PVR INOX Limited (NSE: PVRINOX) announced its unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, marking a new high in its financial performance. The company reported its highest-ever quarterly revenue of INR 21,327 crore, EBITDA of INR 4,752 crore, and PAT of INR 2,733 crore, reflecting a year-on-year growth of 17%, 44%, and 111% respectively.

Quarterly Highlights

The quarter saw significant milestones, including the highest-ever quarterly box office revenue, with patrons visiting the cinemas numbering 46.3 million, up 4% year-on-year. The average ticket price (ATP) and average F&B spend per head (SPH) rose by 14% to INR 298 and INR 153 respectively. The company also maintained a net cash positive position, with net cash of INR 1,407 crore after completing a share buyback of INR 3,000 crore.

Half Year Achievements

For the half year, PVR INOX achieved record first-half revenue, EBITDA, and PAT. Adjusted total income rose 15% to INR 37,750 crore, EBITDA was up 56% to INR 7,048 crore, and PAT was up 233% to INR 3,438 crore. The company generated INR 6,035 crore of H1 free cash flow and repaid INR 2,586 crore of debt. The merger synergies, cost discipline, and capital efficiency have structurally strengthened the business.

Future Outlook

Looking ahead, PVR INOX plans to continue its expansion with 90-100 new screens expected in FY27, most of which will be under capital-light models. The company is also focusing on broadening engagement through value offers and extending F&B services. The upcoming film slate spans various languages, promising a positive theatrical outlook.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of PVR INOX Limited

PVR INOX Limited belongs to the Communication Services › Entertainment sector. Here’s a quick read on where the business and the stock stand today.

PVR gains 40.2% over three months and trades near its 52-week highs. Thin margins at 6.5% leave limited room for error — any demand softness or cost spike hits the bottom line hard. No meaningful dividend — total return is entirely dependent on capital appreciation. Buyers show up with 1.4x the volume of sellers. Moreover, they dominated on 17 of recent sessions versus 13 for sellers — a healthy accumulation pattern. The stock rises 40.2% in three months on 20.9% revenue growth. As a result, the market gives it more credit than the fundamentals strictly justify. Watch the next quarterly results. If growth accelerates, the move makes sense. If not, expect some gains to unwind. Check Fundamentals of PVR INOX Limited.

Indus Towers Limited (NSE: INDUSTOWER) announced its consolidated results for the second quarter ended September 30, 2026. The company reported consolidated revenues of Rs. 8,516 Crores, up 4.0% year-on-year. The consolidated EBITDA stood at Rs. 4,633 Crores, up 0.4% Y-o-Y. However, consolidated profit after tax was at Rs. 1,793 Crores, down 2.5% Y-o-Y.

Strong Performance Driven by Co-location Additions

Indus Towers’ total tower base grew by 5.6% year-on-year to 270,480 towers. The total co-location base increased by 5.9% Y-o-Y to 440,153. The company’s focus on a low-cost shared infrastructure model and digital energy management has driven operational efficiency.

Financial Metrics and Forward Outlook

The company’s return on equity (pre-tax) declined to 25.3% from 38.4% Y-o-Y. Return on capital employed also fell to 19.1% compared to 26.3% on a year-on-year basis. Despite the decline in profit after tax, the company remains confident of delivering sustainable growth and long-term shareholder value. The healthy order book and compelling infrastructure value proposition are expected to drive future performance.

Prachu Sah, Managing Director and CEO of Indus Towers Limited, said: ‘We delivered a strong quarter, underpinned by sustained customer demand, healthy co-location additions, and robust cash flow generation. Our focus on a low-cost shared infrastructure model, digital energy management, and AI-led transformation is enhancing operational efficiency and customer experience. In Africa, initial rollouts are progressing as planned, with momentum expected to build through the second half of the year. Supported by a healthy order book and a compelling infrastructure value proposition, we remain confident of delivering sustainable growth and long-term shareholder value.’

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Indus Towers Limited

Indus Towers Limited belongs to the Communication Services › Telecom Services sector. Here’s a quick read on where the business and the stock stand today.

Indus moves sideways over three months, with neither buyers nor sellers taking control. The PEG of 0.27 is extremely low. Either the market misses the growth story, or there is a catch worth investigating. Premium net margins of 21.8% demonstrate strong cost discipline and a wide competitive moat. The stock gains 2.0% in the last month, recovering from the three-month slide. However, it is too early to call this a confirmed reversal. Revenue grows at 4.6% and profits at 51.9% CAGR, with D/E of 0.65. Meanwhile, the stock dips 5.0% in three months without any fundamental deterioration. Consequently, the stock quietly becomes cheaper relative to earnings power. For long-term investors, that is a feature. Check Fundamentals of Indus Towers Limited.

Nazara Technologies Limited (NSE: NAZARA) announced its financial results for the quarter and half year ended 30 September 2026. This quarter marks a defining step in Nazara’s evolution into a global gaming platform, combining a portfolio of owned game IPs across mobile, PC & console, and offline, shared group capabilities in marketing, data, product, and technology, and disciplined capital allocation.

Record Quarter

Nazara reported its highest-ever quarterly revenue of INR 803 crore, up 53% year-on-year. EBITDA grew 93% to INR 120 crore, and EBITDA margin expanded 311 bps to 14.9%. Profit after tax from continuing operations was INR 35 crore, compared with a loss of INR 34 crore in Q2FY26.

Gaming Dominance

Gaming revenue grew 122% YoY to INR 656 crore at a 21.5% EBITDA margin. Gaming contributed 82% of consolidated revenue and effectively all EBITDA before corporate costs. Mobile grew revenue 167% to INR 550 crore.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Nazara Technologies Limited

Nazara Technologies Limited belongs to the Communication Services › Electronic Gaming & Multimedia sector. Here’s a quick read on where the business and the stock stand today.

Nazara gains 37.3% over three months and trades near its 52-week highs. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. 2 loss quarter(s) over five years signals earnings fragility — not chronic but worth noting. RSI hits 74, a level that signals the stock runs hot. Notably, buyers drove volume on 19 recent sessions — though at these levels, some profit-taking is normal. The stock rises 37.3% in three months on 18.8% revenue growth. As a result, the market gives it more credit than the fundamentals strictly justify. Watch the next quarterly results. If growth accelerates, the move makes sense. If not, expect some gains to unwind. Check Fundamentals of Nazara Technologies Limited.