Newsletter
PVR Inox delivered a good Q4, returning to profit as audiences flocked back to theatres. The stock fell nearly 4.5% post the results.
By the numbers:
Net profit: at ₹186.7 cr vs loss of ₹125 cr (YoY)
Revenue: up 25.8% YoY at ₹1,547.3 cr vs ₹1,230 cr
EBITDA: up 56% YoY at ₹452 cr vs ₹289.4 cr (YoY)
Margin: at 29.2% vs 23.5% (YoY)
The big driver? Bollywood’s comeback.
Unlike last year’s weak Hindi film slate, this quarter was powered by strong releases led by Ranveer Singh’s Dhurandhar. Films like Dhurandhar-The Revenge, Border 2, and Project Hail Mary helped PVR Inox clock its highest-ever fourth-quarter box office collections.
The management said FY26 was the strongest year ever for the Indian film industry, with total box office collections rising 11% to ₹13,519 crore.
Hindi cinema was the standout, with collections surging 55% year-on-year, while English films also had a strong year with 54% growth.
Another positive sign: growth is becoming broader. Mid-budget films earning ₹100-200 crore increased their share of collections from 12% to 20%, reducing the industry’s dependence on just a handful of mega-blockbusters.
What makes the performance even more impressive is that the fourth quarter is usually a lean period for cinemas, but strong content helped PVR Inox turn it into a standout quarter.
