Financial Performance & Operational Highlights
PVR INOX Limited reported a significant turnaround in FY 2025-26, achieving consolidated net profit of ₹3,328 million compared to a loss of ₹2,809 million in the previous year. Revenue from operations grew 17% to ₹66,462 million, driven by strong performance in motion picture exhibition (53.42% of turnover) and sale of food and beverages (31.55%). The company operates 359 cinema properties with 1,798 screens across India and Sri Lanka, serving over 150 million patrons annually.
Corporate Governance & AGM Proceedings
The company convened its 31st Annual General Meeting on September 11, 2026, with key agenda items including adoption of audited financial statements, re-appointment of directors, and approval of remuneration totaling ₹78 lakh for four independent directors. Shareholders also voted on the appointment of Mr. Shuva Mandal as a new independent director. Remote e-voting was available from September 7-10, 2026, with September 4, 2026 as the record date for determining voting eligibility.
Strategic Transactions & Subsidiary Updates
A significant transaction during the year was the disposal of subsidiary Zea Maize Private Limited to Marico on January 29, 2026 for ₹2,268 million, resulting in an exceptional gain of ₹1,952 million recognized in discontinued operations. The company maintained subsidiaries including PVR INOX Pictures Limited and PVR INOX Lanka Limited, with an associate interest in Devyani PVR INOX Private Limited (49% holding).
Financial Position & Key Metrics
The consolidated balance sheet showed total assets of ₹156,123 million, including property, plant and equipment of ₹28,732 million, right-of-use assets of ₹46,329 million, and goodwill of ₹57,367 million. Key ratios improved significantly: Debt Service Coverage Ratio increased to 4.21 (from 2.43), Return on Equity turned positive at 3.73% (from -3.84%), and Net Profit Ratio reached 4.09% (from -4.94%).
Audit & Compliance Matters
Auditors identified goodwill impairment testing as a key audit matter due to significant judgment involved in assumptions (WACC: 10.33%, terminal growth rate: 4-5%). The company received unmodified audit opinions and provided corporate governance certifications confirming director eligibility and compliance with SEBI LODR regulations as of March 31, 2026. Material sustainability risks were identified including data privacy, supply chain management, and waste management.
Corporate Structure & Shareholding
The company's equity shares are listed on BSE and NSE with promoter and promoter group holding 27.53% (27,034,066 shares). The board composition included 10 directors with 20% female representation, and employee strength stood at 15,104 across permanent and other categories. CSR expenditure amounted to ₹10.9 million, focused on education, poverty alleviation, and environmental conservation.