Cineline India LimitedQ1 FY27 Results & Financial Update
Cineline India Limited: Q1 FY27 standalone results and company financials – revenue ₹59.27 Cr, PAT ₹-1.21 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
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Quarterly Results AnalysisExplore Cineline India Q1 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
Cineline India reported standalone operational results for the quarter ended June 30, 2026, delivering its highest-ever first-quarter performance supported by robust box office momentum.
According to company performance highlights, total pre-Ind AS 116 revenue reached Rs. 6,002 lakh (representing an increase of 28% year-on-year), while pre-Ind AS 116 EBITDA stood at Rs. 605 lakh, reflecting a 106% expansion over the corresponding period of the previous year.
The company's patron engagement reached record levels during the quarter, with total admits rising 29% year-on-year to 18.0 lakh patrons, which management highlighted as the highest admissions count across all comparable quarters.
Net Box Office Collections (NBOC) grew 32% year-on-year to Rs. 3,615 lakh, while Net Food and Beverage (F&B) collections increased 29% year-on-year to Rs. 1,856 lakh, lifting combined NBOC and F&B collections to Rs. 5,471 lakh.
Average Ticket Pricing (ATP) experienced a modest 2% year-on-year increase to Rs. 236, while Spend Per Head (SPH) held steady at Rs. 108, resulting in a combined ATP and SPH metric of Rs. 345.
On a reported statutory basis under Ind AS accounting standards, the company recorded total revenue of Rs. 6,031 lakh and a net loss after tax of Rs. 121 lakh, which includes an exceptional item loss of Rs. 154 lakh representing the written-down value of fixed assets lost in a fire at Ghaziabad.
Pre-Ind AS 116 net profit (PAT) was reported at Rs. 34 lakh compared to a pre-Ind AS 116 net loss of Rs. 22 lakh in Q1 FY26, accompanied by pre-Ind AS 116 EBITDA margin expansion of 380 basis points year-on-year to 10.1%.
01 · Business model
What does Cineline India do?
Cineline India Limited operates in the cinema exhibition sector through its flagship brand, MovieMAX, building a technology-led multiplex network across India that blends premium cinematic experiences with accessible entertainment.
The company's revenue engines are driven by Net Box Office Collections (NBOC) and Food and Beverage (F&B) sales, supported by high-definition 2K and 4K projection equipment, immersive 7.1 surround sound, and specialized formats such as MovieMAX Edition and Infinity screens.
Cineline maintains an operational footprint spanning across 7 states and 1 Union Territory, reaching 15 cities with 22 operational cinemas and 85 screens representing a total seating capacity exceeding 21,100 seats.
The company utilizes four distinct operating models to manage its cinema portfolio, comprising Owned cinemas (6 locations, 18 screens), Variable lease models (7 locations, 30 screens), Fixed lease models (8 locations, 34 screens), and Operations and Maintenance (O&M) partnerships (1 location, 3 screens).
02 · Historical context
What shaped the business before this quarter
The company's cinema exhibition lineage dates back to 1997 when it pioneered the launch of India's first multi-screen cinema in Mumbai.
During the 2005-2010 period, the company established the 'RED Lounge' gold standard by introducing Mumbai's first all-recliner theatre format and completed a public listing.
In FY23, the company initiated its current growth trajectory by rebranding under MovieMAX, resuming operations at company-owned properties and launching a strategic screen expansion initiative.
During FY24, Cineline expanded its portfolio with large-format multiplexes, including a premium 3-screen multiplex at Ansal Plaza, Gurugram, and an 8-screen flagship at Amanora Mall.
During FY25, the company introduced the 'MovieMAX Edition' luxury all-recliner format across Mariplex in Pune and RCube Mall in Noida, alongside large-screen Infinity format screens in Bareilly.
During FY26, the company extended its geographic reach into Southern markets with a launch in Chennai, Tamil Nadu, and established its first O&M model in Dadra Nagar Haveli.
03 · Financial snapshot
Current-quarter financial snapshot
| Metric | Q1 FY27 |
|---|---|
| Revenue from operations | ₹59.27 Cr |
| Total income | ₹60.31 Cr |
| Profit before tax | ₹-1.48 Cr |
| Profit after tax | ₹-1.21 Cr |
| EPS | ₹-0.35 |
04 · Why it moved
Why the quarter looked the way it did
What drove revenue
Net Box Office Collections reached Rs. 3,615 lakh during Q1 FY27, representing a 32% year-on-year increase driven by strong movie content performance and a 29% surge in admits to 18.0 lakh.
Net F&B collections rose 29% year-on-year to Rs. 1,856 lakh, supported by culinary assortments at Max Cafe, specialty beverages such as matcha and fresh blends, and steady per-patron spend metrics.
The top-grossing film for the quarter was 'Dhurandhar The Revenge', which contributed total box office collections of Rs. 662 lakh, followed by 'Bhooth Bangla' at Rs. 462 lakh and 'Raja Shivaji' at Rs. 455 lakh.
What drove margins
Pre-Ind AS 116 EBITDA margin improved by 380 basis points year-on-year to reach 10.1%, driven by operating leverage from higher admissions and revenue growth.
Pre-Ind AS 116 rental costs rose 1% year-on-year to Rs. 931 lakh, while other operating expenses increased 22% year-on-year to Rs. 4,466 lakh.
Reported EBITDA under Ind AS 116 stood at Rs. 1,262 lakh with an EBITDA margin of 20.9%, after factoring in lease adjustments of Rs. 657 lakh.
05 · Segments, products & geography
Which parts of the business are doing the work
Geography and market mix
The geographic distribution of screens shifted as part of management's expansion strategy, with Western region screens accounting for 42% (down from 54% in FY2026), Northern screens at 38%, and Southern screens expanding to 20% (up from 11%).
06 · Capacity, projects & execution
What is being built, commissioned or delivered
Capacity, production and utilisation
The operational screen network stood at 85 screens across 22 cinemas and 15 cities, offering a total seating capacity in excess of 21,100 seats.
Projects, capex and execution
The company holds a committed pipeline of 35 screens under fit-outs, with management targeting 20 to 25 commercial openings during FY27 to reach an estimated total count of 105 to 110 screens.
3 screens in Gurugram, Haryana, are ready for launch and scheduled to open in Q2 FY27.
Committed fit-outs under execution include 5 screens in Bangalore, 4 in Hyderabad, 4 in Nagole, 3 in Agra, 3 in Noida, 6 in Chennai, 4 in Belgaum, and 3 upcoming fit-outs in Dehradun.
07 · Strategy & new businesses
How the company is trying to change its growth mix
Mr. Rajeev Sharma was appointed as Joint CEO of Cineline India Limited, bringing over 30 years of experience across cinema exhibition, entertainment, media, and consumer products, having previously served as CEO of NY Cinemas.
08 · Reported developments
What changed operationally
Citing Ormax Media data, industry box office collections for Jan-Jun 2026 reached Rs. 6,398 crore (highest first-half total since the pandemic), while all-India footfalls rose 5% year-on-year to 37.8 crore, reversing three years of stagnation.
Management noted that Cineline emerged as the leading movie exhibitor in Q1 FY27, recording the highest growth in admissions, Gross Box Office Collections, and combined GBOC and F&B revenues.
09 · Pressure points & risks
What is not going smoothly
The company recorded an exceptional item loss of Rs. 154 lakh representing the written-down value of fixed assets lost in a fire at Ghaziabad, for which an insurance claim has been filed and is expected to be settled in due course.
10 · Items worth noticing
The line items that can distort a quick read
A charge of Rs. 154 lakh recognized as an exceptional item for the written-down value of fixed assets lost in a fire at Ghaziabad, subject to pending insurance settlement under Ind AS 16.
11 · Beyond the numbers
What changed beyond the numbers
Reported update
Promoter Leadership
The leadership team comprises Mr. Rasesh B. Kanakia (Chairman), Mr. Himanshu B. Kanakia (Managing Director), and Mr. Ashish R. Kanakia (Chief Executive Officer).
Reported update
Marketing and Branding
The company executed promotional campaigns featuring artist visits and influencer marketing, including appearances by director R.K. Balaji at Sion and Ritesh Deshmukh at Amanora Pune.
12 · Key Q&A
The quarter, answered directly
What does Cineline India do?
Cineline India Limited operates in the cinema exhibition sector through its flagship brand, MovieMAX, building a technology-led multiplex network across India that blends premium cinematic experiences with accessible entertainment.
What is the clearest takeaway from Q1 FY27?
Cineline India reported standalone operational results for the quarter ended June 30, 2026, delivering its highest-ever first-quarter performance supported by robust box office momentum.
What drove revenue or demand?
Net Box Office Collections reached Rs. 3,615 lakh during Q1 FY27, representing a 32% year-on-year increase driven by strong movie content performance and a 29% surge in admits to 18.0 lakh.
What mattered most for margins or profitability?
Pre-Ind AS 116 EBITDA margin improved by 380 basis points year-on-year to reach 10.1%, driven by operating leverage from higher admissions and revenue growth.
What changed operationally beyond the headline numbers?
The operational screen network stood at 85 screens across 22 cinemas and 15 cities, offering a total seating capacity in excess of 21,100 seats.
What are the main pressure points disclosed for the quarter?
The company recorded an exceptional item loss of Rs. 154 lakh representing the written-down value of fixed assets lost in a fire at Ghaziabad, for which an insurance claim has been filed and is expected to be settled in due course.
13 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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14 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Gurgaon Launch: Execution and commercial opening of the 3-screen multiplex in Gurugram during Q2 FY27.
- 02
Screen Expansion Pipeline: Progress on the 35 committed screen fit-outs toward achieving management's target of 20 to 25 total openings in FY27.
- 03
Insurance Claim Settlement: Resolution and recovery of the insurance claim filed regarding the fixed asset loss at the Ghaziabad property.
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