Q2 2025 PVR INOX Ltd Earnings Call Transcript
Key Points
- PVR INOX Ltd (BOM:532689) experienced a 40% sequential increase in box office collections, driven by successful Bollywood releases and international hits.
- The strategy of re-releasing older films contributed significantly to admissions, accounting for nearly 6% of total admissions during the quarter.
- The company generated positive free cash flow and reduced net debt by INR141 crores, despite a relatively soft first half of FY25.
- PVR INOX Ltd added 71 new screens in the fiscal year, demonstrating strong growth momentum.
- The company plans to open around 110 to 120 new screens for the full year, indicating continued expansion efforts.
- Total revenue for the quarter decreased to INR1,642 crores from INR2,020 crores in the same period last year.
- EBITDA dropped to INR207 crores from INR447 crores year-over-year, reflecting a significant decline in profitability.
- PAT decreased to INR22 crores compared to INR207 crores in the previous year, indicating reduced net income.
- The occupancy rate for the quarter was 25.7%, which may suggest challenges in attracting audiences consistently.
- The company is exiting 42 underperforming screens, highlighting ongoing challenges in certain locations.
Ladies and gentlemen, good day, and welcome to the PVR INOX Limited Q2 FY25 Results 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 Limited. Thank you, and over to you, sir.
Thank you, Nia. Good afternoon, friends, and welcome to PVR INOX Limited Q2 and H1 FY25 post result earnings call. The call will start with a brief management discussion on the earnings performance followed by an interactive Q&A session.
PVR INOX management will be represented by Mr. Sanjeev Kumar, Executive Director; Mr. Gaurav Sharma, Chief Financial Officer; and other senior management persons.
Over to Mr. Sanjeev for your initial comments.
Thank you very much. Dear all, I'd like to invite you all to discuss the unaudited results for the quarter and the half
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