Connplex Cinemas Ltd Q2 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Published 3 Aug 2026 | Entertainment | Market Cap: ₹393 Cr
Connplex has an order book for about two years with plans to introduce 50-60 screens by FY26 year-end and another 60-75 screens by FY27 year-end. Connplex plans to add around 50-60 screens by the end of FY26 and another 60-75 screens by the end of FY27, indicating significant expansion in operational capacity.
From Connplex Cinemas Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.
Price
₹218
Market Cap
₹393 Cr
P/E Ratio
15.1
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📊 Revenue & Sales Performance
- →Connplex has an order book for about two years with plans to introduce 50-60 screens by FY26 year-end and another 60-75 screens by FY27 year-end.
- →The company aims to add approximately 60 to 70 screens in the next one and a half years, expecting operational royalty revenue to double as screens increase (e.g., 17 screens added in H1 FY26, targeting 41 in H2 FY26).
- →Revenue growth will be driven by an increase in operational screens as well as growth in core areas like ticketing, food & beverages (F&B), and advertising.
- →Expansion focus is on Tier 2 and Tier 3 cities where cinema is a primary entertainment source and competition is lower, providing strong growth potential.
- →Revenue recognition from new screens will align with construction completion and licensing; partial revenue from ready but non-operational screens is accounted.
- →Future shifts anticipated where recurring operational income (from royalties on ticket sales, F&B, and advertising) will grow alongside one-time construction income.
📈 Profitability & Margins
- →Connplex plans to add around 50-60 screens by the end of FY26 and another 60-75 screens by the end of FY27, indicating significant expansion in operational capacity.
- →Revenue is expected to grow with more screens becoming operational; operational royalty revenue is projected to roughly double in H2 FY26 compared to H1 FY26.
- →Both cinema construction income and operational income (ticketing, F&B, advertising) will increase as new screens come online.
- →EBITDA margins may vary 3-4% depending on the revenue mix but are expected to be sustainable given the asset-light model.
- →Operating cash flow is currently impacted due to expansion-phase working capital investments but is expected to improve in the coming periods.
- →Management is focused on long-term growth with recurring income from franchise fees, ticket sales, and ancillary revenue streams supporting future profit expansion.
- →No explicit EPS guidance was shared in the call, but the growth in revenues and profitability indicates positive future earnings trajectory.
🏗️ Capital Expenditure Plans
- →The company is actively expanding by adding new cinema screens, with plans to introduce around 50-60 screens by the end of FY26 and another 60-75 screens by FY27.
- →IPO funds amounting to around INR 24 crores have been raised mainly for purchasing LEDs, projectors, and other technological assets; approximately INR 1.40 crores utilized so far, with the bulk planned for H2 FY26 in line with cinema development.
- →Average cost of a projector is around INR 27-28 lakhs, with about 80-85 screens' worth of projectors funded by the IPO proceeds.
- →Centralized procurement of customized inventory (chairs, air conditioners, carpets, sound systems) is maintained to support ongoing expansion.
- →The company is considering introducing small gaming zones inside cinemas in the future where viable but currently focuses solely on cinemas.
💰 Fundraising & Capital Structure
- →There is no explicit mention on page 25 or surrounding pages of any current or planned new fundraising through debt or equity.
- →The company recently completed an IPO, with approximately INR 24 crores raised, primarily for purchasing LEDs and CapEx, of which about INR 23 crores remain unutilized as of the call.
- →The unutilized IPO funds are planned to be progressively deployed in line with cinema development and projector purchases.
- →No mention is made of additional fundraising plans beyond utilizing the IPO proceeds.
- →Debt levels are hinted at increasing due to fast cinema work completion and increasing debtors, but no direct fundraising through debt is stated.
📋 Order Book & Pipeline
- →The company has an order book for about the next two years.
- →Approximately 50 to 60 screens are planned to be introduced by the end of FY26.
- →An additional 60 to 75 screens are expected to be added by the end of FY27.
- →In the last month, agreements were signed for around 22 new screens.
- →For H2 FY26, the target is around 41 screens, with more than 16 screens in the licensing process.
- →About 18 screens are ready and can start operations immediately.
- →Some screens in Patna and Mundra are pending licenses and expected to become operational soon.
- →Expansion is ongoing, with rapid construction and licensing processes underway.
Key Metrics
Frequently Asked Questions
What were Connplex Cinemas Ltd Q2 FY26 results?
Connplex has an order book for about two years with plans to introduce 50-60 screens by FY26 year-end and another 60-75 screens by FY27 year-end. Connplex plans to add around 50-60 screens by the end of FY26 and another 60-75 screens by the end of FY27, indicating significant expansion in operational capacity.
What is Connplex Cinemas Ltd share price analysis?
Connplex Cinemas Ltd currently shows a neutral. The stock trades at a P/E of 15.1 with a market cap of ₹393 Cr. Investors should review the full earnings analysis for detailed insights.
Is Connplex Cinemas Ltd planning capital expenditure?
The company is actively expanding by adding new cinema screens, with plans to introduce around 50-60 screens by the end of FY26 and another 60-75 screens by FY27.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.