PVR INOX Posts Record Q2 Earnings of Rs 2,132.7 Crore

PVR INOX, India’s largest cinema exhibitor, has reported record earnings for the September quarter of FY27 and announced plans to return around 30% of its annual surplus cash flow to shareholders through dividends and share buybacks. The company’s board approved a new capital allocation and dividend distribution policy, expanding its earlier dividend-only framework as stronger cash generation improves its capacity to reward investors.

The announcement follows a PVR INOX record quarter supported by strong film releases, higher consumer spending and disciplined cost management. PVR INOX reported net cash of Rs 140.7 crore as of September 30, 2026, even after completing its maiden Rs 300 crore share buyback in September.

PVR INOX Q2 FY27 Results Show Record Revenue of Rs 2,132.7 Crore

PVR INOX reported record quarterly revenue of Rs 2,132.7 crore, marking a 17% increase on an Ind AS 116-adjusted basis. Adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) rose 44% to Rs 475.2 crore, while the adjusted EBITDA margin expanded to 22.3% from 18.1% in the year-ago quarter.

Profit after tax from continuing operations more than doubled to Rs 273.3 crore, registering 111% growth.

The company welcomed 46.3 million patrons during the quarter, up 4%. Occupancy improved to 30.4% from 28.7% a year earlier. Average ticket prices increased 14% to Rs 298, while average food and beverage spending per head rose 14% to Rs 153. Ticketing revenue and food-and-beverage revenue each grew 18%.

PVR INOX Shareholder Return Policy Targets 30% of Surplus Cash Flow

Under its new capital allocation policy, PVR INOX plans to distribute approximately 30% of its annual surplus cash flow to shareholders through dividends and/or share buybacks.

The revised framework broadens the company’s earlier approach, which focused only on dividends. The policy comes after the cinema exhibitor completed its first Rs 300 crore share buyback in September and maintained a net-cash position.

The proposed distribution is linked to annual surplus cash flow. The company has not specified a fixed dividend amount or a guaranteed annual payout under the policy, so actual shareholder returns may depend on cash generation and future capital allocation decisions.

Also Read: PVR INOX Expands Beyond Movies with 'Live on Stage' Entertainment Push

India Box Office Collections Rise 23% to Record Rs 4,443 Crore

India’s gross box office collections increased 23% to a record Rs 4,443 crore during the September quarter, according to figures cited by PVR INOX based on Ormax Media and company estimates.

Strong Hollywood titles and domestic film releases contributed to the growth. Premium cinema formats, including IMAX, also benefited from audience demand.

English-language film collections in India rose 87% to Rs 1,024 crore during the quarter, crossing the Rs 1,000 crore mark for the first time. The performance highlighted the contribution of international content to the broader cinema market.

PVR INOX Screen Expansion Plan for FY27

PVR INOX operated 1,797 screens across 114 cities in India and Sri Lanka at the end of September 2026. During the first half of FY27, it opened 24 screens and exited 25, most of which were loss-making.

The company plans to add 90–100 screens in FY27, with most openings expected in the second half. The expansion is expected to rely largely on capital-light models, allowing the exhibitor to grow its network while managing capital requirements.

The record quarterly performance, improved operating margins and revised shareholder return policy mark key developments in PVR INOX’s financial and expansion strategy.