PVR Inox shares rise 2.5% as Saiyaara smashes records; check details

According to news reports, Mohit Suri’s Saiyaara, starring newcomers Ahaan Panday and Aneet Padda, has rewritten box office history. Exceeding all expectations, the film has raked in a staggering ₹83 crore (India net) in its opening weekend, making it the biggest-ever debut for lead actors in Hindi cinema.

Taran Adarsh, a film critic and trade analyst, in his post on X said, "'SAIYAARA' REBOOTS - RE-ENERGISES - REJUVENATES THE INDUSTRY... Yes, #Saiyaara is rewriting the record books… It's drawing audiences in hordes – and that, in itself, is a hugely positive sign for the industry... But more than just the numbers, the learnings from #Saiyaara are invaluable."

PVR INOX is the largest cinema chain in India. It was created from the merger of PVR Ltd and INOX Leisure Ltd. Ajay Bijli is the managing director of PVR INOX Ltd. The merger created a combined entity with 361 cinemas and 1,689 screens across 115 cities in India and Sri Lanka, as per reports.

On the BSE too, shares of PVR Inox jumped 2.5% to ₹1,044.50 apiece.

On July 2, Executive Director Sanjeev Kumar Bijli said PVR INOX plans to add around 200 screens in two years at an investment of up to ₹400 crore.

"This financial year, 2025-26, we have about 100 screen openings planned, and out of which we have opened about 20 already in the first quarter, and we have another 82 to go. So, basically, we are on track to open about 100 screens this year," he said when asked about the company's expansion plans.

Out of the 100 screens, 40 screens are in South India, including Hyderabad, Bangalore and Hubli. At the same time, some cinemas will come up in Mumbai, Delhi, and Gurugram, and some smaller towns like Siliguri, Jabalpur, Leh and Gangtok.

"It is a bit of a mixed bag, but 40% of this (expansion) still remains in South India, and about 20% in smaller towns," Bijli said.

Even going forward, he said, "We have quite a few cinemas (lined up) for 2026-27 as well. We have 80 screens opening (planned), but we can easily get it stretched to about 100...but visibility (as of now) is of 80 screens, and out of that also about 40% is again in South India."

In April, PVR INOX said it was betting big on the franchise-owned company-operated (FOCO) model to expand its presence beyond metros in India while also seeking to spread its affordable luxury offering.

PVR INOX Q4 FY25 results

PVR INOX reported a narrowing of its consolidated net loss to ₹125.3 crore in the March quarter of FY25, while its revenue from operations fell marginally to ₹1,249.8 crore.

The company reported a net loss of ₹129.7 crore in the March quarter of FY24, and its revenue from operations was at ₹1,256.4 crore, according to a regulatory filing by the company.

However, PVR INOX reported widening of its net loss to ₹280.9 crore in the financial year ended March 2025. It was at ₹32.7 crore a year before in FY24.

Its total consolidated income for FY25 was 5% lower at ₹5,953.6 crore as against ₹6,263.7 crore a year ago.

"Both Bollywood and Hollywood underperformed, contributing to a 9% decline in the company's overall gross box office revenue. Hindi box office collections dropped 26%, primarily due to a 14% reduction in film releases, the absence of major superstar-led titles, and multiple postponements," the company said in its earnings statements.