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PVR INOX narrows Q1 loss to ₹54 crore on strong lineup, cost control
PVR INOX narrows Q1 loss to ₹54 crore on strong lineup, cost control

Business Standard

time3 days ago

  • Business
  • Business Standard

PVR INOX narrows Q1 loss to ₹54 crore on strong lineup, cost control

PVR INOX, India's largest cinema exhibitor, has focused on tighter control over its operating costs through reduction in its electricity and marketing expenses to narrow down its losses. This was also helped by a strong lineup of movies from Hollywood and Bollywood in the first quarter of 2025-26 (Q1FY26). 'We have to have our eye on the ball as far as cost-cutting is concerned,' Ajay Bijli, founder of PVR Cinemas and managing director (MD) of PVR INOX, told Business Standard in an interview. 'On our comparable properties, there has been a marginal increase in manpower, our electricity costs have gone down along with marketing and rent expenditure (in Q1FY26 on a year-on-year or Y-o-Y basis). It is an extremely important part of our strategy to not just rely on movies and improve our revenues but also keep an eye on the cost.' PVR INOX's consolidated net loss narrowed down to ₹54 crore in Q1FY26 on a Y-o-Y basis. The company's revenue from operations rose by 23.38 per cent to ₹1,469.1 crore during the quarter compared with Q1FY25. Its other income increased by 12.89 per cent Y-o-Y to ₹32.4 crore. In the earnings call, an executive of the company said that PVR INOX was able to control electricity consumption by air-conditioning utilities based on the occupancy levels within the cinema halls. It has also deployed solar panels in the cinema, which have reduced its dependence on grid electricity. PVR INOX's profit before depreciation, interest, and taxes (PBDIT) rose by 53.32 per cent to ₹429.6 crore in Q1FY26 compared with the same quarter last year. In Q1FY26, a total of 10 films crossed the ₹100 crore mark, and three crossed the ₹200 crore mark. Bollywood box office collections of PVR INOX surged by 38 per cent in the quarter on a Y-o-Y basis, fuelled by films like Ajay Devgn's Raid 2, Aamir Khan's Sitaare Zameen Par, Kesari Chapter 2, Housefull 5, and Jaat, its earnings release stated. Similarly, with back-to-back major releases from Hollywood like Mission: Impossible – The Final Reckoning, Final Destination Bloodlines, From the World of John Wick: Ballerina and F1, PVR INOX saw 20 per cent rise in admissions during the quarter on a Y-o-Y basis for its premium and experiential formats like IMAX and 4DX. Bijli noted that the momentum in the industry is back, both from the filmmakers' side and the consumers' side, for watching movies on the big screen. 'Things are only going to get better from here. In July, despite the nail-biting (cricket) Test series between India and England, people came and watched movies like Jurassic World Rebirth, Superman, and The Fantastic Four: First Steps. There's also an amazing amount of traction that we are seeing for the August 15 weekend, when movies like War 2 and Coolie will be releasing,' he said. The company observed 34 million admissions during the quarter, up by 12 per cent on a Y-o-Y basis. It recorded its highest-ever food and beverage spend per head, which rose 10 per cent to ₹148, according to the release. PVR INOX opened 20 new screens in Q1FY26 and plans to open 100 new screens this year, Bijli added.

PVR Inox Q1 Results: Cons loss narrows to Rs 54 crore, revenue jumps 23% YoY
PVR Inox Q1 Results: Cons loss narrows to Rs 54 crore, revenue jumps 23% YoY

Economic Times

time3 days ago

  • Business
  • Economic Times

PVR Inox Q1 Results: Cons loss narrows to Rs 54 crore, revenue jumps 23% YoY

Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Multiplex chain PVR Inox on Wednesday reported consolidated net loss attributable to the owners of the company of Rs 54 crore for Q1 FY26, compared to a loss of Rs 178.70 crore in the year-ago period, aided by a strong recovery in box office collections, record food and beverage spends, and the highest first-quarter advertising income since the Inox posted a 23.4% year-over-year (YoY) rise in its consolidated revenue from operations to Rs 1,469.1 crore for the June 2025 quarter, as compared to a revenue of Rs 1,190.7 crore in the year-ago June 2025 quarter was bolstered by a slate of back-to-back commercial successes, PVR Inox said. 'Back-to-back hits and a steady Hindi release slate has built strong momentum for Bollywood in Q1,' the company said, adding that there was 'healthy performance driven by five Rs 100 crore plus films and less reliance on big ticket blockbusters.'PVR Inox reported a 38% YoY surge in its Bollywood box office collections, led by titles like Raid 2, Sitaare Zameen Par, Kesari Chapter 2, Housefull 5, and Jaat — each crossing Rs 100 crore in collections, with three surpassing Rs 200 crore. 'FY'26 has started on a high note, with Hindi and Hollywood films leading the charge,' the company also delivered strong results, with a 72% YoY jump in collections, driven by Mission Impossible, Final Destination Bloodlines, Ballerina, and F1. Premium formats such as IMAX and 4DX contributed significantly, with a 20% YoY increase in footfall for the quarter stood at 34 million, up 12% YoY. Average Ticket Price (ATP) rose 8% to Rs 254, while Food and Beverage (F&B) spend per head reached a record Rs 148, up 10% YoY. Advertising revenue touched Rs 109.60 crore, the highest first-quarter ad income since the pandemic, marking a 17% rise from the year-ago of June 30, 2025, PVR Inox operated 353 cinemas with 1,745 screens across 111 cities. The company also announced plans to open 90–100 new screens during debt stood at Rs 891.5 crore at the end of the quarter, down 38% since the completion of the PVR-INOX ahead, the company said July began the second quarter on a strong footing, delivering the highest monthly admissions in the past 18 months.'The remainder of FY'26 is expected to benefit from a well-paced release calendar across languages,' the company said.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)

Ananya Panday, Navya Naveli Nanda's Dinner Date Gets A ‘BFF Forever' Tag From Paps
Ananya Panday, Navya Naveli Nanda's Dinner Date Gets A ‘BFF Forever' Tag From Paps

News18

time01-08-2025

  • Entertainment
  • News18

Ananya Panday, Navya Naveli Nanda's Dinner Date Gets A ‘BFF Forever' Tag From Paps

Ananya Panday and Navya Naveli Nanda were snapped together exiting a restaurant in Bandra. Ananya Panday and Navya Naveli Nanda were spotted together last night, slaying as ever, even in their casual looks. The duo was enjoying a mid-week dinner date in Bandra, much ahead of Friendship Day. After spending some quality time together, the two besties were seen heading towards their car hand-in-hand, serving pure BFF goals. In a video posted on Instagram, Navya Naveli Nanda was spotted exiting an eatery in Bandra, Mumbai. She was followed by her best friend, Ananya Panday, and soon after coming out, the girls were seen holding each other's hands while being crowded by the shutterbugs stationed over there. But without pausing for a bit, they walked straight towards their car while flexing broad smiles on their faces. Ananya sat on the front seat while Navya was spotted in the back, alongside yet another common friend, and the three of them were caught in a candid moment discussing something best known to them. They were seen exuding pure charm and radiance while being captured by the lens. View this post on Instagram A post shared by Voompla (@voompla) Ananya Panday And Navya Naveli Nanda's Looks For Last Night For the casual meet-up session, Nanda was seen dressed in a chic white T-shirt teamed with black trousers. She was also carrying a Tote bag to complement her minimal yet stylish look. Dewy glam makeup alongside side-parted open tresses finished off her overall appearance. On the other hand, Panday looked cute in an off-white, off-shoulder mini dress with a bit of flare near her waist area. She maximised her beauty with subtle makeup, including a dollop of highlighter and blush on her cheeks alongside glossy lipstick. The 26-year-old wrapped off her look with a middle-parted, messy, open hairstyle. Ananya Panday And Navya Naveli Nanda's Professional Fronts Amitabh Bachchan's granddaughter, Navya Naveli Nanda, is an entrepreneur by profession. She runs her own Non-Profit Organisation, Project Naveli, and has co-founded Aara Health, a women-centric health tech company dedicated to providing scientifically-backed, affordable healthcare solutions for women in India. The daughter of Shweta Bachchan Nanda and Nikhil Nanda, Navya has a strong educational background, including a degree from Fordham University and an ongoing MBA program at IIM Ahmedabad. Additionally, she runs a podcast channel named What the Hell Navya. Meanwhile, Ananya, who was last seen in Kesari Chapter 2, has two movies in her pipeline – Tu Meri Main Tera Main Tera Tu Meri alongside Kartik Aaryan and Karan Johar's upcoming Chand Mera Dil. First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.

Ananya Panday's ‘Wah Taj' Moment Has Internet Swooning: ‘Two Beauties Together'
Ananya Panday's ‘Wah Taj' Moment Has Internet Swooning: ‘Two Beauties Together'

News18

time29-07-2025

  • Entertainment
  • News18

Ananya Panday's ‘Wah Taj' Moment Has Internet Swooning: ‘Two Beauties Together'

Last Updated: Ananya Panday looked like a vision to behold in a mustard yellow and deep blue printed dress. She completed her look with golden accessories and a high ponytail. Ananya Panday is currently soaking in the breathtaking beauty of the city of Love, Agra. Away from her packed shooting schedule and the chaos of everyday life, the actress is currently taking a tour of the beautiful Taj Mahal. On Tuesday, she took to social media and treated fans to a bunch of photos from her memorable visit. In the first snapshot, Ananya posed in front of the ivory-white marble mausoleum. The Call Me Bae actress looked like a vision to behold in a mustard yellow and deep blue printed dress. She completed her look with golden accessories and a high ponytail. A radiant smile complemented her entire look. Visibly mesmerised by the monument's timeless beauty, other snippets showed Ananya striking multiple poses from different locations, exuding her million-dollar smile. There are also some pictures of the iconic Taj and fans are in awe. Sharing the bundle of pictures with her Instafam, she simply wrote, 'Wah Taj!" The actress also added the soundtrack Jashn-E-Bahaaraa by AR Rahman and Javed Ali as the background score. The song is from the 2008 film Jodhaa Akbar, starring Hrithik Roshan and Aishwarya Rai Bachchan. View this post on Instagram A post shared by Ananya 🌙 (@ananyapanday) Ananya also took to her Instagram stories and reposted her post alongside the caption, 'Pictures don't do this beauty justice. You have to see it to believe it." Social Media Reaction to Her Post While the actress swooned over the Taj Mahal, her fans couldn't stop marvelling over her elegance. They were quick to chime in on the comments section of the post and fill it with their heartfelt reactions. Bhavana Pandey, Ananya Panday's mother, also flocked to the post and dropped heart emoticons. 'Woke up to this beauty!!! THE BEAUTY," a fan wrote. Another commented, 'Taj is pretty, you're the prettiest." 'Two Beauties Together in Agra," said an individual. An account posted, 'So beautiful, just like the Taj." 'Wah Rumi. You took your beauty to this beauty," a comment read. 'Don't know what is more beautiful, the Taj Mahal or you!" a user stated. Ananya Panday's Last Project Ananya Panday was most recently seen in the historical courtroom drama Kesari Chapter 2. Directed by Karan Singh Tyagi, the film starred her opposite Akshay Kumar, R Madhavan, Alexx O'Nell, Regina Cassandra, Simon Paisley Day and others in key roles. Based on the book The Case That Shook The Empire by Raghu and Pushpa Palat, Kesari Chapter 2 delves into the legal battle led by advocate C Sankaran Nair to uncover the truth behind the ruthless Jallianwala Bagh massacre. What's Next For Ananya Panday? Looking ahead, the actress will be sharing the screen space with Kartik Aaryan again after their 2019 release, Pati Patni Aur Woh. The two will be seen in the love-filled entertainer, Tu Meri Main Tera, Main Tera Tu Meri. Helmed by Sameer Vidwans and backed by Dharma Productions and Namah Pictures, the rom-com stars Kartik Aaryan as Ray and Ananya Panday as Rumi. Slated to release in theatres a day before Valentine's Day 2026, fans can expect a blend of romance, laughter and heartwarming moments in the film. She will then star in Vivek Soni's directorial Chand Mera Dil. Co-starring Lakshya, the film is a college romance centred on engineering students. Fans will also see her reprising her role of Bella in Call Me Bae season 2. First Published: July 29, 2025, 12:02 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.

Akshay Kumar sells two residential properties in Mumbai's Borivali at Rs 7.10 crore, makes over 90 percent returns
Akshay Kumar sells two residential properties in Mumbai's Borivali at Rs 7.10 crore, makes over 90 percent returns

Pink Villa

time28-07-2025

  • Business
  • Pink Villa

Akshay Kumar sells two residential properties in Mumbai's Borivali at Rs 7.10 crore, makes over 90 percent returns

Akshay Kumar is on a real-estate selling spree. The Bollywood superstar has sold several properties in Mumbai this year. And now, he has locked deal for his two more residential properties in Borivali East, Mumbai, while drawing over 90% returns on the investment. Akshay Kumar sells two apartment worth Rs 7.10 crore, drawing heavy returns According to Property registration documents by SquareYards, Akshay Kumar has sold two residential spaces in Mumbai's Borivali East for a whopping amount of Rs 7.10 crore. Located in Oberoi Sky City, both adjoining apartments are sold to Pravin Shetty and Sabita Shetty. While the one property has a carpet area of 1101 Sq ft. along with two car parking spaces, the other is a 252 Sq ft. studio space. The first property was bought by Akshay Kumar in 2017 at Rs 3.02 crore which later appreciated by 90 percent, as per SquareYards. The Kesari Chapter 2 actor sold it at Rs 5.75 crore. The studio apartment was bought at Rs 67.90 lakh, eight years ago, which has since appreciated by 99% as Akshay sold it at Rs 1.35 crore. The first transaction for the residential apartment involved a stamp duty of Rs 34.50 lakh, along with registration fees of Rs 30,000. The second transaction for the studio space has a stamp duty payment of Rs 6.75 lakh and registration charges of Rs 30,000. Akshay Kumar on real-estate selling spree Akshay Kumar has sold around 8 property units in last 7 months in Mumbai's different areas - Borivali, Worli, Lower Parel and others. The Hera Pheri 3 actor has made a solid returns of over Rs 110 crore. In January 2025, Akshay and his wife Twinkle Khanna sold a luxury apartment in the Oberoi 360 West project, situated in Worli (Mumbai) for a whopping amount of Rs 80 crore, according to IndexTap. Further, the bollywood personalities sold several luxury residential and commercial properties in the real-estate market of Mumbai.

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