Latest news with #AjayBijli
India Today
2 days ago
- Entertainment
- India Today
A dwindling audience
Tmidst the glitz and spectacle of the World Audio Visual & Entertainment Summit (WAVES), one topic weighed on the minds of most film industry stakeholders—the current crisis in the theatre business. 'I have always believed that India has too few theatres, given the size of the country and [number of] people,' actor Aamir Khan said at a session. 'Our biggest theatre hits have had footfalls of 30-35 million. That's 2 per cent of our population in what is a cinema-loving country.' Seated next to him was Ajay Bijli, founder of PVR Cinemas and managing director of country's biggest multiplex chain, PVR INOX Ltd. Bijli replied in jest, 'Main office jaata hoon [I better head to office to get work done].'
Mint
12-05-2025
- Business
- Mint
PVR Inox Q4 results: Net loss narrows to ₹125 crore, revenue falls 0.5% YoY; stock price jumps 5%
PVR Inox, the multiplex operator, on Monday reported narrowing of its consolidated net loss during the fourth quarter of FY25. PVR Inox share price jumped over 5% after the announcement of Q4 results today. PVR Inox reported a consolidated net loss of ₹ 125 crore in the quarter ended March 2025, narrowing from a loss of ₹ 129.50 crore in the corresponding quarter of last fiscal year. The company had posted a net profit of ₹ 35.9 crore in the December 2024 quarter. The company's consolidated revenue from operations in Q4FY25 fell 0.5% to ₹ 1,249.8 crore from ₹ 1,256.4 crore, year-on-year (YoY). Average ticket price (ATP) during the quarter was at ₹ 258, while F&B spend per head (SPH) was at ₹ 125. 'FY25 was a year of transformation — defined by our renewed focus on innovation and agility. We evolved from being reactive to becoming resilient and emerging as a more agile, future ready organization, laying the groundwork for long-term sustainability and relevance in a rapidly changing entertainment landscape,' said Ajay Bijli, Managing Director, PVR INOX Ltd. For full financial year 2024-2025, PVR Inox's revenue declined to ₹ 5,779.9 crore from ₹ 6,107.1 crore in FY24, while net loss increased to ₹ 279.6 crore from ₹ 32 crore, YoY. 'The box office in FY'25 was impacted by an uneven release calendar, marked by inconsistent content availability across quarters. Both Bollywood and Hollywood underperformed, contributing to a 9% decline in the company's overall gross box office revenue,' PVR Inox said in a release. 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. Hollywood revenues fell by 28%, reflecting the lingering effects of the previous year's strike and a lackluster tentpole slate, it added. At the operational level, earnings before interest, tax, depreciation and amortization (EBITDA) during the March quarter increased 1.5% to ₹ 283.3 crore from ₹ 279.2 crore, while EBITDA margin improved to 22.70% from 22.20%, YoY. PVR Inox said its current screen portfolio stands at 1,743 screens across 352 cinemas in 111 cities in India and Sri Lanka. The company reduced its net debt from ₹ 1,430.4 crore as of March 31, 2023, to ₹ 952.2 crore as of March 31, 2025 — a substantial reduction of ₹ 478.2 crore over the past 24 months (post-merger). 'FY26 promises to be a high-octane period for the exhibition industry, supported by a formidable lineup of content across Hollywood, Bollywood, and Regional cinema,' PVR Inox said. At 1:25 PM, PVR Inox share price was trading 4.34% higher at ₹ 960.40 apiece on the BSE.
Hans India
12-05-2025
- Business
- Hans India
PVR Inox reports over Rs 125 crore loss in Q4 as revenue falls 27 pc
Mumbai: Multiplex operator PVR Inox on Monday reported a net loss of Rs 125.3 crore for the fourth quarter (Q4) of FY25, marking a sharp reversal from a profit of Rs 35.5 crore in the previous quarter (Q3). The decline came on the back of a significant drop in revenue and overall income, as per the company's stock exchange filing. The multiplex operator's revenue from operations fell by 27.3 per cent to Rs 1,249.8 crore in Q4, compared to Rs 1,717.3 crore in Q3. 'FY25 was a challenging year for the box office, primarily due to an inconsistent film release calendar and underwhelming content. This led to a 9 per cent drop in gross box office revenue for the company,' the company said in its exchange filing. PVR Inox attributed the decline to a 14 per cent reduction in film releases, the lack of major star-driven blockbusters, and multiple postponements. However, the company's Managing Director Ajay Bijli described FY25 as a 'year of transformation' for the company. 'It was marked by a renewed focus on innovation and agility. We shifted from being reactive to becoming resilient, emerging as a more agile, future-ready organisation,' he said. Total income also declined by 25.46 per cent, down to Rs 1,311.2 crore from Rs 1,759.1 crore in the previous quarter. Profit before tax, which stood at Rs 46.2 crore in the third quarter, turned into a loss of Rs 167.7 crore in Q4. Net profit attributed to the owners of the company also swung into the red. It stood at a loss of Rs 125 crore in Q4, compared to a profit of Rs 35.9 crore in the previous quarter. Despite the fall in revenue and profits, PVR Inox managed to reduce its expenses during the quarter. Total expenses came down by 13.67 per cent to Rs 1,478.7 crore in Q4, compared to Rs 1,712.8 crore in Q3 -- indicating some cost-control measures by the company.
Time of India
12-05-2025
- Business
- Time of India
PVR Inox Q4 Results: Cons loss narrows to Rs 125 crore, revenue falls 0.5% YoY
Multiplex chain PVR Inox on Monday reported consolidated net loss of Rs 125 crore for Q4FY25 versus Rs 130 crore in the year-ago period. The loss is attributable to the owners of the company. The revenue from operations in the March-ended quarter stood at Rs 1,250 crore, which was marginally down at 0.5 per cent versus Rs 1,256 crore in the corresponding quarter of the last financial year. On a sequential basis, the company reported a loss against profit after tax (PAT) of Rs 36 crore in Q3FY25. The top line, though, witnessed a 27 per cent fall versus Rs 1,717 crore in the October-December quarter of FY25. The earnings were announced during market hours, and PVR shares remained unfazed amid an upbeat mood in the market, trading at Rs 958 on the NSE, up by Rs 36.55 or 4 per cent over the Friday closing price. The headline Nifty50 index was trading over 3 per cent higher around 1:30 pm. The company's Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) stood at Rs 344 crore, up from Rs 327 crore reported in the year-ago period. In the quarter under review, patrons that visited the company's cinemas stood at 30.5 million with an average ticket price of Rs 258. The F&B spend per head (SPH) stood at Rs 125. As of date, PVR Inox operates 352 cinemas with 1,743 screens across 111 cities. The box office in FY'25 was impacted by an uneven release calendar, marked by inconsistent content availability across quarters, the company filing said. Both Bollywood and Hollywood underperformed, contributing to a 9 per cent decline in the company's overall gross box office revenue. Hindi box office collections dropped 26%, primarily due to a 14 per cent reduction in film releases, the absence of major superstar-led titles, and multiple postponements. Hollywood revenues fell by 28%, reflecting the lingering effects of the previous year's strike and a lackluster tentpole slate. In contrast, Hindi-dubbed films saw a remarkable 153 per cent surge, driven by nationwide hits like Pushpa 2 and Kalki, underscoring a growing audience appetite for large-scale pan-India narratives. Chhava emerged as the highest-grossing film in the 4th quarter, earning approximately Rs 700 crore at the box office. Commenting on the results and performance, Managing Director Ajay Bijli said, "FY'25 was a year of transformation — defined by our renewed focus on innovation and agility. We evolved from being reactive to becoming resilient and emerging as a more agile, future-ready organization, laying the groundwork for long-term sustainability and relevance in a rapidly changing entertainment landscape'.
Economic Times
12-05-2025
- Business
- Economic Times
PVR Inox Q4 Results: Cons loss narrows to Rs 125 crore, revenue falls 0.5% YoY
ADVERTISEMENT Multiplex chain PVR Inox on Monday reported consolidated net loss of Rs 125 crore for Q4FY25 versus Rs 130 crore in the year-ago period. The loss is attributable to the owners of the company. The revenue from operations in the March-ended quarter stood at Rs 1,250 crore, which was marginally down at 0.5% versus Rs 1,256 crore in the corresponding quarter of the last financial year. On a sequential basis, the company reported a loss against profit after tax (PAT) of Rs 36 crore in Q3FY25. The top line, though, witnessed a 27% fall versus Rs 1,717 crore in the October-December quarter of FY25. The earnings were announced during market hours, and PVR shares remained unfazed amid an upbeat mood in the market, trading at Rs 958 on the NSE, up by Rs 36.55 or 4% over the Friday closing price. The headline Nifty50 index was trading over 3% higher around 1:30 company's Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) stood at Rs 344 crore, up from Rs 327 crore reported in the year-ago period. ADVERTISEMENT In the quarter under review, patrons that visited the company's cinemas stood at 30.5 million with an average ticket price of Rs 258. The F&B spend per head (SPH) stood at Rs 125. As of date, PVR Inox operates 352 cinemas with 1,743 screens across 111 box office in FY'25 was impacted by an uneven release calendar, marked by inconsistent content availability across quarters, the company filing said. Both Bollywood and Hollywood underperformed, contributing to a 9% decline in the company's overall gross box office revenue. ADVERTISEMENT 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. Hollywood revenues fell by 28%, reflecting the lingering effects of the previous year's strike and a lackluster tentpole slate. In contrast,Hindi-dubbed films saw a remarkable 153% surge, driven by nationwide hits like Pushpa 2 and Kalki, underscoring a growing audience appetite for large-scale pan-India narratives. ADVERTISEMENT Chhava emerged as the highest-grossing film in the 4th quarter, earning approximately Rs 700 crore at the box office. Commenting on the results and performance, Managing Director Ajay Bijli said, "FY'25 was a year of transformation — defined by our renewed focus on innovation and agility. We evolved from being reactive to becoming resilient and emerging as a more agile, future-ready organization, laying the groundwork for long-term sustainability and relevance in a rapidly changing entertainment landscape'. (You can now subscribe to our ETMarkets WhatsApp channel)
