PVR INOX Shares Drop 6% Despite Strong Q4 Earnings; Analysts Offer Divergent Outlook
PVR Inox shares slide 6% in two days despite strong Q4 earnings. Do Motilal Oswal, Nuvama see any upside?
The Economic Times
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PVR INOX shares fell 6% over two days, closing at ₹1,000, despite reporting a consolidated net profit of ₹187 crore for Q4 FY26, up from a loss of ₹125 crore a year prior. Analysts from Nuvama and Elara Capital maintain bullish ratings, while Motilal Oswal adopts a cautious stance.
- 01PVR INOX reported a consolidated net profit of ₹187 crore for Q4 FY26, reversing last year's loss.
- 02Despite strong earnings, shares dropped 6% in two days, closing at ₹1,000.
- 03Nuvama maintains a 'Buy' rating with a target price of ₹1,620, indicating a 58% upside.
- 04Elara Capital also recommends 'Buy' with a target of ₹1,300, citing a strong content pipeline.
- 05Motilal Oswal holds a 'Neutral' rating with a target price of ₹1,125, highlighting risks tied to occupancy levels.
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Shares of PVR INOX, a leading multiplex operator in India, declined 6% over two days, closing at ₹1,000 on the Bombay Stock Exchange (BSE). This drop occurred despite the company reporting a consolidated net profit of ₹187 crore for the March quarter, compared to a loss of ₹125 crore during the same period last year. Revenue from operations increased by 26% year-on-year to ₹1,547 crore, supported by strong performances from popular films such as *Dhurandhar – The Revenge* and *Project Hail Mary*. Analysts from Nuvama Institutional Equities have maintained a 'Buy' rating with a revised target price of ₹1,620, indicating a 58% upside potential, while Elara Capital also recommends 'Buy' with a target of ₹1,300. Conversely, Motilal Oswal Financial Services has adopted a 'Neutral' rating with a target price of ₹1,125, citing risks associated with occupancy levels, which could significantly impact profitability. The company has successfully reduced its net debt by 90% since its merger in 2023, marking a positive financial trend.
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The decline in PVR INOX's share price may affect investor sentiment and could impact future capital raising efforts for expansion or operational improvements.
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