PVR Inox is is building up its asset-light growth strategy, particularly in South India, where it is expected to add 30–40 new screens, Nuvama noted.
Following the correction in the Indian stock markets, domestic brokerage Kotak Institutional Equities has upgraded three renowned stocks- RIL, Dixon Tech & PVR Inox.
He said that this caused him "mental agony" during a show of the Vicky Kaushal-starrer Sam Bahadur.
PVR INOX Q3 Earnings: Profit Soars 176%, Revenue Up 11% | Exclusive Interview with Ajay Bijli & Gaurav Sharma. PVR INOX has delivered a strong Q3 performance, with net profit surging 176% to ₹36 crore, compared to ₹13 crore in the same quarter last year. Revenue witnessed an 11% rise to ₹1,717.3 crore, while EBITDA climbed 12% to ₹527.5 crore. Margins remained steady at 31% vs 30.5% YoY. The quarter also saw record-breaking numbers: ✅ 37.3 million patrons visited PVR INOX cinemas ✅ Highest-ever ATP (Average Ticket Price) of ₹281 ✅ Record F&B Spend Per Head (SPH) of ₹140 ✅ Ad income hit ₹1,486 million, the highest post-Covid ✅ 11 new screens opened across 2 properties As of now, PVR INOX operates 350 cinemas with 1,728 screens across 111 cities, cementing its leadership in the multiplex industry. In an exclusive conversation with Business Today TV’s Sakshi Batra, Ajay Bijli (MD, PVR INOX) and Gaurav Sharma (CFO, PVR INOX) discuss the Q3 earnings, box office performance, Bollywood vs Hollywood trends, South Indian cinema, debt reduction, new screen launches, and even the surprising demand for Makhana at theatres! 📺 Watch this exclusive interview to get the inside scoop on PVR INOX’s business strategy and the future of the Indian multiplex industry!
PVR Inox stock slipped nearly 1% to close at Rs 1122. Market cap of the firm stood at Rs 11,018 crore.
In a landscape dominated by the Big four accounting firms, Dhruva Advisors has struck it big on the back of its tax and regulatory advisory services, assisting some of the marquee deals of India Inc.
JM said PVR Inox is going off F&O segment on February 28, prompting unwinding. It said future-cash spread had increased in October, likely on expectations of a strong Q3, but that did not pan out.Â
Nirmal Bang Institutional Equities said 3QFY25 will likely be a very strong quarter with occupancies closer to 30 per cent on the back of many strong performers as well as the holiday season.Â
Pushpa 2 back in PVR INOX: Within 15 days of its release, Pushpa 2 has made Rs 990 crore in the domestic box office. In the first week itself, the movie had made Rs 725.8 crore.Â
Allu Arjun-starrer 'Pushpa 2: The Rule' had a blockbuster day one as the action-packed sequel to Sukumar's 'Pushpa: The Rise' grossed an impressive Rs 175 crore worldwide.
Pushpa 2 release date: The film is set to hit theatres worldwide on December 5, 2024, and will be available in various formats, including 3D, IMAX, 4DX, D-Box and PVR ICE
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