Mumbai: UFO Moviez India Limited, India’s largest digital cinema distribution network and in-cinema advertising platform in terms of number of screens, announced its financial results for the quarter ended 30th June 2015.
The Company’s revenue rose by 23.3% to Rs.1,306 million in Q1FY16 as compared to Rs.1,059 million in Q1FY15. PBT for the quarter stood at Rs.183 million, up 43.8% compared to Rs.127 million in the corresponding quarter last year. The Company’s PAT was up 65.5% to Rs.133 million in Q1FY16 compared to Rs.80 million, in the year-ago quarter.
During the quarter, the average number of advertisement minutes sold per show per screen increased to 3.81 from 2.13 in Q1FY15. As a result, advertisement revenue grew 87.7% to Rs. 363 million in Q1FY16 from Rs.193 million in Q1FY15. The advertisement revenue per screen (average) stood at Rs.93,098 in Q1FY16 compared to Rs.53,085 in Q1FY15.
“This was a strong start to the fiscal year,” said Sanjay Gaikwad, Founder and Managing Director. “Universal Studios – one of the top 6 Hollywood studios went beyond D-Cinema and released Fast and Furious 7 and Jurassic World on our E-Cinema network. These are the only Hollywood movies to enter the 100 Crore Club in India. This adds confidence and we hope other studios will follow suit and acknowledge our technology and security offering.”
“Our strategy to leverage on our existing infrastructure is generating results,” said Kapil Agarwal, Joint Managing Director. “We recorded strong growth in advertisement revenues during the quarter and marked improvement in the number of advertisement minutes sold per screen per show. Further, we expect that, advertisements will continue to drive the Company’s overall growth going forward.”
UFO Moviez operates India’s largest satellite-based, digital cinema distribution network using its UFO-M4 platform, as well as India’s largest D-Cinema network.
As on 30th June 2015, UFO’s global network, along with subsidiaries and associates, spans 6,585 screens worldwide, including 4,965 screens across India and 1,620 screens across the Middle East, Israel, Mexico and the USA.