Mumbai, February 3, 2025 – Cineline India Limited (BSE: 532807, NSE: CINELINE) has announced its unaudited financial results for the third quarter (Q3) and nine months ending December 31, 2024. The company reported a revenue increase, profitability from continuing operations, and key strategic developments.
Financial Highlights (₹ in Lakhs)
| Particulars | Q3 FY25 | Q2 FY25 | Q3 FY24 | 9M FY25 | 9M FY24 |
|---|---|---|---|---|---|
| Revenue from Operations | 6,330.58 | 5,583.66 | 5,219.61 | 15,561.51 | 15,258.10 |
| Other Income | 39.08 | 33.94 | 209.79 | 115.12 | 471.98 |
| Total Income | 6,369.66 | 5,617.60 | 5,429.40 | 15,676.63 | 15,730.08 |
| EBITDA | 1,516.21 | 1,456.58 | 1,365.31 | 4,287.00 | 4,370.84 |
| Profit/(Loss) Before Tax | 152.80 | 93.23 | 175.12 | (650.09) | 566.46 |
| Net Profit/(Loss) | 451.04 | 91.20 | 163.42 | (512.03) | 195.77 |
- The company achieved a YoY revenue growth of 21.3%, driven by higher occupancy rates and ticket pricing improvements.
- EBITDA remained stable, though profitability was impacted by depreciation and finance costs.
- The net profit from continuing operations stood at ₹123.13 lakhs, while gains from discontinued operations contributed ₹327.91 lakhs.
Segment Performance
| Segment | Q3 FY25 Revenue | 9M FY25 Revenue |
|---|---|---|
| Cinema Exhibition | ₹6,330.58 lakhs | ₹15,561.51 lakhs |
| Discontinued Operations | ₹1,688.75 lakhs | ₹4,213.53 lakhs |
- Cinema exhibition segment remained the key revenue driver, with consistent quarter-on-quarter growth.
- The company classified its investment in R&H Spaces Private Limited as ‘Held for Sale’, following shareholder approval.
Corporate Developments
- Warrant Issuance & Fundraising
- The company issued 38,46,153 warrants at ₹117 each, raising ₹44.99 crore. This will be used for expansion and debt reduction.
- Sale of R&H Spaces Private Limited
- Shareholders approved the divestment of R&H Spaces Pvt Ltd. The move aligns with Cineline’s strategy to focus on its core cinema business.
- Convertible Warrant Conversion
- In October and December 2023, 27 lakh warrants were converted into equity shares, strengthening the company’s capital structure.
Management Commentary
Rasesh Kanakia, Chairman, stated:"Cineline’s financial performance reflects the resilience of our business model and strategic initiatives. Our focus remains on strengthening our cinema exhibition business while divesting non-core assets to unlock value for shareholders."
Outlook & Strategic Focus
- Expansion of the MovieMax brand across India.
- Enhancing customer experience and technology adoption in cinema operations.
- Strengthening balance sheet through warrant-based fund inflows.