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 Transport

Anand Vihar and Punjabi Bagh Flyovers Ready

Work on two major road infrastructure projects, the Anand Vihar flyover and the Punjabi Bagh flyover, has been completed but are yet to be opened for public use, according to officials. Located in highly congested areas, work on these projects started around two years ago. "The work on the flyover is complete and it is ready for opening," said a PWD official on Wednesday. According to sources, both the flyovers are likely to be inaugurated closer to the assembly elections in Delhi, scheduled for early next year. During the time the work was under way, motorists faced heavy traffic congestion ..

Next Story
Infrastructure Transport

RDSO finalise oscillation trials on Indore Metro

Indore Metro Phase 1 advances with the completion of oscillation and brake performance trials on the Yellow Line through three coaches manufactured by Alstom conducted by Research Design and Standards Organisation (RDSO). The oscillation trials were conducted with an aim to evaluate the stability and performance of the three different coaches during the movement, ensuring that the commencement of operation on Indore metro meets the safety and performance standard. The Emergency Braking Distance (EBD) was also reviewed by the RDSO team to evaluate the efficient stopping of trains during the op..

Next Story
Infrastructure Urban

IIT Guwahati develops sustainable geopolymer

A research team at the Indian Institute of Technology Guwahati, led by Prof. Anil K. Mishra from the Department of Civil Engineering, has developed an innovative solution to two major global challenges: industrial waste management and sustainable construction. Their research focuses on creating a geopolymer using industrial byproducts and waste materials, such as water treatment sludge (WTS), fly ash (FA), and ground granulated blast furnace slag (GGBS). “With the rapid pace of urbanisation and industrialisation, managing industrial waste has become a critical global issue," said IIT Guwaha..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000