PVR INOX Ltd (BOM:532689)
₹ 1503.4 5.9 (0.39%) Market Cap: 147.62 Bil Enterprise Value: 224.63 Bil PE Ratio: 0 PB Ratio: 2.06 GF Score: 77/100
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Q4 2024 PVR INOX Ltd Earnings Call Transcript

May 14, 2024 / 10:30AM GMT
Release Date Price: ₹1297.65 (-1.45%)

Key Points

Positve
  • PVR INOX Ltd (BOM:532689) welcomed 32.6 million guests in Q4 FY24 and 151 million customers in FY24, indicating strong customer engagement.
  • The company achieved significant operational savings from the merger, with total EBITDA level synergy of INR185 crores to INR208 crores.
  • PVR INOX Ltd (BOM:532689) generated free cash flow of about INR116 crores in FY24, demonstrating effective cash management.
  • The company plans to open 120 new screens in FY25, focusing on South India, indicating strategic expansion.
  • PVR INOX Ltd (BOM:532689) formed a strategic partnership with Devyani International Limited to develop and operate food courts, potentially increasing pre-ticketed F&B revenue.
Negative
  • The company reported a PAT loss of INR90 crores in Q4 FY24, despite an increase in revenue and EBITDA compared to the same period last year.
  • Q4 FY24 was the weakest quarter due to a lack of appealing content in Hindi and other languages, and limited Hollywood releases.
  • The ongoing general election impacted the flow of new releases, affecting the current quarter's performance.
  • PVR INOX Ltd (BOM:532689) plans to shut down about 70 underperforming screens in FY25, indicating challenges in certain locations.
  • The company faces a volatile market with fluctuating occupancies and ad revenues still trending below pre-pandemic levels.
Operator

Ladies and gentlemen, good day, and welcome to the PVR INOX Limited's Q4 FY24 earnings conference call hosted by Axis Capital Limited. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Ankur Periwal from Axis Capital.

Thank you, and over to you, Mr. Ankur.

Ankur Periwal
Axis Capital - Research Analyst

Thank you, Manisha. Good evening, friends, and welcome to PVR INOX Limited's quarter four and full year FY24 conference call.

From the management side, we have with us Mr. [Ajay Bijli], Managing Director; Mr. [Sanjeev Kapoor], Executive Director; Mr. Nitin Sood, Group CFO and other senior management personnel. As usual, the call will start with a brief management discussion on the earnings performance followed by an interactive Q&A session.

Over to you, Mr. Bijli, for the initial comments.

Sanjeev Singal
PVR INOX Ltd - Co-Founder, Executive Director

Yes. Thank you. Just wanted to correct, it's Mr. [Sanjeev Kumar Bijli],

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