Mumbai: UFO Moviez, 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 year ended March 31, 2018.
During the Quarter ended March 31, 2018, the company has reported Consolidated revenue grows 4.3% to Rs 1,620 (Q4FY17 – Rs 1,553) million. The EBITDA was higher by 16.1% to Rs 576 (Q4FY17 – Rs 496) million and its PBT increased 38.1% to Rs 410 (Q4FY17 – Rs 297) million and PAT was higher by 33.5% to Rs 259 (Q4FY17 – Rs 194) million.
Its Advertisement revenue grew by 73.1% to Rs 777 (Q4FY17 – Rs 449) million. Average advertisement minutes sold per show per screen grew to 7.39 minutes during Q4FY18 against 4.40 minutes in Q4FY17.
For the Year ended March 31, 2018, Consolidated revenues stood at Rs 5,970 (FY17 – Rs 6,007) million. EBITDA stood at Rs 1,729 (FY17 – Rs 1,869) million. PBT grew by 2.1% to Rs 984 (FY17 – Rs 963) million and PAT higher by 3.9% to Rs 629 (FY17 – Rs 605) million.
Advertisement revenue grew by 19.3% to Rs 2,136 (FY17 – Rs 1,790) million. Average advertisement minutes sold per show per screen grew to 5.19 (FY17 – 4.34) minutes during FY18.
“UFO ended fiscal 2018 on a strong note by delivering robust advertisement revenues,” said Sanjay Gaikwad, Founder and Managing Director. “Growing advertisement contribution to overall profitability minimized the impact of planned reduction in D-Cinema VPF revenue. Additionally, the Scheme of Arrangement and Amalgamation between UFO and Qube is progressing as per schedule and is currently awaiting requisite approvals from regulatory bodies. We are extremely excited about the future of the merged entity and the opportunities across in-cinema advertising. Also, the Board recommended an enhanced dividend of ₹12.5 per equity share in fiscal 2018. This marks the third consecutive dividend in line with UFO’s shareholder value creation philosophy. Going forward, we will continue to achieve our goals and are confident of delivering long term sustainable growth and shareholder value creation.”
The Board of Directors of the Company has recommended a Dividend of 125%, ₹12.5 per equity share on the face value of ₹10/- each for the financial year ended March 31, 2018. This Dividend including dividend distribution tax translates to 68% of the Company’s FY18 Consolidated Profit After Tax.