PVR INOX Limited announced its audited standalone and consolidated financial results for the quarter and 12 months ended March 31, 2025.
For Q4 FY25 (adjusted for Ind AS 116):
Revenue: ₹12,853 million
EBITDA: ₹250 million
PAT loss: ₹-1,058 million
Patrons: 30.5 million
Average Ticket Price (ATP): ₹258
F&B Spend Per Head (SPH): ₹125
For the 12 months FY25 (adjusted for Ind AS 116):
Revenue: ₹58,746 million
EBITDA: ₹4,703 million
PAT loss: ₹-1,519 million
Patrons: 136.9 million
ATP: ₹259
SPH: ₹134
The box office in FY25 was impacted by an uneven release calendar, leading to a 9% decline in overall gross box office revenue. Hindi box office dropped 26%, and Hollywood revenues fell 28%.
Hindi-dubbed films saw a significant 153% surge.
The company focused on strategic priorities including curated re-releases (adding 7.1 million footfalls, ₹124 crore gross ticket sales) and value initiatives like Cinema Lovers Days, National Cinema Day, and Blockbuster Tuesdays.
Disciplined cost optimization efforts resulted in ₹57 crore savings in Rent and CAM. Total fixed costs per screen grew at a CAGR of just 0.8% over FY20-FY25.
72 screens were closed and 77 new ones were opened during the year. The current screen portfolio stands at 1,743 screens across 352 cinemas in 111 cities.
PVR INOX is transitioning to a Capital-Light Growth model, with 2 management-operated cinemas recently opened and 23 cinemas (101 screens) signed under this model for the next 12-24 months.
Net Debt reduced by ₹4,782 million over the past 24 months (post-merger), from ₹14,304 million on 31 March 2023 to ₹9,522 million on 31 March 2025.
Management Comment (Mr. Ajay Bijli, MD): "FY’25 was a year of transformation — defined by our renewed focus on innovation and agility. We evolved from being reactive to becoming resilient and emerging as a more agile, future ready organization, laying the groundwork for long-term sustainability and relevance in a rapidly changing entertainment landscape.”
Outlook for FY26 includes a strong lineup of content across Hollywood, Bollywood, and Regional cinema with many eagerly awaited releases expected.