🚀 PVR INOX Q3 Results: Record-Breaking Performances and Strategic Growth 🎬

PVR INOX has announced its unaudited standalone and consolidated financial results for Q3 and the 9-month period ending December 31, 2024. The quarter saw the highest box office earnings of the year, driven by blockbuster films and record-breaking performances across regional and Bollywood cinema. 📈🍿

Key Highlights:

Q3 Box Office Revenue: The average ticket price stood at ₹281, with spend per head at ₹140.
Advertising Revenue: Soared to ₹1,486 million, the highest since the pandemic.
Admissions: 37.3 million during Q3, and a total of 106.4 million admissions in the 9-month period.
Pushpa 2: Contributed 36% of Q3’s India box office collections and 12% of CY 2024’s total India box office earnings, making it the highest-grossing film in Indian cinema.

Regional and Bollywood films also had stellar performances, with Devara Part-1 and Vettaiyan contributing to a significant portion of October’s box office. By December, Pushpa 2 had crossed ₹1,450 crores in India, with its Hindi dubbed version becoming the highest-grossing Hindi film ever!

📽️ Looking Ahead to 2025 Hollywood is gearing up for a strong 2025 with major franchise sequels like Captain America, Fantastic Four, and Mission Impossible. Bollywood is also poised for big releases, with films like Chaava (Vicky Kaushal), Jaat (Sunny Deol), and War 2 (Hrithik Roshan) hitting theaters in the upcoming months. Regional cinema is no less, with films like Empuraan (Mohanlal) and Mass Jathara (Ravi Teja) joining the lineup.

📍 Expansion Plans PVR INOX continues its rapid growth with 77 new screens added and plans for 100–110 more by year-end. With the ‘Capital Light’ growth model, the company is signing agreements for 100 new screens over the next 2–3 years, further solidifying its leadership in the cinema industry.

💰 Financial Discipline Post-merger, the company has significantly reduced its net debt, from ₹14,304 million in March 2023 to ₹9,958 million in December 2024—a reduction of ₹4,346 million, demonstrating strong financial discipline.

Ajay Kumar Bijli, Managing Director of PVR INOX, commented on the company’s focus: “We remain committed to pivoting to the capital light model, enhancing free cash generation, controlling costs, and delivering a diverse slate of films to excite moviegoers. With a strong content pipeline and strategic growth initiatives, we are confident in sustaining our leadership and creating long-term value for our stakeholders.”

📊 With a thriving content pipeline, strategic growth, and focus on financial discipline, PVR INOX is primed for continued success in 2025 and beyond. 🎥

Author: Manvi Shah