Top Story

Home >> Digital >> Article Presented By, Be-sure-of-what-the-platform-can-deliver:-Aditya-Awasthee,The-more-digital-experiences-you-build,-the-more-success-you-will-see:-Delna-Avari,Earned-media-will-drive-paid-and-owned-media:-Jeffrey-Dachis,-Razorfish,5-best-practices-of-social-media-marketing:-Zoe-Cairns,Tech-Manch-2017:-Experts-discuss-the-art-and-science-of-marketing-,Tech-Manch-2017:-Industry-leaders-discuss-mobile-branding-beyond-Google-&-Facebook,Titan-Watches-CEO-will-address-the-keynote-speech-at-Techमंच-2018,LG-Electronics-India-CMO-to-talk-all-things-digital-at-Techमंच,Lloyd-Mathias,-Former-APAC-Marketing-Head---HP,-to-speak-at-Techमंच-2018,

UFO Moviez Q3FY17 results out, ad revenue grows 5.2 per cent Y-o-Y to Rs 427 million

04-February-2017
Font Size   16
UFO Moviez Q3FY17 results out, ad revenue grows 5.2 per cent Y-o-Y to Rs 427 million

UFO Moviez, one of India’s largest digital cinema distribution networks and in-cinema advertising platforms in terms of number of screens, has announced its financial results for the quarter and nine months ended December 31, 2016.

In the quarter ended December 31, 2016, UFO Moviez’s consolidated revenues grew by 2.5 per cent to Rs 1,488 (Q3FY16 – Rs 1,452) million. EBITDA stood at Rs 434 (Q3FY16 – Rs 449) million, PBT at Rs 209 (Q3FY16 – Rs 238) million and PAT at Rs 136 (Q3FY16 – Rs 160) million.          

Excluding new businesses (VDSPL), the consolidated Theatrical and In-Cinema Advertisement business delivered revenue growth of 2.5% to ?1,473 (Q3FY16 - ?1,437) million, EBITDA stood at ?453 (Q3FY16 - ?476) million, PBT stood at ?252 (Q3FY16 - ?274) million and PAT stood at ?179 (Q3FY16 - ?197) million.

Advertisements revenues grew 5.2% to ?427 (Q3FY16 - ?406) million. Average advertisement minutes sold per show per screen stood at 3.88 (Q3FY16 - 4.36) minutes during the quarter.

During the nine months ended December 31, 2016, consolidated revenues improved by 4.2% to ?4,433 (9MFY16 - ?4,254) million. EBITDA grew 2.8% to ?1,354 (9MFY16 - ?1,317) million, PBT increased by 4.6% to ?689 (9MFY16 - ?659) million and PAT stood at ?437 (9MFY16 - ?457) million.

Excluding new businesses (VDSPL), the consolidated Theatrical and In-Cinema Advertisement business delivered revenue growth of 4.3% to ?4,401 (9MFY16 - ?4,220) million, EBITDA grew by 4.7% to ?1,423 (9MFY16 - ?1,359) million, PBT grew 14.0% to ?823 (9MFY16 - ?722) million and PAT was higher 9.7% to ?571 (9MFY16 - ?520) million.

Advertisement revenue grew 20.5% to ?1,341 (9MFY16 - ?1,112) million. Average advertisement minutes sold per show per screen increased to 4.32 (9MFY16 – 3.97) minutes during the nine months ended December 31, 2016.

“We believe that the decision to demonetise high denomination currency notes is a positive step to bolster the economy in the long run,” said Sanjay Gaikwad, Founder and Managing Director of UFO Moviez. “In the short-term, the media and entertainment sector is one of the most adversely impacted sectors. In this challenging environment, UFO demonstrated resilience and delivered growth in advertisement revenues. While demonetisation has slowed down growth in the second half of fiscal 2017 making it difficult to achieve our advertisement growth target, we are extremely confident of delivering on our long term growth plans,” he added.

“This is a positive set of results, both operationally and financially given the difficult market conditions, highlighting the strength of our business model,” said Kapil Agarwal, Joint Managing Director of UFO Moviez. “Advertisement revenues achieved mid-single digit growth despite extreme pressure across sectors and dented advertising spends. We believe that the impact is transitory and the early signs of recovery are already visible. Going forward, re-monetisation along with the implementation of GST are expected to drive overall economic growth and UFO is well positioned to benefit from higher advertising spending by the Government, Corporates and Hyperlocal advertisers,” he added.

Tags UFO Moviez Digital Cinema In-Cinema Advertising Sanjay Gaikwad Kapil Agarwal

Varun Raina, Marketing Manager, Airbnb India speaks to exchange4media about the successful #LiveThere campaign and how Bollywood helps them connect with its young consumer

Tim Castree is all praises for his team in India and trusts it to be a result of “an excellent execution of agency’s global strategy” headed by Kartik Sharma

Siddharth Dabhade says Criteo’s technology allows brands to engage with shoppers, create relevant experience on retail apps, thereby driving sales and profits

Shantanu Gangane says OTT platform Viu plans around 20+ originals and is all set to enter the Tamil market with a mix of syndicated and original content

right
left
OFF THE CUFF HAS JOURNALIST ARUN SHOURIE IN CONVERSATION WITH SHEKHAR GUPTA IN MUMBAI IAA HOSTS FIRST INDIAA REGIONAL AWARDS (TELUGU) IN HYDERABAD BREAK THE CEILING TOUCH THE SKY 2018 SEES OVERWHELMING INDUSTRY PARTICIPATION 10TH EDITION OF ABC EUREKA AWARDS IN MUMBAI CELEBRATES WORK OF PARTNER AGENCIES EMINENT JURY PICKS LOUDEST’S 100 MOST POWERFUL INDIAN MUSIC BUSINESS LEADERS MODE LOFT BY SABGROUP LAUNCHES SIGNATURE MENSWEAR POWER DRESSING CLOTHING LINE TOP MARKETERS DISCUSS ART AND SCIENCE OF EFFECTIVE LISTENING @PITCH CMO SUMMIT 2018, DELHI THIRD SEASON OF ‘INDIA’S TOP DIGITAL PLANNERS’ RECOGNIZES EXCELLENCE IN THE DIGITAL INDUSTRY WOMEN ECONOMIC FORUM 2018 SEES DISTINGUISHED GLOBAL PERSONALITIES IN ATTENDANCE PEPPER CREATIVE AWARDS 2018 RECOGNIZE THE BEST IN ADVERTISING IN SOUTH INDIA RADIO CITY’S POWER OF RADIO MEET HOSTS TOP ADVERTISING INDUSTRY LEADERS TOP INDUSTRY PERSONALITIES ATTEND ZOOM-MYNTRA EVENING TO CELEBRATE THEIR PARTNERSHIP LEADING MARKETERS, EXPERTS SHARE INSIGHTS ON DIGITAL TRANSFORMATION @ADOBE SYMPOSIUM IN MUMBAI NICKELODEON TRADE PARTY SEES MARKETING INDUSTRY LEADERS AND THEIR FAMILIES IN ATTENDANCE GOLDEN MIKES RADIO ADVERTISING AWARDS 2018 RECOGNIZE INDUSTRY’S MOST DESERVING ACHIEVERS AIMA MANAGING INDIA AWARDS HONOUR THE BEST IN THE INDUSTRY BW BUSINESSWORLD’S GREAT INDIA DEBATE BRINGS TOGETHER INTELLECTUALS ACROSS INDUSTRY SECTORS BW BUSINESSWORLD SMART CITIES CONCLAVE PATNA 2018 SEES EMINENT INDUSTRY LEADERS IN ATTENDANCE EMINENT JURY PICKS WINNERS OF GOLDEN MIKES RADIO ADVERTISING AWARDS MADDYS 2018 SEE TOP ADVERTISING AND MARKETING INDUSTRY LEADERS IN ATTENDANCE

Bharti-Airtel issued a statement claiming the apex court dismissed Jio’s petition granting Airtel a partial reprieve over its IPL advertising campaign

Hareesh Tibrewala explains how Block Chain technology can help monetize your digital footprint, as per your own rules, instead of a 3rd party doing it

Kavinder Singh talks about the brand’s advertising and marketing strategy and tells us how it has has played an integral role in the rise in its standalone net profit to Rs 38.55 crore