PVR INOX Limited has submitted to the Stock Exchange Transcript of the Earnings Conference Call for analysts and investors held on Friday, 24th July, 2026.

July 30, 2026 The Manager - Listing National Stock Exchange of India Limited (Scrip Symbol: PVRINOX) The Manager – Listing BSE Limited (Scrip Code: 532689) Sub: Compliance under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir / Madam, This is with reference to and in continuation of our letter dated 16th July, 2026 and pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the officials of the Company participated in the Q1 FY27 earnings conference call for analysts and investors held on Friday, 24th July, 2026. A copy of the transcript of the proceedings of said conference call is enclosed herewith for your information and records. The transcript shall also be available on the website of the Company https://www.pvrcinemas.com/investors-section . This is for your information and records. Thanking You. Yours sincerely, For PVR INOX Limited Murlee Manohar Jain SVP- Company Secretary & Compliance Officer Encl: A/a “PVR INOX Limited Q1 FY27 Earnings Conference Call” July 24, 2026 MANAGEMENT: MR. AJAY KUMAR BIJLI – MANAGING DIRECTOR – PVR INOX LIMITED MR. SANJEEV KUMAR – EXECUTIVE DIRECTOR – PVR INOX LIMITED MR. GAURAV SHARMA – CHIEF FINANCIAL OFFICER – PVR INOX LIMITED MR. GAUTAM DATTA – CHIEF EXECUTIVE OFFICER, PVR INOX LIMITED MR. KAMAL GIANCHANDANI – CHIEF BUSINESS PLANNING & STRATEGY, PVR INOX LIMITED MODERATOR: MR. NIRANT DHUMAL – ICICI SECURITIES Page 1 of 15 PVR-INOX Limited July 24, 2026 Moderator: Ladies and gentlemen, good day, and welcome to PVR INOX Limited Q1 FY '27 Earnings Conference Call hosted by ICICI Securities Limited. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star then zero on your touchtone phone. I now hand the conference over to Mr. Nirant Dhumal from ICICI Securities. Thank you, and over to you, Mr. Nirant. Nirant Dhumal: Good afternoon, everyone, and welcome to PVR INOX Limited Q1 FY '27 Post Results Earnings Call. The call will start with brief management remarks on the earnings performance, followed by a Q&A session. PVR INOX management will be represented by Mr. Ajay Bijli, Managing Director; Mr. Sanjeev Kumar, Executive Director; Mr. Gaurav Sharma, Chief Financial Officer; and other senior management personnel. Over to you, sir. Ajay Kumar Bijli: Yes. Thanks very much. Good evening, everyone. This is Ajay Bijli. I'd like to welcome you to today's call to discuss the results for the quarter ended June 30, 2026. The earnings presentation and results were uploaded to our website and the stock exchanges yesterday, and I hope you've had a chance to review them. Q1 FY '27 was a strong start to the year. India's total box office collections grew 20% year-on-year this quarter with broad-based growth across metros as well as Tier 2 and Tier 3 markets across a wider set of successful and mid-scale films and across languages. The strength we are seeing in India is also visible globally. North American box office is running 14% ahead of last year at $4.8 billion for the first half of 2026. Its second best first half performance since 2019, reaffirming that theatrical first remains the release model of choice for filmmakers everywhere. The quarter saw strong performances across languages, Hindi Cinema held its ground with titles like Bhoot Bangla, Cocktail 2 and Main Vaapas Aaunga, while it was regional, Hollywood content that drove the outperformance. Hollywood found success from non-franchise titles such as Project Hail Mary, Michael and Obsession. Regional cinema delivered multifold growth on the back of compelling local content such as Raja Shivaji in Marathi, Drishyam 3 in Malayalam and Karuppu in Tamil, amongst others. Our own performance mirrored this momentum. We welcomed 36.6 million guests during the quarter, up 8% year-on-year. Equally encouraging is that guests are spending more with us on every visit with ATP touching INR273, which is up 8% and SPH at INR161, up 9%. When footfalls and per guest spends rise together, it reflects the underlying strength of the cinema going habit and of our premium offering. This translated into a strong financial performance during the quarter. On an Ind AS 116 adjusted basis, revenues grew 12% year-on-year to INR1,642 crores, while EBITDA nearly doubled to Page 2 of 15 PVR-INOX Limited July 24, 2026 INR230 crores at a 14% margin. This margin expansion reflects the benefit of operating leverage and the cost discipline we have sustained for several years. PAT came in at INR71 crores against a loss of INR34 crores in Q1 last year. The standout achievement this quarter is on the balance sheet. 3 years of sustained free cash flow generation and disciplined capital allocation have taken us to a net cash position of INR80 crores as of June 30, 2026. This gives us a complete strategic flexibility. We can now fund our growth from our own cash inflows, continue on our capital- light path and do so without the weight of leverage on our balance sheet. On the growth front, we remain on track to open around 100 screens over the course of the year through a combination of our lease and capital-light models. Looking ahead, the slate for the remainder of the fiscal gives us real confidence. Hindi Cinema has some of its biggest titles lined up, Ramayana Part 1, King and Love and War among others. Regional Cinema continues to deliver exciting content with titles like Jana Nayagan, Toxic and Jailer 2. Hollywood brings major tentpoles, including Avengers: Doomsday, Spider-Man: Brand New Day and Dune: Part Three, several of which will release in our premium large screen formats. The breadth of this lineup across languages, genres and budgets is exactly the kind of slate that plays to the strength of our network. Beyond the films, we continue to build PVR INOX into India's leading out-of-home entertainment destination. Recent live streaming of the IPL and the FIFA World Cup 2026 drew a fabulous response across our network, reaffirming that audiences want to experience marquee sporting moments together on the big screen. This sits alongside our alternate content programming, streaming concerts, live events and curated rereleases, along with premiumization of the in-cinema experience and an expanding food and beverage ecosystem. The vision is to use our screens, locations and audience trust to be present in more moments of people's leisure time, not just when a big film releases. We enter the rest of FY '27 with the strongest balance sheet in our history, a diverse content slate ahead of us, a strong pipeline of new screen openings and an industry whose growth is broader-based than there has been in years. We are confident of building on this momentum. With that, I open the floor for any questions. Thank you. Moderator: The first question is from the line of Abneesh Roy from Nuvama. Abneesh Roy: Congrats. This is Abneesh Roy from Nuvama. So two questions. So great revival across all the genres and all the languages. I wanted to understand how concerned are you on no INR500 crore plus movie in the first 2 quarters. So is that a good thing that it is well dispersed? And is that happening because now the overall calendar is something better planned because that was an issue earlier. And if you could tell us on specific of FIFA, how much was the revenue footfall? Is it a good overall development for us? Or is it just that it helps from a marketing angle, it helps from a -- if there is a lean calendar, it helps. If you could elaborate on that? Ajay Kumar Bijli: Yes. I mean the movies have become diversified, which is very good. I am really not that concerned with the fact that there's no INR500 crore movie in the first quarter. Second quarter Page 3 of 15 PVR-INOX Limited July 24 [Showing first 8,000 characters — download PDF for full document]