Cineline India Limited (CINELINE)
₹91.43 +2.33% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Cineline India's revenue was ₹59.3 Cr (+47.9% year on year, -4.7% on the previous quarter), and net profit ₹-1.2 Cr (against a profit a year earlier); the operating margin was 19.5%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹59.3 | +47.9% | -4.7% |
| Operating profit | ₹11.6 | -64.2% | -15.9% |
| Net profit | ₹-1.2 | to loss | to loss |
| EPS (₹) | -0.35 | to loss | to loss |
| Operating margin | 19.5% | — | — |
CINELINE delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 89.17% of the CINELINE shares traded on NSE were taken to delivery, against the stock's own 20-session average of 72.01%. That is higher than usual for this stock. Turnover was only ₹15 lakh, so a handful of trades can move this figure. Volume was 0.5 times its average, well below normal.
Delivery in the last 5 sessions: 80.1% · 89.0% · 81.7% · 83.7% · 89.2%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Cineline India Limited submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate was issued by Registrar and Share Transfer Agent MUFG Intime India Private Limited on October 06, 2026. It confirms that securities received for dematerialisation during the period were processed and listed on the respective stock exchanges within prescribed timelines. This is a recurring administrative disclosure with no financial impact.
- Regulation 74(5) certificate issued for the quarter ended September 30, 2026
- Confirmation provided by Registrar and Share Transfer Agent MUFG Intime India Private Limited dated October 06, 2026
- Securities received for dematerialisation confirmed, processed, and listed per regulatory timelines
Cineline India Limited announced the voting results and scrutinizer report for its 24th Annual General Meeting held on September 23, 2026. Shareholders approved all three ordinary resolutions with 99.999% requisite majority. Key approvals include the adoption of FY26 financial statements, declaration of a final dividend of Re. 1.25 per equity share (25% on Rs. 5 face value), and the re-appointment of Director Mrs. Hiral Kanakia.
- All 3 ordinary resolutions approved with over 99.999% votes cast in favor
- Final dividend of Re. 1.25 per share (25% on face value of Rs. 5) approved for FY26
- Total of 2,64,36,819 valid votes polled representing 69.37% of outstanding shares
- A total of 97 shareholders attended the AGM via Video Conferencing
Cineline India Limited has announced its participation in a group investor conference organized by Arihant Capital on September 29, 2026, from 1:00 PM to 2:00 PM IST. The meeting will be held virtually, and discussions will strictly center around publicly available information with no unpublished price-sensitive information (UPSI) involved. The announcement is a routine compliance filing pursuant to SEBI Listing Regulations.
- Investor conference scheduled for 29th September 2026
- Meeting timing set from 1:00 PM to 2:00 PM
- Organized by Arihant Capital via virtual mode
- No unpublished price sensitive information (UPSI) will be discussed
Cineline India Limited responded to an exchange query regarding a discrepancy in its XBRL financial results for the quarter ended June 30, 2026. The company stated that the error in the reported EPS in the XBRL format was inadvertent and occurred during filing preparation. The original PDF results submitted on July 27, 2026, contained the correct figures, and a revised XBRL filing has been submitted.
- Clarification submitted in response to NSE observation regarding discrepancy under Regulation 33
- Discrepancy pertained to EPS reported in XBRL filing for board meeting outcome dated July 27, 2026
- Company confirmed the PDF filing figures were correct and submitted revised XBRL data on August 21, 2026
Cineline India Limited has issued a TDS communication to shareholders concerning the recommended final dividend of Rs 1.25 per equity share (25% of face value Rs 5) for FY 2025-26. The dividend payment is subject to shareholder approval at the 24th AGM scheduled for September 23, 2026. The record date to determine eligibility for the dividend payout is set as September 16, 2026. Eligible shareholders must submit requisite tax exemption forms or declarations by September 16, 2026, to ensure appropriate withholding tax rates.
- Final dividend recommended at Rs 1.25 per equity share of face value Rs 5 (25%) for FY 2025-26
- Record date fixed as Wednesday, September 16, 2026, for determining eligible shareholders
- 24th Annual General Meeting (AGM) scheduled for Wednesday, September 23, 2026
- Standard TDS rate of 10% for resident individuals with valid PAN receiving over Rs 10,000, and 20% without PAN
- Deadline to submit tax exemption documents (Form 121 / DTAA papers) is September 16, 2026
Cineline India Limited has issued an intimation under Regulation 36(1)(b) of SEBI Listing Regulations regarding letters sent to shareholders without registered email addresses. The communication provides weblinks and QR codes to access the Annual Report for FY 2025-26 and the Notice of the 24th Annual General Meeting (AGM). The AGM is scheduled to be held virtually via Video Conferencing on September 23, 2026, at 11:00 AM IST. The cut-off date used for identifying members requiring physical intimation was August 21, 2026.
- 24th Annual General Meeting scheduled for September 23, 2026, at 11:00 AM IST via Video Conferencing
- Cut-off date for dispatch of AGM letter to unregistered email holders was August 21, 2026
- Compliance intimation under Regulation 36(1)(b) of SEBI LODR Regulations providing AGM and FY26 Annual Report links
Cineline India Limited has fixed Wednesday, September 16, 2026, as the record date for determining shareholder eligibility for a final dividend of Rs 1.25 per equity share (face value Rs 5) for FY 2025-26. The dividend is subject to approval by shareholders at the 24th Annual General Meeting scheduled for September 23, 2026. If approved, the payout will be completed within 30 days from the AGM date. At the current market price of Rs 88.5, the recommended dividend represents a yield of approximately 1.41%.
- Final dividend recommended at Rs 1.25 per equity share of face value Rs 5
- Record date fixed as Wednesday, September 16, 2026
- 24th AGM scheduled for Wednesday, September 23, 2026 via VC/OAVM
- Dividend payout to be executed within 30 days of AGM approval
Cineline India Limited has issued the notice for its 24th Annual General Meeting scheduled for September 23, 2026, via Video Conferencing. Key agenda items include the adoption of audited financial statements for FY26 and the approval of a final dividend of 25% (₹1.25 per equity share of face value ₹5). Shareholders holding shares as of the record date on September 16, 2026, will be eligible for the dividend payout upon shareholder approval.
- 24th AGM scheduled for Wednesday, September 23, 2026, at 11:00 AM IST via VC/OAVM
- Final dividend proposed at 25% (₹1.25 per equity share of face value ₹5) for FY26
- Record date for dividend entitlement fixed as September 16, 2026
- Re-appointment of Director Mrs. Hiral Kanakia retiring by rotation placed for approval
Cineline India has launched a new 3-screen multiplex under the 'MovieMax' brand in Gurugram, Haryana, adding 477 seats to its capacity. This expansion brings the company's total operational count to 88 screens across 23 properties in 15 cities. The launch is a key step toward the company's strategic goal of reaching 125 screens by FY26, representing a 62% increase from its FY24 base. Given the company's current TTM net loss of Rs 18 Cr, scaling capacity in high-potential urban markets like Delhi NCR is critical for achieving operational profitability.
- Opened a new 3-screen multiplex at Metro World Mall, Gurugram, with a seating capacity of 477.
- Total operational screens increased to 88 across 23 properties in 15 cities.
- The new facility spans approximately 16,000 sq. ft. and is the company's 5th cinema in the Delhi NCR region.
- Company is progressing toward its FY26 target of 125 screens, having reached ~70% of the goal.
- The multiplex features premium seating options including recliners and 2K Christie/GDC projection technology.
Cineline India Limited has completed the allotment of 38,46,153 equity shares following the exercise of warrants issued in February 2025. The company received ₹33.75 crore, representing the final 75% payment at an exercise price of ₹87.75 per warrant (total issue price ₹117). The allottees include four promoter group members and one non-promoter investor, Utpal Sheth, who now holds a 4.49% stake. This capital infusion is significant, representing approximately 12% of the company's current market capitalization.
- Allotment of 38,46,153 equity shares of face value ₹5 each upon warrant conversion
- Receipt of ₹33,74,99,925.75 as the final 75% warrant exercise price
- Warrants converted at a total price of ₹117 per share, a significant premium to the current market price of ₹80.5
- Utpal Sheth (Non-Promoter) allotted 17,09,401 shares, resulting in a 4.49% post-issue stake
- Total paid-up share capital increased to ₹19.06 crore across 3.81 crore shares
Cineline India (MovieMax) reported a strong Q1 FY27 with revenue growing 28% YoY to ₹60.02 Cr, driven by a 29% increase in admissions to 18.0 lakhs. The company achieved a turnaround, posting a PAT of ₹0.34 Cr compared to a loss of ₹0.22 Cr in the same quarter last year, despite an exceptional loss from a fire incident. EBITDA margins expanded significantly by 380 bps to 10.1%, reflecting improved operational efficiency. The company remains on track for its expansion goal, targeting 20-25 new screens in FY27 through an asset-light O&M model.
- Total Revenue increased 28% YoY to ₹6,002 lakhs (₹60.02 Cr) for Q1 FY27.
- EBITDA grew 106% YoY to ₹605 lakhs, with margins expanding from 6.3% to 10.1%.
- Admissions rose 29% YoY to 18.0 lakhs, leading to a 32% growth in Net Box Office Collections.
- Company plans to add 20-25 screens in FY27, with 3 screens in Gurgaon launching in Q2 FY27.
- Average Ticket Price (ATP) improved to ₹236 from ₹232 YoY, while Spend Per Head (SPH) remained stable at ₹108.
Cineline India (MovieMAX) reported its highest-ever Q1 performance with Net Box Office collections of ₹36.15 Cr and 18.0 lakh admissions. The company is executing a rapid expansion strategy, aiming to reach 105-110 screens by the end of FY27, up from the current 85 screens. A committed pipeline of 35 screens is under fit-outs, with 3 screens in Gurgaon scheduled for a Q2 FY27 launch. While the company remains loss-making on a TTM basis (PAT -₹18 Cr), the shift toward a capital-light model and Southern market expansion are key strategic pivots.
- Net Box Office Collection for Q1 FY27 reached ₹36.15 Cr, driven by blockbusters like Dhurandhar: The Revenge.
- Screen count projected to grow to 105-110 by FY27-end, a ~25-30% increase from the current 85 screens.
- Committed pipeline of 35 screens currently under fit-outs across North and South India.
- Net F&B collections for Q1 FY27 stood at ₹18.56 Cr, reflecting strong secondary revenue streams.
- Dhurandhar: The Revenge alone contributed ₹6.62 Cr to the company's box office in Q1.
Cineline India reported a 30.9% YoY increase in revenue from operations to ₹59.27 Cr for the quarter ended June 30, 2026. The company narrowed its net loss to ₹1.21 Cr from a loss of ₹2.06 Cr in the same period last year. Results were weighed down by a ₹1.54 Cr exceptional loss due to asset derecognition following a fire at its Kaushambi cinema premises. Operationally, the company is scaling, but high fixed costs including depreciation (₹8.91 Cr) and finance costs (₹3.65 Cr) continue to impact the bottom line.
- Revenue from operations increased 30.9% YoY to ₹59.27 Cr from ₹45.29 Cr.
- Net loss narrowed to ₹1.21 Cr compared to a loss of ₹2.06 Cr in Q1 FY26.
- Exceptional loss of ₹1.54 Cr recognized for damaged assets at Pacific Mall, Kaushambi, following a fire on May 21, 2026.
- Movie exhibition costs rose to ₹15.26 Cr, representing 25.7% of revenue from operations.
- Finance costs and depreciation combined totaled ₹12.55 Cr, accounting for 21% of total income.
Cineline India Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by its Registrar and Share Transfer Agent (RTA), MUFG Intime India Private Limited, confirms that share certificates received for dematerialization during the quarter ended June 30, 2026, were processed within prescribed timelines. The RTA also confirmed that physical certificates were mutilated and cancelled after due verification. This is a standard administrative filing required for all listed companies in India.
- Compliance certificate issued for the quarter ended June 30, 2026
- Registrar MUFG Intime India Private Limited issued the certificate on July 01, 2026
- Company filed the disclosure with stock exchanges on July 09, 2026
- Confirms that securities received for dematerialization are listed on the stock exchanges
Cineline India Limited has informed the exchanges that its trading window for dealing in company securities will be closed starting July 1, 2026. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the release of unaudited financial results for the quarter ending June 30, 2026. The window will remain shut until 48 hours after the financial results are officially declared. The specific date for the Board of Directors meeting to approve these results will be announced at a later date.
- Trading window closure effective from July 1, 2026.
- Closure is related to the unaudited financial results for the quarter ended June 30, 2026.
- Trading restriction applies to all designated persons and their immediate relatives.
- Window will reopen 48 hours after the declaration of the quarterly results.
Financial Performance
Revenue Growth by Segment
Film Exhibition revenue grew 14% YoY in Q2 FY26 to INR 64.26 Cr, driven by strong movie releases and a 9% YoY growth in admissions to 19.9 Lakhs.
Geographic Revenue Split
Operates 77 screens across 13 cities including Mumbai, NCR, and Hyderabad; expanding to 18 cities with a pipeline of 84 tied-up screens.
Profitability Margins
EBITDA margin improved significantly from 6.27% in FY23 to 23.5% in Q2 FY26; 1HFY24 EBITDA margin was 25.15% due to higher occupancy and ticket prices.
EBITDA Margin
EBITDA margin stood at 23.5% in Q2 FY26, reflecting an 11% YoY growth in EBITDA to INR 15.12 Cr.
Capital Expenditure
Monetized Hyatt Centric Goa for INR 270 Cr to fund cinema expansion; target cash reserve of INR 80-100 Cr by FY 2025-26 to support strategic growth.
Credit Rating & Borrowing
Rated by Infomerics; became debt-free in FY26 after reducing debt by INR 228 Cr, resulting in annual interest savings of INR 22 Cr.
Operational Drivers
Raw Materials
Film Exhibition Rights (content) and Food & Beverage (F&B) supplies are the primary operational inputs.
Import Sources
Sourced domestically from Indian film distributors and local F&B vendors.
Capacity Expansion
Current capacity of 77 screens across 19 cinemas; planned expansion to 125 screens by FY26 (62% increase).
Manufacturing Efficiency
Admissions grew 9% YoY to 19.9 Lakhs in Q2 FY26, reflecting improved capacity utilization and brand appeal.
Strategic Growth
Expected Growth Rate
62%
Growth Strategy
Expansion from 77 to 125 screens by FY26 using a capital-light revenue-sharing model with developers, funded by the INR 270 Cr monetization of non-core assets and internal accruals.
Products & Services
Movie tickets, food and beverages (popcorn, snacks), and on-screen advertising services.
Brand Portfolio
Moviemax, Max Recliner Club.
New Products/Services
Upscale services like 'Max Recliner Club' and screen renovations to premium formats are expected to drive higher spending per head.
Market Expansion
Expanding from 13 cities to 18 cities with a pipeline of 84 tied-up screens across 20 properties.
Market Share & Ranking
Not disclosed, but recognized as 'Most Impactful Brand of the Year' at Big Cine Expo 2025.
Strategic Alliances
Partnering with mall developers for revenue-sharing screen additions to minimize upfront investment.
External Factors
Industry Trends
The multiplex industry is shifting towards premiumization and asset-light expansion; Cineline's 14% revenue growth reflects successful positioning in this trend.
Competitive Landscape
Competes with established multiplex chains; differentiates through premium services like Max Recliner Club and strategic metro locations.
Competitive Moat
The 'Moviemax' brand and the shift to a debt-free, capital-light model provide a sustainable competitive advantage for rapid national expansion.
Macro Economic Sensitivity
Highly sensitive to GDP growth and inflation, which affect consumer discretionary spending and occupancy rates.
Consumer Behavior
Increasing preference for premium cinema experiences and higher F&B spending, supporting the 11% YoY EBITDA growth.
Geopolitical Risks
Geopolitical uncertainties are identified as a risk factor that could impact economic stability and market demand.
Regulatory & Governance
Industry Regulations
Compliance with the Cinematograph Act, local entertainment tax/GST regulations, and food safety standards for F&B operations.
Risk Analysis
Key Uncertainties
Content volatility and economic cycles could impact the 14% revenue growth and 23.5% EBITDA margins.
Geographic Concentration Risk
100% of revenue from India, with current presence in 13 cities.
Third Party Dependencies
High dependency on film producers for content and mall developers for site locations.
Technology Obsolescence Risk
Risk of competition from OTT platforms; mitigated by investing in premium in-theatre experiences like Max Recliner Club.
Credit & Counterparty Risk
Strong liquidity with INR 33.27 Cr cash balance and debt-free status.
