PVR INOX to Monetise Real Estate Assets
Real Estate

PVR INOX to Monetise Real Estate Assets

PVR INOX, a leading multiplex operator, announced its plans to close 70 underperforming screens in FY25 and consider monetizing non-core real estate assets in prime locations like Mumbai, Pune, and Vadodara, according to its latest annual report. Although the company intends to add 120 new screens in FY25, it will also shut down approximately 60-70 non-performing ones as part of its strategy for profitable growth.

About 40 per cent of the new screen additions will be in South India, where the company plans to focus strategically due to the region's lower penetration, aligning with its medium to long-term strategy.

Furthermore, PVR INOX is revamping its growth strategy by adopting a capital-light model, aiming to reduce its capital expenditure on new screen additions by 25 to 30 per cent in the current fiscal year.

The company will partner with developers to jointly invest in new screen capital expenditure, transitioning to a franchise-owned and company-operated (FOCO) model. It is also considering monetizing its owned real estate assets as part of its goal to become a "net-debt free" company in the near future.

Managing Director Ajay Kumar Bijli and Executive Director Sanjeev Kumar conveyed to the shareholders that this includes the potential monetization of non-core real estate assets in prime locations such as Mumbai, Pune, and Vadodara.

PVR INOX, a leading multiplex operator, announced its plans to close 70 underperforming screens in FY25 and consider monetizing non-core real estate assets in prime locations like Mumbai, Pune, and Vadodara, according to its latest annual report. Although the company intends to add 120 new screens in FY25, it will also shut down approximately 60-70 non-performing ones as part of its strategy for profitable growth. About 40 per cent of the new screen additions will be in South India, where the company plans to focus strategically due to the region's lower penetration, aligning with its medium to long-term strategy. Furthermore, PVR INOX is revamping its growth strategy by adopting a capital-light model, aiming to reduce its capital expenditure on new screen additions by 25 to 30 per cent in the current fiscal year. The company will partner with developers to jointly invest in new screen capital expenditure, transitioning to a franchise-owned and company-operated (FOCO) model. It is also considering monetizing its owned real estate assets as part of its goal to become a net-debt free company in the near future. Managing Director Ajay Kumar Bijli and Executive Director Sanjeev Kumar conveyed to the shareholders that this includes the potential monetization of non-core real estate assets in prime locations such as Mumbai, Pune, and Vadodara.

Next Story
Infrastructure Urban

DDA Approves Rs 87.2 Billion Budget for 2025-26

The Delhi Development Authority (DDA) has approved a budget of Rs 87.2 billion for the financial year 2025-26, with a strong emphasis on civic infrastructure development, green space rejuvenation, housing, and sports facilities, according to an official statement. Chaired by Lieutenant Governor V.K. Saxena, the budget meeting highlighted several large-scale projects, including the revitalisation of the Yamuna floodplain, creation of expansive parks, and upgraded civic amenities. Out of the total outlay, Rs 41.4 billion has been earmarked for capital expenditure, covering new roads, infrastruc..

Next Story
Infrastructure Energy

Vi Taps Cisco to Power Next-Gen Network

Telecom operator Vodafone Idea (Vi) has joined hands with US-based tech major Cisco Systems to revamp its transport network infrastructure across India. The strategic partnership aims to enhance network performance, scalability, and user experience for both retail and enterprise customers. As part of the agreement, Vi will deploy Cisco’s advanced Multiprotocol Label Switching (MPLS) technology to create a high-capacity, software-driven transport network. This will significantly improve the telecom player’s ability to manage surging data traffic and support data-heavy digital services such..

Next Story
Building Material

GPT Infra Commissions New Steel Girder Plant Near Kolkata

GPT Infraprojects announced the successful commissioning of its steel girder and components manufacturing facility in West Bengal on April 24, 2025. Located in Village Majinan, Hooghly district—about 60 km from Kolkata—the plant begins operations with an initial capacity of 10,000 metric tonnes per annum (MTPA). The company stated that the facility is in the process of securing RDSO (Research Designs and Standards Organisation) approval for manufacturing steel bridge girders. Once approved, this unit is expected to become a key asset for the company’s steel bridge segment, catering to c..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?