the pandemic.
The October-December quarter began strongly with Tamil and Telugu films, including Junior NTR’s “Devara Part-1” and Rajnikanth’s “Vettaiyan.” November saw a resurgence in Hindi cinema with hits like “Singham Again” and “Bhool Bhulaiyaa 3,” each grossing around ₹300 crore. Regional films also performed well, with “Amaran” surpassing ₹250 crore, becoming the second highest-grossing Tamil film of the year.
December emerged as the standout month, driven by the record-breaking release of “Pushpa 2,” which grossed over ₹1,450 crore in India, with its Hindi dubbed version achieving over ₹900 crore, setting a new record for the highest-grossing Hindi film.
PVR INOX’s total expenses for the December quarter were ₹1,712.8 crore, reflecting a 7.9 percent increase. Revenue from the movie exhibition business rose by 5 percent to ₹1,638.8 crore, while revenue from movie production and distribution surged over three-fold to ₹146.4 crore, up from ₹41.2 crore in the same quarter last year. Total income, including other income, increased by 9.6 percent to ₹1,759.1 crore.
During the quarter, PVR INOX opened 11 new screens, bringing its total to 1,728 screens across 350 cinemas in 111 cities in India and Sri Lanka.
