PVRINOX · Media Entertainment & Publication
PVR INOX Ltd. reported revenue of ₹2,105 cr for July to September 2026, +15.5% on the year and +29.8% on the quarter. That is faster than this quarter has grown in recent years (−3.3% on average), so the year-on-year number is not just the season. It is the highest quarterly revenue in the last 12 quarters on record. Over the last four quarters revenue comes to ₹7,124 cr, +14.5% on the four before.
Operating profit (EBITDA) was ₹769 cr, a margin of 36.5%, +296 bps on the year and +398 bps on the quarter. It is the widest margin of the last 8 quarters (range 23.5% to 36.5%). Operating costs grew +10.3% against revenue growth of +15.5%, so more of each rupee of sales reached operating profit.
Net profit was ₹263 cr, +148.1% on the year and +369.6% on the quarter, with earnings per share of ₹26.79. Profit before other income, one-offs and tax grew faster, at +199.1%; other income, one-offs or tax held the headline back. The tax rate was 25% against an average of 19% over the previous 5 quarters, which weighed on profit this quarter.
Of the 4 companies in Media Entertainment & Publication that have reported Q2 FY27 so far, PVR INOX Ltd. ranks 2nd on revenue growth; the sector median is +13.0%. Its margin moved +296 bps on the year against a sector median of −421 bps.
On earnings per share of ₹61.30 over the last four quarters, the stock at ₹1,619.10 trades at 26.4 times trailing earnings.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow filed with this quarter, the auditor's review, segment results, one-off items line by line and what management said on the call.
No check fired. That is a statement about the checks below, not a verdict on the company.
Core profit grew faster than reported profit: one-offs held the headline down.
Source: Quarterly statements
Could not run on this quarter: 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.
This quarter's filing carries a balance sheet and a cash flow statement. The cash, receivables and borrowing checks run once the filing read is in.
| 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 ₹2,105 cr (+15.5% on the year) and net profit of ₹263 cr (+148.1% on the year) for July to September 2026.
Profit before other income, exceptional items and tax moved +199.1% on the year, against +148.1% for reported profit.
None of the 7 checks that could run raised a question.
No. FinMinutes reports what was filed and the questions the numbers raise. It does not recommend buying, selling or holding any security.
Numbers as filed with the exchanges, read by rules. Every flag is a question with its source, not an accusation. FinMinutes is a financial data and analytics platform; nothing here is a recommendation to buy, sell or hold any security. How each check works.