Cineline Q1 revenue jumps 28%, but fire loss leaves net in red
Revenue hit ₹60.02 cr and EBITDA doubled, but a ₹1.54 cr fire write-off pushed the quarter to a net loss of ₹1.21 cr. Management remains bullish on adding 20-25 screens this year.
— 3 earlier stories on Cineline India Ltd. →What's new
- Revenue up 28% YoY to ₹60.02 cr; EBITDA more than doubled to ₹6.05 cr, margin 10.1%.
- Admissions rose 29% to 1.8M; box office and F&B collections grew 32% and 29%.
- Net loss of ₹1.21 cr due to a ₹1.54 cr write-off from the Kaushambi multiplex fire.
Why this matters
Cineline delivered strong operating metrics, the highest EBITDA in recent quarters, but the Kaushambi fire erased the bottom line. For a nano-cap with a market cap of just ₹268 cr, a single incident can wipe out three months of earnings. The company's asset-light expansion plan is meant to reduce such risk, but execution is key.
What we're watching
- Whether the Gurgaon screens open in Q2 as planned and whether the 20-25 screen target sticks.
- South India foray: asset-light model may cap capex but also limit revenue upside.
- Any insurance recovery on the fire loss, though not mentioned in the release.
The full read
Cineline India's Q1 FY27 numbers show a business humming. Revenue up 28% to ₹60.02 crore and EBITDA more than doubled to ₹6.05 crore. Admissions hit 1.8 million, a 29% jump. The box office and F&B lines grew 32% and 29%, respectively. Yet the bottom line reads ₹1.21 crore in the red. The culprit is a ₹1.54 crore write-off from the Kaushambi multiplex fire on 21 May. Strip that out, and Cineline would have reported a profit. The fire cost the company its entire net profit. CEO Ashish Kanakia is betting on scale: 20-25 new screens this year, starting with three in Gurgaon, plus a South India push via an asset-light model. That model is the right move for a ₹268 cr market cap operator, less capital tied up in real estate and more focus on operations. The next test is whether the expansion delivers the same per-screen economics.
Questions answered
- How much revenue did Cineline report for Q1 FY27?
- Total revenue was ₹60.02 crore, up 28% year-on-year, driven by strong theatre footfalls and higher consumer spending.
- What caused the net loss despite higher revenue?
- The loss is due to a ₹1.54 crore asset write-off from the fire at its Kaushambi multiplex. This pushed the bottom line to a loss of ₹1.21 crore.
- What are Cineline's expansion plans for FY27?
- The company plans to add 20–25 screens this year, starting with three screens in Gurgaon in Q2. It also aims to enter South India using an asset-light operations model.
- Is the fire an isolated event or part of a larger trend?
- The fire is a one-time incident. Management's commentary focuses on growth, and the asset-light model is designed to reduce fixed-asset exposure going forward.
Cineline India Ltd.
Latest quarter · Mar 2025
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All notes on CINELINE →- 27 Jul 2026 · 6:45 PM IST Cineline Q1 revenue jumps 28%, but fire loss leaves net in red
- 1d ago Cineline's Q1 profit erased by ₹1.54 cr fire write-off
- 1d ago Kaushambi fire costs Cineline ₹1.54 cr, pushes Q1 to ₹1.21 cr loss
- 68d ago Cineline India reports fire at its Ghaziabad property