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PVR Inox plans a new show with revamped biz plan

Livemint

Livemint · 1y ago

PVR Inox plans a new show with revamped biz plan

PVR Inox, the largest multiplex chain in India, is shifting towards an asset-light model to reduce debt and improve operational performance. The company plans to shut non-performing screens, renegotiate rental contracts, and optimize capital expenditure to achieve positive cash flow. PVR Inox aims to be a net-debt-free company within 2-3 years by monetizing real estate assets and reducing capex. The company will also repurpose certain cinemas for other activities and focus on revenue-sharing deals. The strategic restructuring aims to drive value creation and better returns on investment.

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

YourStory

YourStory · 12m ago

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

PVR INOX, a prominent multiplex operator, has announced its plans to close 70 non-performing screens in FY25 and explore the possibility of monetizing non-core real estate assets in prime locations. While the company aims to add 120 new screens in the same period, its focus is on pursuing profitable growth. Additionally, PVR INOX intends to shift towards a capital-light growth model by partnering with developers for joint investment in new screen capital expenditure. The company also seeks to become a net-debt free entity in the future.

PVR Inox to expand premium and luxury cinema formats

Livemint

Livemint · 1y ago

PVR Inox to expand premium and luxury cinema formats

Multiplex chain PVR Inox plans to expand its premium and luxury cinema formats, aiming for them to make up nearly 14% of its portfolio. The company recently launched its second Maison cinema in Mumbai, offering two Insignia screens, one IMAX screen, three premiere screens, and a bar and lounge. PVR Inox offers premium formats such as IMAX, 4DX, and LUXE in its 1,711 screens. The company is also working on introducing premium formats in tier-two and three cities.

Appetite for global cinema growing in India, want to bring every genre: PVR Inox's Aamer Bijli

Economic Times

Economic Times · 2m ago

Appetite for global cinema growing in India, want to bring every genre: PVR Inox's Aamer Bijli

PVR Inox is enhancing its strategy to cater to India's diverse cinematic appetite by bringing more international films to the Indian market. Aamer Bijli, PVR Inox's lead marketing strategist, emphasizes their commitment to distributing a range of films from major studios like Lionsgate and A24, covering genres from horror to romance. The goal is to make PVR Inox a key player in Hollywood, Hindi, and live event segments, capitalizing on India's growing interest in global cinema.

YES Bank, Bandhan Bank, PVR INOX, ZEEL: Stocks trading below Covid 19 lows

Business Today

Business Today · 4m ago

YES Bank, Bandhan Bank, PVR INOX, ZEEL: Stocks trading below Covid 19 lows

Several stocks such as YES Bank, Bandhan Bank, PVR INOX, and ZEEL are trading below their Covid-19 lows. YES Bank's current price is Rs 16.86, down from Rs 39.75 in March 2020, dropping 31% in the past year. Bandhan Bank has fallen 17% since March 2020. PVR INOX and ZEEL have also depreciated significantly. Other affected stocks include Whirlpool, Relaxo Footwears, and Rajesh Exports, indicating a broader market downturn.

Google Wallet enters India, joins forces with Flipkart, Pine Labs

Inshorts · 1y ago

Google Wallet enters India, joins forces with Flipkart, Pine Labs

Tech giant Google has launched the Google Wallet app for Android users in India, partnering with a slew of ecommerce and ticketing partners. At launch, Google claims to have 20 brands as partners, including cinema chains PVR & INOX, national carriers Air India and Indigo, as well as ecommerce and fintech players such as Flipkart and Pine Labs.

Disney+Hotstar creates new viewership record of 3.5 crore in India-Pak match

Economic Times

Economic Times · 1y ago

Disney+Hotstar creates new viewership record of 3.5 crore in India-Pak match

The India-Pakistan ICC Cricket World Cup match on Disney+Hotstar set a new viewership record with a peak concurrency of 3.5 crores, surpassing the previous record set during the IPL finale. The match was also shown in select cinema halls by PVR INOX, reporting high attendance. The official viewership numbers by BARC will be released later. Disney+Hotstar India Head expressed gratitude to fans and pledged to deliver an unmatched viewing experience throughout the ICC Men's Cricket World Cup.

PVR Inox: Pain in the near term, but valuation holds out hope

Money Control

Money Control · 1y ago

PVR Inox: Pain in the near term, but valuation holds out hope

PVR Inox, a multiplex chain, had a mixed performance in FY24. The company saw improved earnings before interest, taxes, depreciation, and amortization (EBITDA) margins. The focus is on reducing debt and expanding screens. However, Q4FY24 is expected to be weak. The medium-term outlook is positive due to factors like China plus and protectionist measures for the tyre industry. The valuations are not cheap, but there is optimism for the future.

NCLT clears merger of Inox Wind units

Economic Times

Economic Times · 2m ago

NCLT clears merger of Inox Wind units

The National Company Law Tribunal has approved the merger of Inox Wind Energy Limited (IWEL) with Inox Wind Limited (IWL), enhancing the INOXGFL Group's business structure in clean energy. The merger aims to improve financial health by reducing debt by ₹2,050 crore and increasing operational efficiency through better resource management and streamlined processes. This consolidation also eliminates the need for a separate holding company, giving INOXGFL Group promoters a direct stake in Inox Wind.

INOX Clean Energy, KreditBee, Ather Energy, Niyo and Vedanta in news

VCCircle

VCCircle · 4m ago

INOX Clean Energy, KreditBee, Ather Energy, Niyo and Vedanta in news

INOX Clean Energy plans to file for a Rs 5,000 crore ($600 million) IPO, potentially valuing the company at Rs 50,000 crore. The proceeds are intended for new solar energy projects. Concurrently, financial technology company KreditBee, electric vehicle manufacturer Ather Energy, fintech firm Niyo, and major mining firm Vedanta are also making headlines. This series of strategic financial maneuvers highlights a dynamic period for these various energy and technology sectors.

Announcement of India-US trade agreement has boosted biz confidence: Piyush Goyal

YourStory

YourStory · 6m ago

Announcement of India-US trade agreement has boosted biz confidence: Piyush Goyal

India and the US plan to negotiate a bilateral trade agreement to enhance economic ties and boost business confidence, as announced during Prime Minister Modi's visit to Washington. Commerce Minister Piyush Goyal noted this agreement aims to more than double bilateral trade to $500 billion by 2030. The deal seeks to transform world trade by leveraging competitive strengths. India is also expanding global partnerships through new trade agreements with countries like Australia, the UAE, and the EFTA bloc.

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