Cineline India Ltd

Gurugram multiplex opening

• Opening of a 3-screen MovieMax multiplex at Metro World Mall, Gurugram, Haryana.
• Spread across 16,000 sq ft; 477 seats across three screens.
• Equipped with 2K Christie/GDC Server projection for enhanced picture quality.
• Located at Metro World Mall, Sector 56, 0.7 km from Sector 54 Chowk Metro Station.
• Second Gurugram property; fifth cinema in Delhi NCR.
• Cineline now operates 88 screens across 23 properties in 15 cities.

Overview

• Q1 FY27 unaudited results released for quarter ended 30 June 2026.

Financial highlights

• Total revenue INR 6,002 lakh, up 28% YoY.
• EBITDA INR 605 lakh; margin 10.1%.
• PAT ₹34 lakh; Cash PAT ₹477 lakh; Ghaziabad fire loss included.
• Admissions 18.0 lakh; Net Box Office 3,615 lakh; Net F&B 1,856 lakh.
• ATP 236; SPH 108; ATP+SPH 345.
• Operational cinemas 22; screens 85; seats 21,100+; across 15 cities.

Growth & expansion plan

• Expansion into South India to build diversified national footprint.
• On track to add 20–25 screens in FY27; three Gurgaon screens in Q2 FY27.
• Asset-light O&M model to improve returns and balance sheet flexibility.
• Content slate supports audience engagement across languages and genres.
• Premium formats and F&B offerings to boost spend.

Business Overview

• Cineline operates MovieMAX, a technology-led cinema chain across seven states and one Union Territory.
• Flagship brand; expanding with a committed pipeline of 29 screens by FY27.
• FY27 openings target: 20-25 new screens; 10-15 beyond FY27.
• Q1 FY27 revenue ₹60.02cr; EBITDA ₹6.05cr; EBITDA margin 10.1%.
• Admits reached 18 lakh; ATP+SPH up 23% YoY; NBOC & F&B revenue up 1.6x since Q1 FY24.
• South expansion accelerated with Chennai and Hyderabad launches; Dadra Nagar Haveli O&M model.

Key Operational Highlights

• Three-screen Gurgaon launch planned for Q2 FY27.
• Committed screen fit-outs totaling 29 across multiple states.
• FY2026-27 region mix evolving: West 54%, North 35%, South 11% (FY2026); FY2027E 42% West, 38% North, 20% South.
• Next-gen tech: 2K/4K projections with immersive 7.1 surround sound.
• The MovieMAX Edge enhances premium designs and experiences.
• Upcoming titles include Ramayana: Part 1 and Avengers: Doomsday.

Financial Performance

• Total Revenue ₹6,002 lakh in Q1 FY27, up 28% YoY.
• EBITDA ₹605 lakh; EBITDA margin 10.1%; YoY EBITDA growth 71%.
• PAT ₹34 lakh in Q1 FY27.
• Reported EBITDA CAGR ~18% over the period.
• NBOC & F&B revenue grew to 1.6x since Q1 FY24.
• Admits 18 lakh; ATP + SPH up 23% in Q1 FY27.

Capital Structure & Liquidity

• Capital structure actions or debt actions disclosed in this update are not detailed.

Strategic Priorities & Outlook

• Expand profitable screens; accelerate Southern expansion via land banks and partnerships.
• FY27 openings targeted at 20-25; balance openings beyond FY27.
• Invest in premium experience via The MovieMAX Edge (2K/4K projections, enhanced sound).
• Content slate supports growth with high-profile releases; strong H2 slate anticipated.

Governance & Leadership

• Mr. Rajeev Sharma appointed Joint CEO of Cineline India Limited.
• Chairman: Rasesh B. Kanakia; Managing Director: Himanshu B. Kanakia; CEO: Ashish R. Kanakia.
• CFO Vipul Parekh continuing in role.

Financial results

• Total income for the quarter: 6,030.93 lakh.
• Revenue from operations: 5,927.46 lakh; other income: 103.47 lakh.
• Total expenses: 6,024.87 lakh.
• Profit before tax before exceptional items: 6.06 lakh.
• Exceptional items: (154.19) lakh; derecognition of fire-damaged assets.
• Profit before tax after exceptional items: (148.13) lakh.
• Tax: MAT credit reversal 86.38; deferred tax (113.53) lakh.
• Profit from continuing operations: (120.98) lakh.
• Total comprehensive income: (113.55) lakh.
• EPS from continuing operations: (0.35) per share.
• Fire incident at Pacific Mall Kaushambi; insured assets.
• One operating segment; no segment reporting.
• Board approved unaudited results on 27 July 2026.
• Labour Codes impact recognized earlier as exceptional item: Rs 59.19 lakh.

Key details

• Target Company: Cineline India Limited.
• Disclosing Party: Vistra ITCL (India) Limited; not a promoter group entity.
• Transaction Type: Acquisition via pledge of equity shares.
• Pre-transaction holding: 56,00,000 shares, 16.34%.
• Transaction details: 65,00,000 shares acquired by pledge (18.97%).
• Post-transaction holding: 1,21,00,000 shares, 35.13%.
• Date of transaction: June 24, 2026.
• Share capital context: pre/post equity capital: 3,42,66,434 shares (Rs 17,13,32,170).
• Total diluted share capital: not disclosed.

Key details

• Target company: Cineline India Limited.
• Acquirer and PAC: Vistra ITCL (India) Limited, as debenture trustee.
• Promoter group: No.
• Exchange: BSE Limited.
• Pre-acquisition holding: NIL in all categories.
• Acquisition: 5,600,000 shares, 16.34%, by pledge of equity shares.
• Post-acquisition holding: 5,600,000 shares, 16.34%.
• Mode: Pledge of equity shares.
• Date of acquisition: February 24, 2026.
• Equity share capital before/after: 3,42,66,434 shares, Rs 5 face, Rs 17,13,32,170.
• Salient features: None specified.

Encumbrance details

• Cineline India Limited promoter shares totaling 65,00,000 pledged on 24-06-2026.
• First two pledges: 2,00,000 shares each (0.58%).
• Beneficiary trustee: Vistra ITC (India) Limited for these pledges.
• Lenders for first two pledges: Shashwat Belapurkar; Deepika Belapurkar; Sanjeev Bajaj; Meena Bajaj.
• Next two pledges: 30,50,000 shares each (8.90%).
• Beneficiary trustees: Vrutant Benefit Trust; Ashish Benefit Trust.
• Lenders for these pledges: ANS Ventures; Richard Shuenn Ching Liu.
• Promoters: Himanshu Kanakia and Rasesh Kanakia via their trusts.
• End use: funds for promoter's personal use; no lending business.
• Total encumbered shares equal 65,00,000 (≈18.96% of total equity).
• Date of creation: 24.06.2026.