PVR INOX reported its financial results for Q3 and the nine-month period ending December 31, 2024, highlighting strong box office performance driven by blockbuster releases. The company posted quarterly revenue of Rs 1,738.8 crore, with EBITDA at Rs 258.3 crore and net profit at Rs 68.1 crore, marking its highest-ever quarterly average ticket price (Rs 281) and food & beverage spend per head (Rs 140). Advertising revenue also reached a post-pandemic high of Rs 148.6 crore.
For the nine-month period, PVR INOX reported a revenue of Rs 4,589.3 crore but a net loss of Rs 46 crore, despite 106.4 million admissions and an average ticket price of Rs 259. The company reduced net debt by Rs 434.6 crore since March 2023 and opened 77 new screens, bringing its total screen count to 1,728 across 350 cinemas in 111 cities.
Blockbuster hits, particularly Pushpa 2, which contributed 36% of Q3’s India box office collections, boosted earnings. Tamil and Telugu films dominated October, while Hindi films Singham Again and Bhool Bhulaiyaa 3 revived the box office in November. December saw record-breaking collections for Pushpa 2, with over Rs 1,450 crore in India, making its Hindi-dubbed version the highest-grossing Hindi film ever.
Looking ahead, PVR INOX is shifting to a ‘Capital Light’ growth model, with 100 new screens signed under asset-light and management contract structures over the next 2–3 years. The company remains optimistic about a strong Hollywood and Bollywood lineup in 2025, including sequels to major franchises.