Mumbai: UFO Moviez India Limited, India’s largest digital cinema distribution network and in-cinema advertising platform in terms of number of screens, today, announced its financial results for the quarter and nine months ended 31st December 2015.
The Core Business, comprising of the theatrical and in-cinema advertising reported healthy quarterly performance. Core Business revenues improved by 15.8% to Rs. 1,437 (Q3FY15 – ₹1,242) million. EBITDA grew 8.7% to ₹476 (Q3FY15 – ₹438) million, PBT increased by 33.5% to ₹274 (Q3FY15 – ₹205) million and PAT was higher 24.2% to ₹197 (Q3FY15 – ₹159) million.
Consolidated revenues improved by 17.0% to ₹1,452 (Q3FY15 – ₹1,242) million. EBITDA grew 2.5% to ₹449 (Q3FY15 – ₹438) million. PBT increased by 15.7% to ₹238 (Q3FY15 – ₹205) million. PAT grew 1.1% to ₹160 (Q3FY15 – ₹159) million.
Advertisement revenue grew 14.8% to ₹406 (Q3FY15 – ₹353) million. Average advertisement minutes sold per show per screen increased to 4.36 (Q3FY15 – 3.97) minutes during the quarter.
Announcement of soft launch of UFO Framez – Retail Advertising in Cinemas:
UFO Framez will be an extension to the existing UFO Moviez in-cinema advertising. It will enable local businesses to reach out to their audience more effectively and economically. Retail advertisers will be able to create, personalize and launch campaigns on local movie screens.
UFO Framez website will be a one-stop cloud-based advertising technology platform that will enable Direct Sales Associates (DSA’s) to setup an advertising campaign instantly and personalize it with the user-friendly interface guiding at every step and is designed to meet all the essential demands of advertisers such as screen inventory management and campaign management.
“In the third quarter of fiscal 2016, UFO continued to deliver healthy growth in core business revenues and profits,” said Sanjay Gaikwad, Founder and Managing Director. “Theatrical revenues sustained healthy momentum led by rate hike in H1FY16 and wider movie releases during the festival season. In-cinema advertising continued to deliver healthy performance, driven by volume-led sales growth. We launched UFO Framez today by opening registration for DSA’s across India. The excitement for UFO Framez is incredible and we believe that in-cinema advertising will get impetus from the retail advertisement opportunity.”
“We made substantial progress during the quarter operationally as well as strategically,” said Kapil Agarwal, Joint Managing Director. “Our focus on leveraging on our existing platform continued to deliver positive results. Simultaneously, we continued to expand our synergistic business Caravan Talkies. We added 67 new vans during the period, expanding our network through 91 districts. This business is expected to cash breakeven during the second half of fiscal 2017. Overall, we aim to build momentum in both core and new businesses and are excited about the future growth prospects of UFO Moviez.”