The company's adjusted net earnings surged on double-digit top-line gains, aided by improved operational profitability across its cinema network. Expansion targets call for phased additions reaching up to 175 venues next fiscal year, backed by disciplined annual capital budgets. To maximize returns, management is prioritizing an economical operating model for tier-market consumers while decommissioning unprofitable screens. The network currently spans 1,797 screens across 114 cities in India and Sri Lanka.
Key points
Future network expansion hinges on capital-light SMART Cinemas planned for roughly 300 id…: Future network expansion hinges on capital-light SMART Cinemas planned for roughly 300 identified smaller cities.
The SMART Cinema format lowers capital costs by up to 30% and operating expenses by appro…: The SMART Cinema format lowers capital costs by up to 30% and operating expenses by approximately 25%.
Planned installations of 500 new screens over three years will focus on affordable pricin…: Planned installations of 500 new screens over three years will focus on affordable pricing without degrading viewing quality.
Sources checked by our analysis pipeline: 1
PVR INOX reported adjusted Q2 FY27 revenue of ₹2,132.7 crore, up 17% year-on-year, and adjusted earnings before interest, taxes, depreciation, and amortisation (Ebitda) of ₹475.2 crore, up 44%. Adjusted profit after tax from continuing operations rose 111% to ₹273.3 crore.
"We remain on track to open around 90 to 100 new screens in FY 2027, with the bulk of the openings in the second half, mainly under capital-light formats," managing director Ajay Bijli said. Kamal Gianchandani, chief business planning and strategy officer, said the company intends to open 500 screens over three years.
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Capital expenditure is expected to reach ₹300-320 crore in FY27, with ₹330 crore at the upper end of the range, and exceed ₹350 crore in FY28, depending on project execution and screen additions, chief financial officer Gaurav Sharma said. The company spent around ₹132 crore on capex in the first half of FY27.
The e-commerce platform significantly reduced its quarterly losses through supply chain efficiencies and anti-fraud technology, supporting a substantial rise in operating revenue. However, market sentiment was dampened by persistent competitive threats and escalating macroeconomic pressures on consumer budgets. Management also cautioned that recent margin gains may not immediately sustain as customer acquisition spending climbs.
International coordination among law enforcement agencies and banking partners enabled the complete retrieval of stolen corporate funds redirected overseas. The enterprise was deceived after fraudsters supplied forged documentation to validate altered banking instructions during a standard commercial transfer. Authorities are using the incident to remind commercial organizations to strictly authenticate sudden modifications to transaction details.
The advertising and communications giant reported that its broader financial trajectory is progressing in line with expectations despite an ongoing dip in overall business. Company leadership reaffirmed that structural recovery initiatives remain steady as the group works through current revenue pressures. These latest quarterly developments indicate stabilizing momentum for the organization amid continuous operational efforts.