PVR INOX shares tumble over 7%; why are shares falling today?

Shares of PVR INOX slid as much as 7.3% to hit a low of ₹1,137.60 apiece on the NSE in the early trade on Monday, September 7. The stock came under selling pressure as the stock has crossed the record date for its ₹300 crore share buyback.

The company had fixed September 4 as the record date to determine shareholders eligible to participate in the buyback, under which it will repurchase up to 20.69 lakh shares at ₹1,450 apiece through the tender-offer route.

With the record date now behind, some of that event-driven demand has faded, potentially leading to profit-taking and pressure on the stock.

Importantly, ₹1,450 is the buyback price and not a guaranteed exit price for all eligible shareholders, as the company will accept only a specified number of shares under the offer.

Other key details

On Friday, September 4, the company informed exchanges about the opening of its first SMART Cinema at ICON Plaza Mall, Muzaffarpur, Bihar.

The four-screen property adds to PVR INOX’s existing network in Bihar, taking its total screen presence in the state to 11 screens. With a seating capacity of 644, the cinema features Christie’s 4K RGB laser projection system, high-fidelity 7.1 surround sound and last-row recliner seating.

"The opening marks the first step in PVR INOX’s strategy to expand its presence across India’s emerging growth markets. Designed specifically for Tier III cities, SMART Cinemas combines the PVR INOX experience with a capital-efficient, asset-light model," it added.

With this launch, PVR INOX now operates the largest multiplex network with 1,785 screens at 356 properties in 114 cities (India and Sri Lanka), the company said.

PVR INOX Q1 FY27 earnings

Multiplex chain PVR Inox posted a consolidated profit after tax attributable to the owners of the company at ₹56.5 crore in the June quarter of the financial year 2026-27, according to an exchange filing on Thursday, July 23.

The company had reported a consolidate net loss of ₹54.5 crore in the corresponding period of the previous fiscal year.

Its revenue from operations was up 11.91% to ₹1,622.20 crore in the June quarter under review. It was ₹1,449.6 crore in the April-June quarter a year ago.

On the operational level, the company's earnings before interest, taxes, depreciation and amortisation (EBITDA) stood at ₹529 crore, reflecting a growth of 30.91% from ₹404 crore in Q1 FY26.

EBITDA margin was at 32.58% vs 27.85% a year back.

About PVR INOX Limited

PVR INOX Limited is India’s largest cinema exhibition company, operating 1,785 screens across 356 properties in 114 cities in India and Sri Lanka. The company was formed in 2023 through the merger of PVR Limited and INOX Leisure Limited.

Its business includes cinema exhibition, food and beverage sales, premium cinema formats and non-film programming. The company operates screens across multiple formats and offers services including in-cinema food and beverages, premium large-format screens and specialised auditoriums.