PVR Inox Q2 FY27 Results: Consolidated Net Profit ₹263 Crore on Total Income of ₹2,139 Crore

Earnings
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Blacklitt Research28 October 20263 min read

Black and white view of an empty cinema auditorium with rows of seats facing a large projection screen — Rob Bogaerts for Anefo, via Wikimedia Commons (CC0). Illustrative image.

PVR Inox (NSE: PVRINOX) reported consolidated total income of ₹2,139 crore and net profit of ₹263 crore for the quarter ended 30 Sep 2026, it said in a filing on 28 Oct 2026. Standalone total income was ₹2,091 crore and standalone net profit ₹253 crore.

Key highlights

Consolidated

Including its subsidiaries

Total income: ₹2,139 crore, up 16.6% YoY and 29.8% QoQ
Net profit and EPS: ₹263 crore; basic EPS ₹26.82, up from ₹10.78 a year earlier
Finance costs: ₹157 crore, down 16.8% YoY
Tax expense: ₹88 crore, 25.0% of profit before tax of ₹351 crore

Standalone

The company on its own, without its subsidiaries

Total income: ₹2,091 crore, up 16.7% YoY and 30.3% QoQ
Net profit and EPS: ₹253 crore; basic EPS ₹25.81, up from ₹10.59 a year earlier
Other income: ₹29 crore, down 14.8% YoY

Summary

Consolidated ₹ crore
Particulars	Q2 FY27	Q2 FY26	YoY	Q1 FY27	QoQ
Total income	2,139	1,834	+16.6%	1,648	+29.8%
	263	106	+149.4%	57	+365.7%
Profit before tax	351	145	+141.8%	76	+363.4%
Finance costs	157	188	-16.8%	165	-4.9%
Depreciation	296	316	-6.4%	315	-5.9%
Tax expense	88	37	+137.7%	19	+356.8%
Net profit margin	12.30%	5.75%	+6.55 pp	3.43%	+8.87 pp
EPS, basic (₹)	26.82	10.78	+148.8%	5.75	+366.4%

Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.

Net profit grew faster than total income. Consolidated net profit rose 149.4% YoY to ₹263 crore while total income rose 16.6%, and profit before tax rose 141.8% to ₹351 crore. Finance costs fell 16.8% to ₹157 crore, which is 7.3% of total income this quarter.

Depreciation fell 6.4% to ₹296 crore. The notes state that the year ended 31 Mar 2026 included a consolidated gain of ₹195.20 crore on the sale of Zea Maize Private Limited, shown under discontinued operations, but the filing does not say how that sale affects the current quarter.

The notes say results for the quarter are not annualised.

Standalone ₹ crore
Particulars	Q2 FY27	Q2 FY26	YoY	Q1 FY27	QoQ
	2,091	1,791	+16.7%	1,605	+30.3%
Revenue from operations	2,062	1,758	+17.3%	1,583	+30.3%
Other income	29	34	-14.8%	22	+28.1%
	253	104	+143.7%	52	+390.7%
Profit before tax	339	139	+143.4%	69	+389.9%
Finance costs	156	188	-16.7%	164	-4.7%
Depreciation	293	313	-6.4%	311	-6.0%
Tax expense	85	35	+142.3%	18	+387.4%
Net profit margin	12.11%	5.80%	+6.31 pp	3.22%	+8.90 pp
EPS, basic (₹)	25.81	10.59	+143.7%	5.25	+391.6%

Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.

Standalone net profit rose 143.7% YoY to ₹253 crore, against total income growth of 16.7%. Revenue from operations rose 17.3% to ₹2,062 crore, while other income fell 14.8% to ₹29 crore, or 1.4% of total income.

Standalone profit before tax was ₹339 crore and tax expense ₹85 crore, a rate of 25.2%. Finance costs of ₹156 crore were 7.5% of total income. Standalone net profit is ₹10 crore lower than consolidated net profit this quarter, and consolidated total income is ₹48 crore higher than standalone.

Consolidated net profit of ₹263 crore compares with ₹57 crore in the previous quarter, Q1 FY27, a rise of 365.7%. Consolidated total income rose 29.8% from the previous quarter.

The notes describe a share buyback approved on 31 Aug 2026 for 20,68,965 equity shares, about 2.11% of paid-up capital, completed on 24 Sep 2026 at a price of ₹1,430 per share in the standalone notes, for a cash outflow of ₹303.4 crore including transaction costs. Paid-up equity share capital fell from ₹98.2 crore to ₹96.1 crore after the buyback.

Inference

The filing states that the board approved the results on 28 Oct 2026, that the statutory auditor issued an unmodified limited review report, and that the trading window will open from 31 Oct 2026. The buyback was funded from free reserves, including securities premium, and the company created a Capital Redemption Reserve of ₹2.1 crore.

The filing gives no dividend for the period. It does not state the reason for the change in consolidated revenue from operations in the quarter, nor the reason for the difference between the standalone buyback price of ₹1,430 and the consolidated price of ₹1,480 in the notes.

Reference: Original filing (PDF)

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PVR Inox Q2 FY27 Results: Consolidated Net Profit ₹263 Crore on Total Income of ₹2,139 Crore

Key highlights

Consolidated

Standalone

Summary

Inference

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