PVR INOX Limited (PVRINOX) Q2 Results FY27 Preview: Date, Time, Expectations & Key Things To Watch

Cofacto Research Published October 23, 2026 3 min read

Quick Details

Results date	October 28, 2026
Quarter	Q2 FY 2026-2027
Previous quarter revenue	Rs. 1,642 Cr (Ind AS 116 adjusted; Rs. 16,222 Mn revenue from operations)
Previous quarter PAT	Rs. 565 Mn reported (Rs. 71 Cr Ind AS 116 adjusted)
Previous quarter EBITDA margin	14.0% (adjusted, vs 8.2% year-ago)
Net debt (latest quarter)	Net cash of Rs. 807 Mn at Jun 30, 2026
Market cap	Rs. 13,709.73 Cr
CMP	Rs. 1,396.1

PVR INOX Limited Q2 Results Date and Time

The Board will meet on Wednesday, Oct 28, 2026 to approve the un-audited standalone and consolidated financial results for Q2 and the half-year ended Sep 30, 2026. The trading window for designated persons has been closed from Oct 1, 2026 and reopens 48 hours after the results declaration.

PVR INOX will host its Q2 FY27 earnings conference call on Oct 28, 2026 at 4:00 PM IST, hosted by ICICI Securities. MD Ajay Bijli, ED Sanjeev Kumar and CFO Gaurav Sharma will represent the company.

Key Things To Watch

Screen expansion and SMART Cinema rollout: Q2 FY27 was slated as the key opening quarter after zero Q1 additions.

Gross additions vs the 90-100 gross / ~80 net FY27 guidance — zero Q1 openings due to regulatory license delays, with most openings slated for Q2 and Q3 FY27
SMART Cinema progress toward 28-30 smart screens in Tier 2 cities within FY27 after the first SMART Cinema opened at ICON Plaza Mall, Muzaffarpur on Sep 4, 2026 (4 screens, 644 seats)
Capex discipline at the revised ~INR 350 crores (down from INR 400 crores) for FY27

Margin bridge vs the 17.8% Q2 FY26 base: Q2 FY26 was the richest margin base of FY26, so the YoY comparison is demanding.

Occupancy, ATP and SPH trajectory — Q1 FY27 ATP was Rs. 273 (+8%) and SPH Rs. 161 (+9%), against the ~3.5-4% annual ATP growth guidance
Film hire ratio vs the 45-45.5% of ticket price guide, given blockbuster bonus payouts on a bigger Q2 slate
F&B COGS direction against the guidance of full-year FY27 lower than last year

Regulatory follow-ups and capital-return roadmap

CCI VPF investigation developments — management has said it is premature to comment as the matter is under investigation
Karnataka ticket price cap — stay upheld in the company's favour by the High Court on September 30th, next hearing date awaited
Deployment of accruals (Board-decided) and dividend stance after no dividend was recommended for FY26

Frequently Asked Questions

How many screens does PVR INOX plan to add in FY27?

Management is on track to add 90-100 gross screens (around 80 net) in FY27, with zero openings in Q1 due to regulatory license delays and most openings expected in Q2 and Q3 FY27. Capex for the year has been revised down to approximately INR 350 crores from INR 400 crores.

Why did PVR INOX's food and beverage spend per head dip in Q2 FY26?

Management attributed the ~9.5% sequential SPH decline to a rare slate combination — family and religious-skewed blockbusters plus a cluster of four A-rated films whose audiences consumed less F&B — along with 'Saver Day' Tuesdays at 15-17% of quarterly footfall. Management called the first two causes completely controllable.

Is PVR INOX debt free?

Yes — the company reported net cash of Rs. 807 Mn (INR 80 crores) at Jun 30, 2026, exceeding its guidance of reaching net debt-free status by end of FY2026 or Q1 FY2027. Net debt has fallen from Rs. 9,522 Mn in March 2025, and gross debt of INR 760 crores is targeted to reduce to INR 500 crores in the near term.