UFO Moviez India Limited, India’s largest digital cinema distribution network and in-cinema advertising platform in terms of the number of screens announced its financial results for the quarter and nine months ended December 31, 2018.
Financial Highlights of UFO Moviez:
Quarter ended December 31, 2018
Consolidated revenues increased by 10.3% to ₹1,547 (Q3FY18 – ₹1,402) million.
EBITDA increased by 10.7% to ₹406 (Q3FY18 – ₹367) million.
PBT increased by 28.5% to ₹230 (Q3FY18 – ₹179) million.
PAT increased by 21.9% to ₹146 (Q3FY18 – ₹120) million.
Advertisement revenue grew 26.6% to ₹626 (Q3FY18 – ₹494) million.
Average advertisement minutes sold per show per screen grew to 5.81 (Q3FY18 – 4.54) minutes.
Nine Months ended December 31, 2018
Consolidated revenues stood at ₹4,229 (9MFY18 – ₹4,349) million.
EBITDA stood at ₹1,027 (9MFY18 – ₹1,153) million.
PBT stood at ₹515 (9MFY18 – ₹574) million.
PAT stood at ₹330 (9MFY18 – ₹370) million.
Advertisement revenue grew by 15.3% to ₹1,568 (9MFY18 – ₹1,359) million.
Average advertisement minutes sold per show per screen grew to 5.12 (9MFY18 – 4.36) minutes.
Says Sanjay Gaikwad, Founder, and Managing Director:
“During the quarter, UFO Moviez delivered strong advertisement performance primarily driven by ~40% growth in Corporate advertisement revenue,”
“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.”