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The Economic Times

Apollo Tyres, PVR INOX among 5 stocks with long unwinding

Long unwinding involves selling stocks or positions held for a long period, either to secure profits or to exit in anticipation of an upcoming bearish market.

Business Standard

Multiplex Association defends dynamic ticket pricing, ATP in 2023 at Rs 130

The Multiplex Association of India (MAI) on Wednesday defended "dynamic and flexible" cinema pricing, which fluctuates based on factors like location, day of the week, seat type, film format, and cinema format. Cinema exhibitors are now using sophisticated digital tools to stimulate audience demand and optimise pricing, said MAI while issuing a statement over the recent remarks by film maker Karan Johar. Brushing aside Johar's remarks, who alleged high pricing strategies by cinema exhibitors, the MAI statement quoting its President Kamal Gianchandani said the average ticket price (ATP) across all cinemas in India was Rs 130 per ticket. "The country's largest cinema chain, PVRINOX, reported an ATP of Rs 258 for the fiscal year 2023-24. Additionally, the Average Spend Per Head (SPH) on F&B at PVRINOX during this period stood at Rs 132," it said adding "This brings the total average expenditure for a family of four to Rs 1,560 significantly different from the Rs 10,000 figure carried

The Economic Times

Now playing! Second show of movies at theatres near you

Re-releasing old films has revitalized theaters, helping exhibitors cover costs and attract audiences. PVR INOX re-released 50 films, generating 60 lakh footfalls and significant revenue. This strategy has proven effective, especially among Generation Z, and will continue when new film releases are limited.

Business Standard

PVR INOX to make 'Movie Re-Release' a major part of its business model

Lack of content, demand fuels movie re-releases

Business Standard

PVR INOX to make 'Movie Re-Release' a major part of its business model

Lack of content, demand fuels movie re-releases

The Economic Times

Buy PVR INOX, target price Rs 2065: Anand Rathi

PVR INOX Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 16583.95 Crore) operating in Media & Entertainment sector.

Mint

PVR Inox stock rises 3% after Anand Rathi raises target price, sees 25% upside

The brokerage anticipates a sequential improvement in the second quarter of fiscal 2025 following a lackluster first quarter, driven by enhanced advertising revenue, which has been trailing behind pre-COVID levels.

Mint

Stree 2 rescues PVR Inox in an otherwise dull quarter

PVR Inox is expected to post its strongest quarter yet in Q3FY25, fueled by mega releases like Bhool Bhulaiyaa 3, Singham Again, Mufasa: The Lion King, The Lord of the Rings, and Pushpa 2.

Mint

PVR INOX to close 70 non-performing screens in India

PVR INOX will close 70 non-performing screens and will open 120 new screens in FY25. 

The Economic Times

PVR INOX to close 70 non-performing screens in FY25, plans monetisation of real estate assets

PVR INOX plans to close 70 non-performing screens in FY25 while adding 120 new ones, focusing on South India. The company aims to adopt a capital-light growth model and potentially monetize non-core real estate assets to become net-debt free. Revenue strategies include increasing footfalls and optimizing costs.

Business Line

PVR INOX to close 70 non-performing screens in FY25 amid strategic shift

On the other hand, the company will add 120 new screens in FY25

Business Standard

PVR INOX to close 70 non-performing screens in FY25 in Mumbai, Vadodara

Leading multiplex operator PVR INOX plans to close 70 non-performing screens in FY25 and will go for potential monetisation of non-core real estate assets in prime locations such as Mumbai, Pune, and Vadodara, according to its latest annual report. Though the company will add 120 new screens in FY25, it will also close almost 6070 non-performing screens, as it chases for profitable growth. About 40 per cent of new screens addition will come from South India, where it will have a "strategic focus" on this lesser penetrated region as per its medium to long-term strategy. Moreover, PVR INOX is redefining its growth strategy by transitioning towards a capital-light growth model to reduce its capex on new screens addition by 25 to 30 per cent in the current fiscal. Now, PVR INOX will partner with developers to jointly invest in new screen capex by shifting towards a franchise-owned and company-operated (FOCO) model. It is also evaluating monetisation of owned real estate assets, as the

The Economic Times

Eicher Motors, PVR INOX among 5 stocks with short covering

Short covering happens when traders buy back shares they previously sold short, often due to a shift in market sentiment or new information.

Mint

PVR Inox promoters including Ajay Bijli trim stake in the company; sell 0.33% stake via open market

PVR Inox promoters, including Ajay Bijli, sold a total of 3.25 lakh PVR Inox shares, which amounts to 0.33% stake in the company through open market.

The Economic Times

Multiplexes expect a blockbuster weekend

Film exhibitors anticipated a record-breaking turnout during the extended five-day holiday weekend, boosted by the release of prominent Hindi and regional films including Stree 2 and Khel Khel Mein. PVR Inox and Cinepolis reported substantial advance bookings and expected millions of footfalls, surpassing last year's figures during the Independence Day holiday.

The Economic Times

PVR Inox inks strategic partnership with Amazon Pay

PVR Inox and Amazon Pay have joined forces to enhance payment options for moviegoers in India. Customers can now enjoy secure transactions using Amazon Pay's solutions including UPI, Amazon Pay Balance, and Amazon Pay Later. The partnership aims to provide a convenient and rewarding experience for cinema enthusiasts.

The Economic Times

Priority of PVR Inox is to regain pre-Covid operating margins: Ajay Bijli

Ajay Bijli, managing director of PVR Inox, opens up on the company’s key strategic priorities to tackle the current slowdown in movie-watching in theatres.

The Economic Times

Kalki a hit or not, PVR Inox needs to get these 4 things right to change fortunes

Currently, the footfall at PVR Inox is 25%, against 36% before the pandemic hit. The stock is currently trading 35% below its life-time high of INR2,200. The company is re-strategizing and tightening the belt to improve its numbers. Will it be able to steer through?

Business Line

PVR Inox launches four-screen cinema in Hyderabad

Located at Prism Mall, the newly-owned cinema features 4K laser projection, advanced Dolby ATMOS immersive surround sound and Next Gen 3D system

Business Line

Tech Query: What is the outlook for Torrent Power, PVR Inox, Larsen & Toubro (L&T)?

Torrent Power, PVR Inox, Larsen & Toubro (L&T)