Page 3 - Pvr

PVR INOX to add 100 screens next year with investment of around Rs 200 cr

Cinema exhibitor PVR INOX Ltd plans to add around 100 screens next year entailing an investment of around Rs 200 crore, its Executive Director Sanjeev Kumar Bijli said on Friday. The company, which launched an AI-powered WhatsApp chatbot, Movie Jockey (MJ), for movie discovery and booking experience, plans to add 100 screens every year going forward. "This year so far we opened about 70 odd screens and closed about 45-50 screens. We will be adding about 40 more screens this year and we will be closing down another 10-15 screens," Bijli told PTI here on the sidelines of the launch. The idea was to close down about 75 screens this year and add about 120, he said, adding "so we are on track". When asked about future expansion plans, Bijli said, "The following year we are looking at adding almost 100 screens per year." When asked about investments, he said next year's pipeline of 100 screens will entail a capital outlay of about Rs 200 crore. "We are looking at asset light model now

PVR Inox to find its comeback role in Q4, says CFO Gaurav Sharma

PVR Inox to hit play on profitability with big releases, bigger footfall

PVR Inox Q2FY25 results: Multiplex firm slips into red with Rs 11.8 cr loss

PVR Inox said it expects to add 110-120 screens in the year ending March 2025. So far this fiscal year, it has added 71 and closed 42 screens

Should you buy these 5 film & entertainment stocks this festive season?

Media stocks in focus ahead of big film releases this Diwali: PVRInox, Eros Media and Shemaroo Entertainment among 5 stocks that can rally up to 28% from here on, shows technical charts.

Lights, Camera, Action: PVR Inox set to star in a profitable sequel

Coming soon: Blockbuster content pipeline and asset-light model promise a box-office hit for investors

Strong content pipeline, asset light model to drive gains for PVR Inox

Most brokerages believe that the content pipeline in the December quarter will help the company surpass the performance in Q2FY24

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

Lack of content, demand fuels movie re-releases

PVR announces film festival; celebrates Kareena Kapoor's 25 years in Cinema

Kareena Kapoor Khan completes 25 years in Bollywood industry. PVR and Inox are organising a film festival dedicated to showcasing her illustrious career

PVR Inox ready for rerating, says ICICI Securities; ups share target price

PVR Inox share price today: ICICI Securities' new target price on PVR Inox reflects around 41 per cent upside from the stock's Thursday's closing price

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

Delhi HC appoints arbitrator to resolve PVR INOX, Ansal Plaza Mall dispute

PVR INOX has filed a claim of approximately Rs 4.5 crore against Ansal Plaza Mall in Greater Noida, seeking arbitration to address the issue

Is the tide turning for media stocks? Dish TV, PVR Inox can rally up to 26%

The Nifty Media index has shed 15 per cent so far in 2024 and is the sole index trading below the 200-DMA on the NSE. Chart suggests better days are likely ahead.

You can now book PVR and Inox movie tickets with Amazon pay

Amazon Pay users may earn special offers and cash-backs when they make purchases at PVR INOX theatres

Allcargo, PVR Inox among top 3 stock picks by Anand Rathi on July 02

On a daily scale, Allcargo has formed a bullish alternate bat pattern following a sharp decline of 14 points, which translated into a substantial 19 per cent reduction in its price

PVR Inox rallies 6%, hits over 5-month high on recovery hopes

According to reports, Kalki 2898 AD, the film which was released in theatres last week, has been minting money across the globe

Solid content pipeline, higher ad revenue: Nuvama's bullish bet on PVR Inox

Brokerage remains upbeat as analysts foresee several growth catalysts, including a promising Hollywood slate, anticipated recovery in high-margin ad revenues, & company's commitment to reducing debt

Buy & Sell: Top three picks by Anand Rathi for June 24; key levels here

PVR Inox has recently exhibited two significant technical analysis signals that indicate a potential bullish shift. Firstly, there is a bullish divergence on the weekly RSI near 30 level

Lok Sabha Elections: You can watch poll results on June 4 in this theatre

Moviemax Cinemas has planned to screen the Lok Sabha election results live on June 4 in selected cities across India

31 May: Watch movies at PVR INOX for Rs 99 this Friday across 4000 screens

Celebrate Cinema Lovers Day this Friday! Book movie tickets online (BookMyShow, PayTM) or at cinemas for Rs 99

PVR Inox's food and beverage revenue outpaced ticket sale in FY24

The theatre chain's F&B sales generated Rs 1,958.4 crore in FY24, up from Rs 1,618 crore last year, whereas movie ticket revenue was Rs 3,279.9 crore in FY24, compared to Rs 2,751.4 crore in FY23