Mumbai: Digital cinema distribution network and in-cinema advertising platform, UFO Moviez has announced its financial results for the quarter and nine months ended December 31, 2018.
During the Quarter ended December 31, 2018 the Consolidated revenues increased by10.3% to Rs 1,547(Q3FY18 –Rs1,402) million and its EBITDA increasedby 10.7% toRs406 (Q3FY18 – Rs367) million. The PBT of the company increased by 28.5% to Rs230 (Q3FY18 – Rs 179) million and PAT increased by 21.9% toRs146(Q3FY18 – Rs120) million.
Advertisement revenue grew 26.6% to Rs626 (Q3FY18 – Rs494) million.The Average advertisement minutes sold per show per screen grew to5.81(Q3FY18–4.54) minutes.
“During the quarter, UFO Moviez delivered strong advertisement performance primarily driven by~40% growth in Corporate advertisement revenue,”said Sanjay Gaikwad, Founder and Managing Director. “Caravan Talkies also continued to gain momentum led by higher realizations and increased van utilization. Also, we continue to generate healthy cash flows as the capex intensity remains low.Going forward, we believe that we will continue to deliver healthy operating and financial performance, steady cash flows and as a result higher returns and better value to our shareholders in the long term.”
During the Nine Months ended December 31, 2018, UFO Moviez consolidated revenues stood at Rs 4,229 (9MFY18 – Rs 4,349) million. EBITDA stood at Rs 1,027 (9MFY18 – Rs 1,153) million, PBT stood at Rs 515 (9MFY18 – Rs 574) million and PAT stood at ₹330 (9MFY18 – Rs 370) million.
Advertisement revenue grew by 15.3% to Rs 1,568 (9MFY18 – Rs 1,359) million. Average advertisement minutes sold per show per screen grew to 5.12 (9MFY18 – 4.36) minutes.