PVR INOX delivered a strong beat, with revenue up 12% YoY to INR 1,642cr, EBITDA nearly doubling to INR 230cr (~14% margin), and a return to profit (PAT INR 71cr vs. a loss of INR 34cr in Q1FY26). Footfalls grew 8% to 36.6mn, while ATP (+8%) and SPH (+9%) rose in tandem which is a sign of healthy pricing power alongside volume recovery, aided by premium formats (IMAX/4DX/ScreenX) and dynamic pricing. The standout is balance-sheet repair with a net cash of INR 80cr versus peak debt of INR 1,450cr, achieved via an assetlight/FOCO expansion model. Management trimmed FY27 capex...