PVR Inox’s Q4 was more slow burn than blockbuster, steady in parts, but far from a big comeback, as the movie industry continues to struggle.
By the numbers: the company reported a consolidated net loss of ₹125 crore in Q4 FY25, slightly narrowing from ₹129.5 crore in the same quarter last year. Revenue dipped marginally to ₹1,250 crore, marking a 0.5% YoY contraction.
What’s up: despite a packed release calendar, the company’s losses persist because box office hits alone aren’t enough anymore. Audiences are more selective, and OTT has permanently reshaped consumer behavior. Fewer people are going to the movies, even when blockbusters succeed.
Moreover, running a cinema isn’t cheap and comes with high-overhead costs (think rent, salaries, etc.). Even if footfalls go up slightly, the costs remain constant and eat into profits.
- Worth noting: PVR Inox added 77 new screens in Q4, great for growth, but it comes with big setup costs and takes time to turn profitable.
Big picture: movie business continues to remain volatile post pandemic. After peaking in 2023, box office revenues dipped 3% in 2024—but they’re still well above pre-COVID levels.
