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PVR INOX delivered a strong Q1 FY27, with revenue up 12% YoY to INR1,642 Cr, EBITDA nearly doubling to INR230 Cr (14% margin), and PAT reaching INR71 Cr from a prior-year loss. A key highlight is achieving a net cash position of INR80 Cr. Guest footfalls increased 8%, with average ticket price (ATP) up 8% to INR273 and spend per head (SPH) rising 9% to INR161. Management anticipates opening 90-100 new screens this fiscal, predominantly via asset-light models, with FY27 capex now projected at INR350 Cr. A robust film pipeline and strategic expansion into out-of-home entertainment like live sports underpin management's confident outlook for sustained growth and improved returns.