Kaushambi fire costs Cineline ₹1.54 cr, pushes Q1 to ₹1.21 cr loss
The multiplex fire in May is now quantified. Revenue also slipped sequentially. Insurance claim under assessment.
— 3 earlier stories on Cineline India Ltd. →What's new
- Net loss of ₹1.21 cr vs ₹3.32 cr profit prior quarter.
- Exceptional charge of ₹1.54 cr from derecognising fire-damaged assets at Kaushambi.
- Revenue slipped to ₹59.27 cr from ₹62.23 cr sequentially.
Why this matters
The fire's financial impact is now clear, confirming a ₹1.54 cr hit that erased the previous quarter's profit. The revenue decline adds to the concern, and the insurance recovery, though claimed, remains uncertain. The stock market cap of ₹268 cr means this loss is material.
What we're watching
- Insurance claim outcome and timing; could partially offset the loss.
- Whether the Kaushambi multiplex reopens and its revenue contribution.
- Any further operational disruption from the fire closure.
The full read
Cineline India's Q1 FY27 results confirm what the market feared: the May fire at its Kaushambi multiplex cost ₹1.54 crore in asset write-offs, swinging the company to a net loss of ₹1.21 crore from a profit of ₹3.32 crore in the prior quarter. Revenue also slipped 5% sequentially to ₹59.27 crore, adding to the pressure. The company says it has adequate insurance and has lodged a claim, but the amount and timing of recovery are unknown. With a market cap of just ₹268 crore, this quarter's loss is material. The insurance claim, if realised, could cushion the blow. The fire incident was known since May; now investors know the exact financial dent. The next test is how quickly the multiplex reopens and whether the insurance payout comes through.
Questions answered
- What caused the net loss in Q1 FY27?
- The company reported a net loss of ₹1.21 cr primarily due to a ₹1.54 cr exceptional charge for assets damaged in the May 2026 fire at its Kaushambi multiplex. Revenue also declined sequentially.
- How much did the fire write-off amount to?
- The fire at the Kaushambi multiplex resulted in an asset write-off of ₹1.54 cr, recorded as an exceptional item in Q1 FY27.
- Is the company insured for the fire loss?
- Yes, the company has adequate insurance and has lodged a claim, which is currently under assessment. The outcome and recovery timeline are not yet known.
- What was the revenue for the quarter?
- Revenue from operations was ₹59.27 cr, down from ₹62.23 cr in the preceding quarter.
- When did the fire incident occur?
- The fire at the Kaushambi multiplex (Pacific Mall, Ghaziabad) occurred on May 21, 2026, and was previously disclosed. The financial impact is now quantified.
- What is the loss per share for Q1 FY27?
- The basic and diluted loss per share (face value ₹10) stood at ₹0.35 for the quarter.
Cineline India Ltd.
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All notes on CINELINE →- 27 Jul 2026 · 1:49 PM IST Kaushambi fire costs Cineline ₹1.54 cr, pushes Q1 to ₹1.21 cr loss
- 1d ago 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
- 68d ago Cineline India reports fire at its Ghaziabad property