Cineline India Q1 FY27 Results (NSE: CINELINE)
Signal: Margin expansion
The read
Q1FY27 marks a strong operational turnaround with revenue growth accelerating, EBITDA margin expanding sharply, and PAT swinging to profit – the first positive quarterly PAT after several quarters of losses. The exceptional item (fire) is a one-off; underlying performance robust.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹60.02 Cr | +28% | N/A |
| EBIT | ₹6.05 Cr | +106% | |
| Net profit | ₹0.34 Cr | N/A | |
| EBIT margin | 10.1% |
P&L walk
Revenue growth driven by strong footfall (admits +29%) and box office (+32%), with EBITDA margin expanding 380bps on operating leverage; PAT turned positive but includes exceptional fire-related loss.
Key positives
- Revenue up 28% YoY to ₹6,002 Lakh, driven by 29% growth in admits.
- EBITDA margin expanded 380bps to 10.1%, demonstrating operating leverage.
- PAT turned positive at ₹34 Lakh vs loss of ₹22 Lakh in Q1FY26.
- Net Box Office (+32%) and F&B collections (+29%) both grew strongly.
- Strategic expansion into South India and asset-light O&M model for future growth.
Key concerns
- PAT includes an exceptional loss from a fire incident in Ghaziabad (amount not disclosed).
- ATP growth muted (+2%) and SPH flat, indicating limited pricing power.
- EBITDA margin still at 10.1%, below industry averages for larger players.
- No EPS disclosed, limiting per-share analysis.
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