PVR INOX Ltd.
PVRINOXConsumer Discretionary filings
We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.
Earnings calls
16 transcript(s)/analyst meet(s) served; 0 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (0 of 16 documents here); elsewhere sentences render unattributed.
| Kind | Date | Period | Served | Attribution rate |
|---|---|---|---|---|
| TRANSCRIPT | 20210609 | 2021-03-31 | yes | |
| TRANSCRIPT | 20211025 | 2021-09-30 | yes | |
| TRANSCRIPT | 20220125 | 2021-12-31 | yes | |
| TRANSCRIPT | 20220512 | 2022-03-31 | yes | |
| ANALYST_MEET | 20220725 | 2022-06-30 | yes | |
| TRANSCRIPT | 20240207 | 2023-12-31 | yes | |
| TRANSCRIPT | 20240520 | 2024-03-31 | yes | |
| TRANSCRIPT | 20240726 | 2024-06-30 | yes | |
| TRANSCRIPT | 20241018 | 2024-09-30 | yes | |
| TRANSCRIPT | 20250213 | 2024-12-31 | yes | |
| TRANSCRIPT | 20250516 | 2025-03-31 | yes | |
| TRANSCRIPT | 20250812 | 2025-06-30 | yes | |
| TRANSCRIPT | 20251027 | 2025-09-30 | yes | |
| TRANSCRIPT | 20260212 | 2025-12-31 | yes | |
| TRANSCRIPT | 20260518 | 2026-03-31 | yes | |
| TRANSCRIPT | 20260730 | 2026-06-30 | yes |
PVRINOX
files the standard Schedule III statements. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.
Identity
| Statement division | general |
| Scope served | consolidated |
| Panels on this page | 4 |
Market
No split, bonus or consolidation is on record for this company inside the period this price series covers, so the closes need no adjustment.
| Last close | 1,256.70 |
| 52-week range | 918.6 – 1349.3 |
| Return 1M | 2.09% |
| Return 3M | 27.4% |
| Return 1Y | 12.81% |
| Return 3Y | -26.74% |
| Return 5Y | -16.82% |
| Market capitalisation | not shown — we could not confirm it |
| Shares outstanding | not shown — we could not confirm it |
| P/E | not shown — we could not confirm it |
| P/B | not shown — we could not confirm it |
| EV/EBITDA | not shown — we could not confirm it |
Latest quarter filed — period ending 2026-06-30
In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.
| Revenue from operations | 1,622.00 |
| Other income | 26.00 |
| Total income | 1,648.00 |
| Cost of materials consumed | 118.00 |
| Purchases of stock-in-trade | 0.00 |
| Changes in inventories | 0.00 |
| Employee benefit expense | 177.00 |
| Finance costs | 164.00 |
Ownership — 2026-06-30, and the change from 2026-03-31
| Holder | Per cent | Change |
|---|---|---|
| promoter and promoter group | 0.28 | 0.00 |
| institutions foreign | 0.18 | 0.00 |
| institutions domestic | 0.36 | -0.01 |
| mutual funds | 0.30 | -0.01 |
| public | 0.72 | 0.00 |
Documents on file
| Class | Most recent | On file |
|---|---|---|
| ANALYST_MEET | 2022-06-30 | 1 |
| TRANSCRIPT | 2026-06-30 | 15 |
Financial statements
Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.
Quarterly results, as filed
| Line | 2022-09-30 | 2022-12-31 | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 687.00 | 941.00 | 1,143.00 | 1,305.00 | 2,000.00 | 1,546.00 | 1,256.00 | 1,191.00 | 1,622.00 | 1,717.00 | 1,250.00 | 1,469.00 | 1,823.00 | 1,880.00 | 1,547.00 | 1,622.00 |
| Other income | 16.00 | 20.00 | 22.00 | 25.00 | 24.00 | 59.00 | 49.00 | 29.00 | 42.00 | 42.00 | 61.00 | 32.00 | 36.00 | 40.00 | 77.00 | 26.00 |
| Total income | 703.00 | 961.00 | 1,165.00 | 1,330.00 | 2,024.00 | 1,605.00 | 1,306.00 | 1,219.00 | 1,664.00 | 1,759.00 | 1,311.00 | 1,502.00 | 1,859.00 | 1,920.00 | 1,624.00 | 1,648.00 |
| Cost of materials consumed | 63.00 | 78.00 | 93.00 | 107.00 | 154.00 | 125.00 | 113.00 | 100.00 | 133.00 | 134.00 | 100.00 | 120.00 | 131.00 | 140.00 | 108.00 | 118.00 |
| Purchases of stock-in-trade | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Employee benefit expense | 95.00 | 94.00 | 151.00 | 156.00 | 168.00 | 163.00 | 171.00 | 164.00 | 177.00 | 174.00 | 170.00 | 173.00 | 193.00 | 192.00 | 178.00 | 177.00 |
| Finance costs | 128.00 | 127.00 | 189.00 | 194.00 | 200.00 | 197.00 | 200.00 | 204.00 | 206.00 | 203.00 | 196.00 | 191.00 | 188.00 | 181.00 | 173.00 | 164.00 |
| Depreciation and amortisation | 153.00 | 155.00 | 296.00 | 291.00 | 309.00 | 317.00 | 303.00 | 314.00 | 329.00 | 320.00 | 316.00 | 308.00 | 317.00 | 317.00 | 330.00 | 314.00 |
| Other expenses | 375.00 | 480.00 | 635.00 | 689.00 | 971.00 | 786.00 | 694.00 | 674.00 | 832.00 | 882.00 | 696.00 | 780.00 | 888.00 | 926.00 | 810.00 | 799.00 |
| Total expenses | 813.00 | 935.00 | 1,364.00 | 1,438.00 | 1,802.00 | 1,587.00 | 1,481.00 | 1,458.00 | 1,679.00 | 1,713.00 | 1,479.00 | 1,572.00 | 1,716.00 | 1,756.00 | 1,599.00 | 1,573.00 |
| Profit before exceptional items and tax | -110.00 | 26.00 | -199.00 | -108.00 | 222.00 | 18.00 | -175.00 | -238.00 | -15.00 | 46.00 | -168.00 | -70.00 | 143.00 | 164.00 | 25.00 | 76.00 |
| Exceptional items | 0.00 | 0.00 | -11.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -0.00 | -0.00 | -0.00 | -45.00 | -4.00 | 0.00 |
| Profit before tax | -110.00 | 26.00 | -210.00 | -108.00 | 222.00 | 18.00 | -175.00 | -238.00 | -15.00 | 46.00 | -168.00 | -70.00 | 142.00 | 119.00 | 21.00 | 76.00 |
| Current tax | 1.00 | 4.00 | -4.00 | 0.00 | 0.00 | 0.00 | 2.00 | 0.00 | 1.00 | 2.00 | 3.00 | 1.00 | 1.00 | -5.00 | 1.00 | 1.00 |
| Deferred tax | -40.00 | 6.00 | 128.00 | -26.00 | 55.00 | 4.00 | -48.00 | -59.00 | -4.00 | 9.00 | -45.00 | -17.00 | 36.00 | 29.00 | 4.00 | 18.00 |
| Tax expense | -39.00 | 10.00 | 124.00 | -26.00 | 56.00 | 5.00 | -46.00 | -59.00 | -3.00 | 11.00 | -42.00 | -16.00 | 37.00 | 24.00 | 6.00 | 19.00 |
| Profit for the period | -71.00 | 16.00 | -334.00 | -82.00 | 166.00 | 13.00 | -130.00 | -179.00 | -12.00 | 36.00 | -125.00 | -54.00 | 106.00 | 95.00 | 186.00 | 56.00 |
| Profit attributable to owners | -71.00 | 16.00 | -333.00 | -82.00 | 166.00 | 13.00 | -130.00 | 0.00 | -12.00 | 36.00 | -125.00 | 54.00 | 106.00 | 96.00 | 187.00 | 56.00 |
| Profit attributable to non-controlling interests | -0.00 | -0.00 | -1.00 | -0.00 | -0.00 | 0.00 | -0.00 | 0.00 | -0.00 | -0.00 | 0.00 | 0.00 | -0.00 | -0.00 | -0.00 | 0.00 |
| Other comprehensive income | -0.00 | 0.00 | 1.00 | -1.00 | 0.00 | 1.00 | 1.00 | 0.00 | 1.00 | -1.00 | -0.00 | -2.00 | -0.00 | -0.00 | -2.00 | -1.00 |
| Total comprehensive income | -72.00 | 16.00 | -333.00 | -83.00 | 166.00 | 14.00 | -129.00 | -179.00 | -11.00 | 35.00 | -126.00 | -56.00 | 105.00 | 95.00 | 184.00 | 56.00 |
| Earnings per share, basic | -11.70 | 2.65 | -51.31 | -8.33 | 16.97 | 1.30 | 13.21 | -18.21 | -1.20 | 3.66 | -12.73 | -5.51 | 10.78 | 9.75 | 19.00 | 5.75 |
| Earnings per share, diluted | -11.52 | 2.61 | -51.31 | -8.33 | 16.91 | 1.30 | 13.12 | -18.21 | -1.20 | 3.66 | -12.73 | -5.51 | 10.73 | 9.70 | 18.94 | 5.73 |
Annual results, as filed
| Line | 2019-03-31 | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 3,086.00 | 3,414.00 | 280.00 | 1,331.00 | 3,751.00 | 6,107.00 | 5,780.00 | 6,646.00 |
| Other income | 33.00 | 38.00 | 469.00 | 326.00 | 79.00 | 157.00 | 174.00 | 184.00 |
| Total income | 3,119.00 | 3,452.00 | 749.00 | 1,657.00 | 3,830.00 | 6,264.00 | 5,954.00 | 6,830.00 |
| Cost of materials consumed | 702.00 | 264.00 | 26.00 | 111.00 | 310.00 | 499.00 | 467.00 | 470.00 |
| Purchases of stock-in-trade | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Employee benefit expense | 337.00 | 394.00 | 217.00 | 269.00 | 439.00 | 657.00 | 686.00 | 706.00 |
| Finance costs | 128.00 | 482.00 | 498.00 | 498.00 | 572.00 | 791.00 | 810.00 | 733.00 |
| Depreciation and amortisation | 191.00 | 542.00 | 575.00 | 614.00 | 753.00 | 1,219.00 | 1,280.00 | 1,270.00 |
| Other expenses | 1,460.00 | 1,680.00 | 372.00 | 845.00 | 1,954.00 | 3,140.00 | 3,085.00 | 3,375.00 |
| Total expenses | 2,819.00 | 3,362.00 | 1,688.00 | 2,338.00 | 4,028.00 | 6,308.00 | 6,328.00 | 6,554.00 |
| Profit before exceptional items and tax | 300.00 | 90.00 | -938.00 | -681.00 | -198.00 | -44.00 | -374.00 | 276.00 |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | -11.00 | 0.00 | -0.00 | -49.00 |
| Profit before tax | 300.00 | 90.00 | -938.00 | -681.00 | -209.00 | -44.00 | -374.00 | 227.00 |
| Current tax | 102.00 | 30.00 | -1.00 | 1.00 | 2.00 | 3.00 | 6.00 | -1.00 |
| Deferred tax | 8.00 | 33.00 | -190.00 | -194.00 | 125.00 | -14.00 | -100.00 | 52.00 |
| Tax expense | 110.00 | 63.00 | -191.00 | -192.00 | 127.00 | -11.00 | -93.00 | 51.00 |
| Profit for the period | 184.00 | 27.00 | -748.00 | -489.00 | -336.00 | -33.00 | -281.00 | 333.00 |
| Profit attributable to owners | 183.00 | 0.00 | -748.00 | -488.00 | -335.00 | -32.00 | -280.00 | 334.00 |
| Profit attributable to non-controlling interests | 6.00 | 0.00 | -0.00 | -0.00 | -1.00 | -1.00 | 1.00 | -1.00 |
| Other comprehensive income | -13.00 | -7.00 | 0.00 | -2.00 | 1.00 | 0.00 | -0.00 | -4.00 |
| Total comprehensive income | 171.00 | 20.00 | -748.00 | -491.00 | -335.00 | -32.00 | -281.00 | 329.00 |
| Earnings per share, basic | 39.29 | 5.50 | -135.64 | 80.23 | -51.59 | 3.26 | -28.48 | 34.01 |
| Earnings per share, diluted | 39.04 | 5.47 | -135.64 | 80.23 | -51.59 | 3.24 | -28.48 | 33.87 |
Balance sheet, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Total assets | 7,316.00 | 16,476.00 | 17,011.00 | 16,820.00 | 16,852.00 | 16,262.00 | 16,094.00 | 15,612.00 |
| Non-current assets | 6,499.00 | 15,627.00 | 15,827.00 | 15,826.00 | 15,746.00 | 15,181.00 | 14,888.00 | 14,500.00 |
| Current assets | 816.00 | 850.00 | 1,184.00 | 994.00 | 1,106.00 | 1,081.00 | 1,206.00 | 1,112.00 |
| Property, plant and equipment | 1,483.00 | 2,943.00 | 3,020.00 | 3,106.00 | 3,164.00 | 3,031.00 | 2,942.00 | 2,873.00 |
| Capital work-in-progress | 104.00 | 247.00 | 248.00 | 246.00 | 94.00 | 96.00 | 96.00 | 32.00 |
| Goodwill | 1,052.00 | 5,743.00 | 5,743.00 | 5,743.00 | 5,743.00 | 5,743.00 | 5,743.00 | 5,737.00 |
| Other intangible assets | 151.00 | 148.00 | 144.00 | 138.00 | 131.00 | 126.00 | 120.00 | 116.00 |
| Inventories | 46.00 | 66.00 | 84.00 | 72.00 | 82.00 | 80.00 | 94.00 | 73.00 |
| Trade receivables | 106.00 | 182.00 | 250.00 | 235.00 | 180.00 | 243.00 | 219.00 | 267.00 |
| Cash and cash equivalents | 386.00 | 333.00 | 575.00 | 393.00 | 494.00 | 522.00 | 667.00 | 588.00 |
| Total equity and liabilities | 7,316.00 | 16,476.00 | 17,011.00 | 16,820.00 | 16,852.00 | 16,262.00 | 16,094.00 | 15,612.00 |
| Equity | 1,378.00 | 7,329.00 | 7,434.00 | 7,323.00 | 7,140.00 | 7,053.00 | 7,107.00 | 7,379.00 |
| Equity share capital | 61.00 | 98.00 | 98.00 | 98.00 | 98.00 | 98.00 | 98.00 | 98.00 |
| Other equity | 1,318.00 | 7,232.00 | 7,337.00 | 7,225.00 | 7,040.00 | 6,953.00 | 7,007.00 | 7,280.00 |
| Total liabilities | 5,938.00 | 9,147.00 | 9,577.00 | 9,497.00 | 9,712.00 | 9,209.00 | 8,987.00 | 8,234.00 |
| Non-current liabilities | 4,478.00 | 7,096.00 | 7,238.00 | 7,147.00 | 7,228.00 | 6,711.00 | 6,490.00 | 5,882.00 |
| Current liabilities | 1,459.00 | 2,051.00 | 2,340.00 | 2,350.00 | 2,484.00 | 2,498.00 | 2,497.00 | 2,352.00 |
| Borrowings, non-current | 1,045.00 | 1,272.00 | 1,159.00 | 1,047.00 | 1,060.00 | 920.00 | 857.00 | 459.00 |
| Borrowings, current | 509.00 | 520.00 | 526.00 | 670.00 | 662.00 | 571.00 | 441.00 | 299.00 |
| Trade payables | 282.00 | 514.00 | 0.00 | 651.00 | 605.00 | 752.00 | 720.00 | 595.00 |
Cash flow, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Net cash from operating activities | 314.00 | 864.00 | 1,301.00 | 1,979.00 | 984.00 | 1,967.00 | 1,138.00 | 2,160.00 |
| Net cash from investing activities | -145.00 | -576.00 | -345.00 | -627.00 | -246.00 | -303.00 | -131.00 | -29.00 |
| Net cash from financing activities | -284.00 | -694.00 | -713.00 | -1,292.00 | -636.00 | -1,535.00 | -862.00 | -2,065.00 |
| Purchase of property, plant and equipment | 165.00 | 636.00 | 370.00 | 634.00 | 210.00 | 334.00 | 138.00 | 259.00 |
| Net increase in cash | -115.00 | -405.00 | 243.00 | 60.00 | 102.00 | 130.00 | 145.00 | 66.00 |
| con:CFO.BEFORE_TAX | 298.00 | 922.00 | 1,294.00 | 1,946.00 | 986.00 | 2,011.00 | 1,143.00 | 2,160.00 |
| con:INTEREST_RECEIVED.OPERATING | 0.00 | -28.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INTEREST_PAID.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:DIVIDENDS_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:TAX_PAID.OPERATING | -16.00 | -0.00 | -7.00 | -33.00 | 3.00 | 44.00 | 5.00 | -0.00 |
| con:CF_OTHER.OPERATING | 0.00 | -29.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_PURCHASED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:PPE_DISPOSALS | 1.00 | 2.00 | 2.00 | 8.00 | 4.00 | 9.00 | 3.00 | 4.00 |
| con:CF_INVESTING.SUBSIDIARIES_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 222.00 |
| con:CF_INVESTING.SUBSIDIARIES_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.00 | 0.00 |
| con:CF_INVESTING.JV_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.00 | 0.00 | 2.00 |
Who owns it
The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.
| Holder | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter and promoter group | 27.46 | 27.61 | 27.84 | 27.84 | 27.84 | 27.84 | 27.49 | 27.49 | 27.53 | 27.53 | 0.28 | 0.28 | 0.28 | 0.28 |
| Domestic institutions | 30.20 | 33.14 | 37.20 | 39.22 | 40.21 | 38.78 | 39.85 | 40.03 | 36.30 | 36.52 | 0.35 | 0.35 | 0.36 | 0.36 |
| Mutual funds | — | — | — | — | — | — | — | — | — | 31.74 | 0.31 | 0.30 | 0.31 | 0.30 |
| Insurance companies | 4.64 | 3.91 | 4.06 | 4.29 | 4.21 | 3.95 | 3.98 | 3.67 | 3.52 | 4.21 | 0.04 | 0.04 | 0.04 | 0.04 |
| Foreign institutions | 31.19 | 26.84 | 23.26 | 21.84 | 16.80 | 18.08 | 20.69 | 19.21 | 20.39 | 19.71 | 0.22 | 0.21 | 0.18 | 0.18 |
| Government | — | — | — | — | — | — | — | — | — | 0.00 | 0.00 | — | — | — |
| Public | 72.54 | 72.39 | 72.16 | 72.16 | 72.16 | 72.16 | 72.51 | 72.51 | 72.47 | 72.47 | 0.72 | 0.72 | 0.72 | 0.72 |
| Non-institutional | 11.15 | 12.41 | 11.70 | 11.10 | 15.15 | 15.31 | 11.97 | 13.27 | 15.78 | 16.24 | 0.15 | 0.17 | 0.18 | 0.19 |
| Shares outstanding | 97967314 | 97972813 | 98121780 | 98132946 | 98134446 | 98135696 | 98193296 | 98199962 | 98199962 | 98199962 | 98199962 | 98199962 | 98199962 | 98199962 |
Related parties
Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.
| Counterparty | Relationship | Type | Amount in the period | Transactions |
|---|---|---|---|---|
| PVR INOX Pictures Limited | Subsidiary Company | Any other transaction, Investment | 688,290,000.00 | 6 |
| Zea Maize Private Limited | Subsidiary Company | Any other transaction, Interest received, Investment | 538,190,000.00 | 5 |
| Mr. Ajay Kumar Bijli | Managing Director | Remuneration | 117,650,000.00 | 1 |
| Mr. Pavan Kumar Jain | Chairman and Non executive Directo | Any other transaction | 87,500,000.00 | 1 |
| Mr. Sanjeev Kumar | Executive Director | Remuneration | 63,290,000.00 | 1 |
| PVR INOX Lanka Limited | Subsidiary Company | Any other transaction, Inter-corporate deposit, Inte | 37,266,000.00 | 6 |
| Bijli Realty Private Limited | Enterprises over which Key managem | Any other transaction | 24,824,000.00 | 2 |
| Kamal Gianchandani | Director | Remuneration | 9,869,000.00 | 1 |
| Shardul Amarchand Mangaldas & Co. | Enterprises over which Key managem | Any other transaction | 7,315,000.00 | 1 |
| PVR Nest | Enterprises over which Key managem | Any other transaction | 6,000,000.00 | 1 |
| Mr. Chirag Gupta | Whole-time Director | Any other transaction, Remuneration | 3,294,000.00 | 2 |
| Ms. Nayana Bijli | Relatives of Key Managerial Person | Any other transaction | 1,415,000.00 | 1 |
| Mr. Aamer Krishan Bijli | Relatives of Key Managerial Person | Any other transaction | 1,334,000.00 | 1 |
| Ms. Niharika Bijli | Relatives of Key Managerial Person | Remuneration | 1,061,000.00 | 1 |
| Mr. Sanjai Vohra | Independent Director | Any other transaction | 400,000.00 | 1 |
What management said
Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.
| Date | Quarter | Who spoke | |
|---|---|---|---|
| 2026-07-30 | Q1FY27 | INOX LIMITED, PVR INOX LIMITED | Read the call |
| 2026-05-18 | Q4FY26 | INOX LIMITED, PVR-INOX LIMITED | Read the call |
| 2026-02-12 | Q3FY26 | INOX LIMITED, LIMITED, PVR INOX LIMITED | Read the call |
| 2025-10-27 | Q2FY26 | INOX LIMITED, LIMITED, PVR IMOX, PVR INOX LIMITED, t ICICI Securities | Read the call |
| 2025-08-12 | Q1FY26 | INOX LIMITED, LIMITED, PVR INOX LIMITED | Read the call |
| 2025-05-16 | Q4FY25 | INOX LIMITED, LIMITED, PVR INOX LIMITED | Read the call |
| 2025-02-13 | Q3FY25 | Read the call | |
| 2024-10-18 | Q2FY25 | PVR-INOX LIMITED | Read the call |
| 2024-07-26 | Q1FY25 | INOX LIMITED, PVR-INOX LIMITED, – PVR-INOX LIMITED | Read the call |
| 2024-05-20 | Q4FY24 | INOX LIMITED, PVR-INOX LIMITED, – PVR-INOX LIMITED | Read the call |
| 2024-02-07 | Q3FY24 | INOX LIMITED, PVR-INOX LIMITED, – PVR-INOX LIMITED | Read the call |
| 2022-07-25 | Q1FY23 | DIRECTOR, PVR LIMITED | Read the call |
| 2022-05-12 | Q4FY22 | AXISCAPITAL, PVR LTD. | Read the call |
| 2022-01-25 | Q3FY22 | OFFICER – PVR PICTURES, PVR LIMITED | Read the call |
| 2021-10-25 | Q2FY22 | LIMITED, OFFICER, – PVR PICTURES | Read the call |
| 2021-06-09 | Q4FY21 | LIMITED, OFFICER, – PVR PICTURES | Read the call |
What they said about it, quarter by quarter
| Topic | Q3FY24 | Q3FY25 | Q3FY26 | Q4FY21 | Q4FY22 | Q4FY24 | Q4FY25 | Q4FY26 |
|---|---|---|---|---|---|---|---|---|
| Capex | As we've guided, all the free operating cash flow that we will achieve from the business after funding our capex needs will all go for debt reduction,… | Of these, 31 screens are under the management contract model, and 69 are under the asset-light model with 40 to upto 80% of the CAPEX investment is co… | So, I think even if we do not have anything to divest, accruals will be enough to take care, and the strong control that we have around CAPEX, as well… | We have currently suspended all new capex to fit out new screens. | Most of these will become operational in the latter half of the year and the entire CAPEX will be funded through internal accruals and liquidity avail… | Second is, is there any capex also involved from your side because branded food court, obviously, there will be some level of capex? | And second is in terms of your new initiative of low capex plus management contracts, what has been the initial response of the developers? | Capex intensity is down 24% year-on-year basis. |
| Capital allocation | — | — | In line with this focus, last month, we concluded the divestment of our entire stake in 4700BC premium snacking brand to Marico for an all-cash consid… | — | Second, if there is CCI involvement and there is a divestment of screens that is required from your side, is there a certain minimum threshold your lo… | — | So would the Board have thought around doing dividends again or some buyback? | PAT for Q4 '26 and fiscal 2026 also included gains on the divestment of 4700BC to Marico. |
| Costs | I would request Gautam and Alok to contribute on the cost savings that we've had, and then I can come back to answer the PVR Picture related question. | Even for the nine-month period ending December’24, our overall fixed cost has been at a flat level, despite of the cost inflation. | — | So shut down has happened consequent to that but again like we implemented cost savings and cost control measures last year, same practice has been re… | One was during the pre-COVID period, you had made certain structural cost saving measures across the OPEX line, at that point, I think you had mention… | — | In fact, over a 5-year period from FY '20 to FY '25, on a per-screen basis, the company's total fixed cost per screen has increased by a CAGR of only … | — |
| Debt and cash | The surplus cash flows will be used for debt reduction, which we've already done, and this is demonstrated in the first 9 months of the year. | Post merger, PVR INOX Limited February 06, 2025 the Company has consistently managed to reduce its net debt. | February 05, 2026 We remain focused on generating healthy free cash flows, deleveraging and strengthening our balance sheet. | So, we keep on updating on what the liquidity position is and depending on credit market we decide whether we want to refinance it or just pay from ou… | I think our leverage is ideally peaked now and as we get into earnings and cash flow generation from the business, hopefully, it should start coming d… | So the idea is to leverage our brand and market leadership to fund bulk of the growth as we go forward and focus on the free cash flow generation from… | We're pleased to share that we continue to strengthen our balance sheet with net debt reduced from INR1,430 crores in March 2023 to INR952 crores in M… | Robust operating performance, sustained cost discipline and reduced capital intensity have driven consistent free cash flow generation over the past 3… |
| Demand | I just wanted to get your sense that after this? number is done for this year, do you think this is largely done with the adjustments we have to make … | I do understand Q4 because exam season anyway pipeline every year is a bit less. | Regional Cinema also enters the year with strong momentum led by titles such as Toxic, Peddi, Fauji, and Jailor 2; while Hollywood pipeline for India … | Globally, a pent-up demand for theatrical exhibition of movies has been witnessed, evidenced by the record-breaking box office collection in countries… | With a strong pipeline of content that is available for release over the next several months, we are very confident that the business will continue to… | What will change is the robust pipeline that will bring people back to the cinemas because of the supply and the appetite to go out and watch movies h… | A shift that underscores our commitment to innovation in driving demand and enhancing audience engagement. | Our signed capital-light pipeline now stands at 138 screens, 52 under FOCO and 86 under asset- light. |
| Guidance | I have a question on our screen opening guidance. | And regarding our expansion in the South, any kind of guidance that you can give on the screen additions given the regional films are doing very well? | Looking ahead to Calendar Year 2026, we are increasingly optimistic on the outlook for the theatrical industry with content visibility that is stronge… | So what we expect really, I think the bulk of the growth that is happening in the Indian multiplex industry will further get consolidated amongst the … | Could you talk about the outlook for that for the coming quarters, please? | Given that you are pivoting to a slightly more asset-light model, do we expect that those ratios don't dramatically change given that you are putting … | As the strategy scales, we anticipate a significant reduction, in new screen capex intensity, reinforcing our focus on efficient and sustainable growt… | At this stage, it's hard for us to give a guidance on what exact percentage drop that will happen in terms of percentage of revenue. |
| Margin | Total revenue for the quarter was INR1,569 crores, EBITDA was INR226 crores and PAT was INR41 crores. | From here on what levers do we have to improve the cost structure or margin trajectory? | On the back of a strong performance from titles such as Dhurandhar and Avatar Fire and Nash, December emerged as the third highest month in terms of a… | EBITDA loss was 118 crores and PAT loss was 272 crores, as compared to the revenue of 662 crores in the same period, last year, EBITDA was 59 crores a… | The Company witnessed operational losses at the EBITDA level for the month of January and February followed by strong profitability for the month of M… | And the second question I had was, if we were to remove the drag of 70 screens that you plan to close in the upcoming financial year, would it be poss… | EBITDA was INR25 crores, and PAT loss was INR106 crores as compared to revenue of INR1,290 crores, EBITDA of INR35 crores, and PAT loss of INR90 crore… | EBITDA rose nearly six fold to INR169 crores and PAT was INR178 crores versus a loss of about INR10 crores -- INR106 crores. |
| People | — | — | — | — | We have kept our headcount low as compared to pre-pandemic and we are reasonably confident that we will be able to operate next year on a same store l… | — | — | — |
| Pricing | And any friction point, basis on the pricing of a ticket is completely removed. | And if I can squeeze in one more question, any thoughts on price hikes in our F&B segment? | So when two big films, example, the one on 19th March or the Hollywood one that's happening in December this year, is that a benefit for PVR in terms … | We quickly reached ticket pricing levels which we were operating at pre-COVID levels and also our average F&B spends in cinemas were also close to wha… | Firstly, in terms of ticket pricing, the trends were very strong last quarter. | — | Despite content challenges, we balanced value promotions with strategic pricing on big releases, maintaining a steady ATP of INR259 same as previous y… | Now obviously, diesel and petrol price hike is just an event which will happen very quickly now. |
| Revenue growth | As far as this financial year is concerned, we've allocated more capital for this business, and you can be rest assured that next year, you would not … | And it has been growing at a very rapid pace of more than 25% top line growth every year. | During the quarter, we welcomed 40.5 million guests to our cinemas, representing a growth of 9% year-on-year. | Now, the other format which is the new format, the multiplexes, the growth of that has got nothing to do with the single screen closing down or openin… | We could have done better if there was no COVID impact in the beginning of calendar year 2021, we could have done better in terms of top line and most… | This year, they've picked up versus last year, and we are hoping that as the momentum continues, hopefully, this year, we should see ad revenue growth… | — | EBITDA before exceptional items doubled to INR968 crores with margins expanding from 8.4% to 14.4%, reflecting both strong revenue growth and the cost… |