PVR INOX Limited: History, Latest Updates, Milestones, Subsidiaries & Share Price
Introduction
PVR Limited , operating with its trade name "PVR INOX" (PVR Cinemas and INOX Leisure) from 1st January,2024 was incorporated under the name " Priya Village Roadshow Limited" on 26th April, 1995. PVR Limited operates in the Entertainment Industry with its headquarters at Mumbai, Maharashtra, India. Its presence in 359 locations and 1712 screens over India and Sri Lanka. PVR Limited operates in the business of exhibition, distribution and movie production. Some of the popular brands of PVR Limited are IMAX, AmpliX, Insignia , Dolby Atmos, Directors Cut, Luxe, 4DX, PVR cinemagic etc...
PVR INOX Limited Moves In 2024
January 2024
As per PVR Limited, financial result for FY 2024 for the third quarter recorded a net profit of Rs. 12.8 crores and a revenue of Rs.1545 crore. The net profit and revenue for Q3 FY2023 was Rs. 165 crores and Rs. 940 crores.
Recently on 1st January ,2023, INOX merged with PVR.
PVR Limited in collaboration with Aaj Tak, live broadcasted Ram Mandir consecration .
February 2024
PVR Limited has launched India's first IMAX theatre with 4K projections and laser at Mumbai, with 'EROS INOX IMAX Cinema'
April 2024
PVR Limited has launched a 9-screen multiplex at Kochi, Kerala.
PVR Limited has launched its first Megaplex in Bengaluru.
June 2024
PVR Limited and Devyani International sets up a joint company strategic partnership to operate food courts in malls .
PVR Limited has launched the India's first Pride Film Festival in partnership with Kashish Pride Film Festival.
PVR launched new 4 screen cinema in Hyderabad with 4K Laser projections in all auditoriums.
July 2024
PVR Limited offered a rights issue to its existing shareholders for the purpose of repayment of borrowings.
PVR Share Price History in 2024
|
Month |
PVR Share Price |
|
January |
Rs.1455 |
|
February |
Rs.1371.05 |
|
March |
Rs.1326.25 |
|
April |
Rs.1361.15 |
|
May |
Rs.1309.05 |
|
June |
Rs.1427.35 |
|
July |
Rs.1500.25 |
|
August |
Rs.1514.55 |
|
September |
Rs.1715.85 |
Evolution Of PVR INOX Limited: From Past to Present
|
Year |
Evolution |
|
26th April, 1995 |
Incorporated as Priya Village Roadshow Limited |
|
4th December, 1995 |
Certificate of Commencement |
|
1996 |
BIPL company joined as Promoter. |
|
1997 |
First Multiplex Cinema , New Delhi |
|
28th June, 2002 |
Renamed as ‘ PR Limited’. Village Roadshow Limited exited. PEPL joined the shareholding of the company |
|
2003 |
WITEC joined the company’s shareholdings. Opened 7 screen multiplex , Gurgaon, Haryana |
|
2004 |
Opened PVR Plaza, New Delhi |
|
2005 |
Opened 10th Multiplex at Uttar Pradesh. PVR share price for IPO was Rs. 225 |
|
2009 |
Merger of PVR and Sunrise Infotainment Private Limited. Acquired DLF’s DT Cinemas |
|
2010 |
Opens multiplex at Chhattisgarh and UP. Merger of PVR and Leisure World Private Limited. |
|
2011 |
IMAX and PVR signed deal Opens multiplex at Udaipur, Surat and New Delhi |
|
2012 |
Opens multiplex at Howrah, Chhattisgarh, Mumbai and Bengaluru |
|
2013 |
Opens multiplex at Maharashtra, Kerala and Karnataka. |
|
2014 |
Opens multiplex at Punjab, Chhattisgarh, Uttarakhand and Telangana. |
|
2015 |
Opens multiplex at MP, Karnataka, New Delhi and Jharkhand |
|
2016 |
Strategic partnership with Paytm. |
|
2017 |
Amalgamated PVR Leisure Limited |
|
2018 |
Opened multiplexes across India and inaugurated 4K projection systems |
|
2019 |
MoU with Al-Futtaim Private Company. Reached 700 screens in over 50 Indian cities. |
|
2020 |
PVR share price of Rs. 774 in ratio of 7.94 for PVR share price of rights at Rs.10 |
|
2021 |
Opened multiplexes across India. |
|
2022 |
CRISIL rating issued. Signed agreement with M3M Indian |
|
2023 |
Renamed as PVR INOX Limited. Merged Shouri Properties Private Limited. Opened multiplexes across India. |
PVR INOX Limited Company Information
|
Company Information |
|
|
Trade Name |
PVR INOX |
|
Founded year |
1997 |
|
Founder |
Priya Village Roadshow Limited |
|
Headquarters |
Mumbai, Maharashtra |
|
Industry |
Entertainment |
|
Managing Director |
Mr. Ajay Bijli |
|
Revenue |
Rs. 38,297 million |
|
Net Income |
Rs. 3,364 million |
|
NSE code |
NSE: PVRINOX |
|
BSE code |
BSE: 532689 |
Inside PVR INOX Limited
Main News
As per PVR Limited, financial result for FY 2024 for the third quarter recorded a net profit of Rs. 12.8 crores and a revenue of Rs.1545 crore. The net profit and revenue for Q3 FY2023 was Rs. 165 crores and Rs. 940 crores.
Corporate Action
Recently on 1st January ,2023, INOX merged with PVR.
PVR Limited in collaboration with Aaj Tak, live broadcasted Ram Mandir consecration .
PVR Limited offered a rights issue to its existing shareholders for the purpose of repayment of borrowings.
PVR Limited and Devyani International sets up a joint company strategic partnership to operate food courts in malls .
PVR Share Price
|
Company Name |
Sector |
Share Price Link |
|
PVR INOX Limited |
Entertainment |
Milestones of PVR INOX Limited
|
Year |
Milestones |
|
1991 |
PVR Cinemas Incorporated |
|
1995 |
PVR Cinemas in partnership with Village Roadshow from Australia. |
|
1997 |
First Multiplex in Delhi |
|
2004 |
India’s largest Multiplex |
|
India’s First Gold Class |
|
|
2006 |
Listed on National Stock Exchange |
|
2007 |
PVR Limited in joint venture with PVR Pictures started Film Production. |
|
2009 |
PVR Limited in joint venture with Thailand’s Major Cineplex |
|
2011 |
Presented First Luxury Cinema Format brand ‘ Directors’ Cut’ |
|
2012 |
PVR Limited exited from Film Production Introduced IMAX in Bengaluru Acquired Cinemax Switched over to 100% Digital Projection |
|
2014 |
India’s first Superplex Concept and 4DX format |
|
2015 |
Acquired 4700BC Popcorn |
|
2016 |
Acquired DLFs DT Cinemas and SPI Cinemas |
|
2017 |
Introduced Theatre Demand Service VKAAO |
|
2018 |
India’s First Onyx Cinema LED |
|
2019 |
Expands overseas |
|
2020 |
Faced unexpected crisis due to Pandemic |
|
2021 |
India’s First Co-branded movie debit card. |
|
2022 |
Achieved 25 years in Entertainment Industry. India’s first ICE theatres format. |
|
2023 |
Merged with INOX and renamed PVR Pictures as PVR INOX Pictures. Introduced PVR INOX Passport and world’s first Trailer Screening Show |
|
2024 |
Introduced cinemas with no commercial breaks at Luxury Cinemas. |
PVR INOX Limited Awards & Achievements
In 2024, Global Recognition for PVR INOX Limited's annual report for FY22-23.
One Plus 10T India's First Immersive award in 2023.
Best Campaign of the year award by AFAQs Brand Storyz
Conclusion
PVR INOX Limited, a pioneer in the Indian entertainment industry, has consistently evolved and expanded its reach. From its humble beginnings to its current position as a leading player, the company has achieved numerous milestones through strategic partnerships, technological advancements, and a focus on customer experience. As the company continues to innovate and adapt to changing market dynamics, its future remains promising.
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Frequently Asked Questions
What is PVR Share price Today?
PVR share price today is available on Enrich Money's stock analysis page.
Where can I view the PVR Share Price?
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Where can I find detailed analysis of PVR share price ?
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Where to find Current PVR Share Price?
You can find the current PVR share price at Enrich Money.
What will be the target for PVR Share Price in 2024?
PVR share price target for the year 2024 would be between Rs. 1786 to Rs.1828. For real-time insights into the future of PVR Share Price, visit Enrich Money
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