Cineline's Q1 profit erased by ₹1.54 cr fire write-off
MovieMax operator swung to a ₹1.21 cr net loss from a ₹3.32 cr profit. Insurance claim filed; recovery uncertain.
— 3 earlier stories on Cineline India Ltd. →What's new
- Q1 net loss of ₹1.21 cr due to a ₹1.54 cr fire-related asset derecognition.
- Revenue slipped to ₹59.27 cr from ₹62.23 cr in the March quarter.
- Insurance claim lodged for damage and loss of profit; assessment underway.
Why this matters
For a nano-cap multiplex operator like Cineline, a ₹1.54 cr write-off is material — it erased the previous quarter's profit. The insurance recovery could reverse the loss, but timing and quantum are uncertain. The sequential revenue dip adds softness.
What we're watching
- Insurance claim settlement: amount and timeline.
- Resumption of operations at the Kaushambi multiplex.
- Sequential revenue trajectory in the next quarter.
The full read
Cineline India's ₹1.21 cr net loss in Q1 FY27 is entirely a fire story. A blaze at its Kaushambi multiplex on 21 May forced a ₹1.54 cr write-off of damaged assets, more than enough to erase the ₹3.32 cr profit the MovieMax operator posted in the previous quarter. Revenue slipped 5% sequentially to ₹59.27 cr, adding another worry. The company has filed an insurance claim, and any recovery would reverse the loss. But the quantum is uncertain, and for a nano-cap with a ₹268 cr market cap, every quarter counts. The filing is routine, with no guidance or strategic shifts, but the fire's financial impact is real.
Questions answered
- What caused Cineline's Q1 net loss?
- A fire at its Kaushambi multiplex on 21 May led to a ₹1.54 cr write-off of damaged assets, swinging the company from a ₹3.32 cr profit to a ₹1.21 cr net loss.
- Has Cineline filed an insurance claim?
- Yes. The company has lodged a claim for damage and loss of profit. The assessment is underway, and the settlement may partially or fully offset the write-off.
- How did revenue perform year-on-year?
- The filing does not provide a year-ago revenue figure, but the analyst rationale notes revenue grew year-on-year. Sequentially, revenue declined from ₹62.23 cr to ₹59.27 cr.
- Is the Kaushambi multiplex still operational?
- The fire was contained and no casualties occurred. The asset write-off suggests significant damage; the filing does not specify current operational status.
- What was Cineline's prior quarter profit?
- In the March quarter, Cineline reported a net profit of ₹3.32 cr on revenue of ₹62.23 cr. The year-ago quarter had a net loss of ₹12 cr.
Cineline India Ltd.
Latest quarter · Mar 2025
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Story so far
All notes on CINELINE →- 27 Jul 2026 · 2:01 PM IST Cineline's Q1 profit erased by ₹1.54 cr fire write-off
- 1d ago Cineline Q1 revenue jumps 28%, but fire loss leaves net in red
- 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