Mumbai: UFO Moviez, an in-cinema advertising platform, with 3,859 screens under the Prime and Popular channels across 1,410 cities abd towns, today, announced its financial results for the quarter and financial year ended 31 March, 2024.
Financial Highlights:
Year ended March 31, 2024
Consolidated Revenues grew by 3% from Rs. 3,978 million in FY23 to Rs. 4,101 million in FY24,
EBITDA grew by 100% from Rs. 339 million in FY23 to Rs. 676 million versus in FY24,
EBITDA margin improved by 796 bps from 8.52% in FY23 to 16.48% in FY24,
PBT improved from negative Rs. 145 million in FY23 to Rs. 227 mn in FY24,
PAT grew to Rs, 164 mn versus negative Rs. 132 million in FY23.
Quarter ended March 31, 2024
During the quarter, the business remained steady despite the mixed box office performance of movie releases. Theatrical and Ad revenue saw a notable growth on a Y-o-Y basis. Additionally, the screen network has shown substantial improvement, surpassing 3,800 screens after over five years.
Consolidated Revenues grew by 35% from Rs. 884 million in Q4FY23 to Rs. 1,192 million in Q4FY24,
EBITDA grew by 32% from Rs. 115 million in Q4FY23 to Rs. 152 million in Q4FY24,
PBT improved from negative Rs. 7 million in Q4FY23 to Rs. 77 million in Q4FY24,
PAT grew to Rs. 60 million versus negative of Rs. 12 million in Q4FY23.
“FY24 saw a diverse range of film releases across languages and genres, from big-budget spectacles to regional gems and sleeper hits. The industry’s resilience in meeting changing consumer demands was evident. Despite significant content volatility this year, the overall business saw improvement, marking FY24 the first profitable financial year since FY20. The cost optimization measures along with the steady theatrical revenue, improved advertising revenues and expanded advertisement screen network has helped to strengthen the financial position and market presence. As we move forward, with the upcoming movies line-up, we are optimistic to continue the positive momentum,” said Rajesh Mishra, executive director and group CEO.
