MovieMAX closes FY26 with record revenue, improving margins, and a visible expansion pipeline

FY26 pre Ind AS total revenue was INR 24,205 lakh and pre Ind AS EBITDA was INR 3,565 lakh, with an EBITDA margin of 14.7 percent.

Q4 FY26 pre Ind AS revenue was INR 6,323 lakh and pre Ind AS EBITDA was INR 905 lakh, with a pre Ind AS EBITDA margin of 14.3 percent and PAT of INR 480 lakh.

The presentation reports 22 cinemas, 85 screens and over 21,100 seats across 15 cities, with presence across 7 states and 1 Union Territory.

The company states a plan to expand by 20 to 25 screens by FY27E, implying an estimated 105 to 110 screens by FY27, with many sites expected to open in Q4 FY27 and possible delays into FY28.

The company highlights asset light expansion through developer partnerships, increased use of revenue share models, and focus on 3 to 4 screen multiplex formats to lower upfront capex and reduce fixed rentals.

The company states it repaid major debt of INR 228 crore in FY25 via monetization of non core assets and expects annual debt servicing savings of INR 22 crore, with incremental cash flows intended for cinema expansion.

FY26 admits were 68.6 lakh, ATP was INR 259, SPH was INR 105, and ATP plus SPH was INR 364, as per the presentation.