PVR INOX Limited — Important, 06-02-2025: Updates

**Financial Highlights:** PVR INOX's total income for Q3 FY'25 stands at ₹17,388 Mn, reflecting an increase of 10.8% year-on-year from ₹15,693 Mn. The company's EBITDA reached ₹2,583 Mn with an EBITDA margin of 14.9%, compared to 14.4% in Q3 FY'24. In terms of profit, the PAT was ₹681 Mn, a notable increase from ₹412 Mn last year. For the nine months ended December 2024, total income was ₹45,893 Mn, down 6.6% from ₹49,133 Mn in the same period last year.

**Strategic Initiatives and Growth Drivers:** PVR INOX continues to pursue a capital-light growth model, signing contracts for 100 new screens across 22 cinemas. Notably, 31 of these screens are under a management contract, mitigating capital expenditure.

**Business Developments:** The company reported a strong uptick in advertising income, posting the highest quarterly ad revenue since the pandemic. With a well-planned content pipeline and an improving film slate, PVR INOX is set for potential growth.

**Market Position and Competitive Advantage:** The regional box office is thriving, demonstrating resilience and growth, particularly in non-Hindi language films. The strong performance in Hollywood titles following the resolution of a strike adds to competitive advantages.

**Investor Implications:** The positive operational metrics and strategic growth initiatives suggest a favorable outlook for investors, particularly with the anticipated increase in screen counts and new content releases enhancing revenue potential.