PVRINOX · Media Entertainment & Publication
PVR INOX Ltd. reported revenue of ₹1,622 cr for April to June 2026, +11.9% on the year and +4.8% on the quarter. That is faster than this quarter has grown in recent years (+6.5% on average), so the year-on-year number is not just the season. Over the last four quarters revenue comes to ₹6,842 cr, +13.7% on the four before.
Operating profit (EBITDA) was ₹528 cr, a margin of 32.6%, +469 bps on the year and +333 bps on the quarter. Over the last 8 quarters the margin has ranged from 23.5% to 33.8%, averaging 30.1%. Operating costs grew +4.6% against revenue growth of +11.9%, so more of each rupee of sales reached operating profit.
The company swung to a net profit of ₹56.0 cr from a loss of ₹54.0 cr a year earlier, with earnings per share of ₹5.75. The tax rate was 25% against an average of 18% over the previous 4 quarters, which weighed on profit this quarter.
On earnings per share of ₹45.27 over the last four quarters, the stock at ₹1,619.10 trades at 35.8 times trailing earnings.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow, the auditor's review, segment results, one-off items line by line and what management said on the call.
Other income is carrying a large and rising share of profit. Treasury gains, interest, or one-off?
Source: Quarterly statements
Turned profitable from a loss a year ago.
Source: Quarterly statements
Could not run on this quarter: Headline vs core profit, Exceptional items that recur, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
Net profit a year ago, each driver's change, and net profit now. Blue added profit, red took it away.
| Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹1,546 cr | ₹1,256 cr | ₹1,191 cr | ₹1,622 cr | ₹1,717 cr | ₹1,230 cr | ₹1,450 cr | ₹1,823 cr | ₹1,850 cr | ₹1,547 cr | ₹1,622 cr | ₹2,105 cr |
| YoY | — | — | −9% | −19% | +11% | −2% | +22% | +12% | +8% | +26% | +12% | +15% |
| EBITDA margin | 30.5% | 22.1% | 21.2% | 29.5% | 30.8% | 23.5% | 27.9% | 33.6% | 33.8% | 29.2% | 32.6% | 36.5% |
| Other income, % of PBT | 328% | — | — | — | 91% | — | — | 25% | −8% | 127% | 34% | 10% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 27% | — | — | — | 23% | — | — | 26% | 20% | 3% | 25% | 25% |
| Net profit | ₹13.0 cr | −₹130 cr | −₹179 cr | −₹12.0 cr | ₹36.0 cr | −₹125 cr | −₹54.0 cr | ₹106 cr | ₹95.0 cr | ₹186 cr | ₹56.0 cr | ₹263 cr |
| YoY | — | — | — | −107% | +177% | — | — | — | +164% | — | — | +148% |
| Core profit YoY | — | — | — | −129% | — | — | — | — | +3,100% | — | — | +199% |
| EPS | ₹1.30 | −₹13.20 | −₹18.21 | −₹1.20 | ₹3.66 | −₹12.73 | −₹5.50 | ₹10.76 | ₹9.75 | ₹19.01 | ₹5.75 | ₹26.79 |
| Flags | 1 | · | 1 | 2 | 1 | ✓ | ✓ | ✓ | ✓ | 2 | 1 | ✓ |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
PVR INOX Ltd. reported revenue of ₹1,622 cr (+11.9% on the year) and net profit of ₹56.0 cr (— on the year) for April to June 2026.
1 check raised a question: Other income is carrying a large and rising share of profit. Treasury gains, interest, or one-off?
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