Mumbai-headquartered PVR INOX is the fifth-largest listed multiplex chain globally. It is India’s largest film exhibitor and multiplex chain operator, with its presence in the exhibition industry for over 26 years.
PVR has been consistently increasing its screen count by resorting to strategic investments and acquisitions. It acquired Cinemax Cinemas in November 2012, DT Cinemas in May 2016, and SPI Cinemas in August 2018.
On February 6, 2023, PVR Cinemas completed the merger with INOX Leisure Ltd, and the amalgamated entity was renamed as PVR INOX Ltd with effect from April 20, 2023.
The company has over 180 million patrons and provides a platform to showcase film and non-film content.
Priya Village Roadshow (PVR) was incorporated in April 1995 as a 60:40 joint venture between Priya Exhibitors Private Ltd and Australia’s Village Roadshow Ltd. The company aimed to ensure the return of families to movie theatres, hit by piracy and home viewing as also poor infrastructure, by establishing multiplexes.
The company started commercial operations in June 1997.
In 2006, PVR Cinemas was listed on the National Stock Exchange (NSE) after a successful initial public offering (IPO)that brought in funds worth ₹125 crore, earmarked for ambitious expansion plans.
PVR moved into film production in 2007 and joined hands with Aamir Khan Productions, churning out blockbuster hits like 'Taare Zameen Par' and 'Jaane Tu Ya Jaane Na'. To fund the ventures, PVR scoured for substantial equity investment and was backed up by big financial firms like JP Morgan and ICICI Venture.
Two years later, the company formed a joint venture with Thailand's Major Cineplex Group to introduce a new concept of gaming in India, opening bowling centres in Gurugram, Delhi, Bengaluru, Pune and Chandigarh.
However, notwithstanding initial successes, the subsequent releases fell short of expectation, and PVR quit film production in 2012.
In 2019, PVR expanded its international footprint in collaboration with the Shangri La Group, and opened a 9-screen multiplex at the One Galle Face Mall in Colombo, Sri Lanka.
In June 2022, PVR joined hands with French exhibitor CGR Cinemas, and introduced ICE Theatres Immersive format to India, bidding to give audiences a larger-than-life movie experience impossible to replicate in one's living room.
The company’s market capitalisation of PVR Inox Ltd stood at over ₹16,400 crore as of December 27, 2023. PVR share price has gone up nearly 30% in the last three years.
Business operations
PVR runs 1712 screens housed in 360 properties across 113 cities in India and Sri Lanka and an aggregate seating capacity of 3.58 lakh seats.
After the merger of PVR Cinemas with the country’s second biggest multiplex chain INOX Leisure Ltd, the combined entity’s market share has gone up to 18% including a chunk of 43% in the multiplex segment. It accounts for around 30% of the overall box office collections in India.
Its diversified revenue stream comprises principally box office and also non-box office collections, the latter including receipts from the sale of food and beverages, income from advertisement and movie distribution and convenience charges.
PVR Inox Financial Highlights
- Revenue: PVR Inox reported revenue of ₹6,829.70 crore in FY26 vs ₹5,870.80 crore in FY25. It showed an increase of 16.33% on a yearly basis.
- Operating Profit: PVR Inox reported an operating profit of ₹226.90 crore in FY26 vs ₹358.20 crore in FY25. It showed an increase of 163.34% on a year-on-year basis.
- Net Profit: PVR Inox reported a net profit of ₹332.80 crore in FY26 vs ₹280.90 crore in FY25. It showed an increase of 218.48% on a yearly basis.
PVR Inox Quarterly Result Highlights
- PVR Inox reported revenue of ₹2,139.30 crore in Sep 2026, compared with ₹1,648.30 crore in Jun 2026, representing an increase of 29.79% on a quarter-on-quarter (QoQ) basis.
- PVR Inox reported an operating profit of ₹350.80 crore in Sep 2026, compared with ₹75.70 crore in Jun 2026, representing an increase of 363.41% on a quarter-on-quarter (QoQ) basis.
- PVR Inox reported a profit of ₹263.10 crore in Sep 2026, compared with ₹56.50 crore in Jun 2026, reflecting an increase of 365.66% on a QoQ basis.
- The earnings per share (EPS) of PVR Inox stood at ₹34.01 during Sep 2026.
Data Source: BSE, Company announcements
Securities shown are illustrative, not recommendations. Past performance does not guarantee future results.
