ITV

Tag: Sanjay Gaikwad

  • Old guard goes at UFO Moviez; new blood elevated

    Old guard goes at UFO Moviez; new blood elevated

    MUMBAI: Come 1 January 2025, and a new senior management team will be in place at the digital cinema solutions leader UFO Moviez. The Sanjay Gaikwad-headed firm  has gone in for a total organisational restructuring by promoting some executives, giving them additional responsibilities, and superannuating others. 

    These executives had been given extensions in their employment to help the company tide over the dire consequences that the cinema industry and UFO Moviez faced following covid.

    Among those who have been elevated and will be re-designated by 1 January 2025  figure: 

    * Group enterprises sales head & chief marketing officer Siddharth Bhardwaj has been moved up to  CEO digital cinema.
    * Chief operating officer – India operations Pradeep Shetty  has been promoted to deputy  chief executive officer -digital cinema.
    * Senior vice-president – engineering Kaushik Mamania   has been moved up to  chief  information officer.  
    *  Senior vice-president – technical operations Nitin Nohani has been raised to chief technical officer. 
         
    Amongst the executives who are being superannuated by 31 December figure: chief purchase & logistics Kamalaksha Bhoja Suvarna; CEO – distribution  and film services A Pankaj Jaysinh; chief technology officer Sanjay Chavan; CEO rural exhibition Shirish Deshpande; chief strategy officer Sushil Agrawal and CEO—special projects Vishnu Patel.

    UFO Moviez said that the  superannuated executives would be  moved to advisory roles for a certain period to help in the transition. 

    The company made these announcements in a regulatory filing with the BSE last weekend. 

  • UFO Moviez expects the company will return to pre-pandemic level: Sanjay Gaikwad

    UFO Moviez expects the company will return to pre-pandemic level: Sanjay Gaikwad

    Mumbai: As long as there are no new pandemic-induced restrictions that would affect business operations, UFO Moviez founder and managing director Sanjau Gaikwad is optimistic that the company will soon return to the pre-pandemic level.

    Addressing shareholders in the annual report, he said that during the year, as a proactive measure amidst the second wave, the company raised equity funds to the tune of Rs 96.82 crore. It was primarily done to address any unforeseen events due to any further Covid-induced restrictions and to help the core business meet its immediate capital requirements as soon as the movies begin to release following the pandemic. The fundraising, he explains, has given the company a strong financial foothold. “We will prudently utilise these funds for business expansion and any short-term capital requirements until our core business regains normalcy.”

    He noted that the severity of the Covid-19 pandemic and ensuing restrictions continued to affect the business in FY22 as well. This, he explains, was due to the absence of big-budget releases during the first seven months of FY22, which was led by the closure of cinemas in most of the States due to the second wave of Covid.

    “The release of big-budget movies began only in November ’21 and continued thereafter. However, the widespread of the third wave of Covid-19 at the very beginning of January ’22 and subsequent restrictions led to another two months’ impact on the business operations as movies only started to be released again towards the end of February’22. As a result of the two lockdowns due to the second and third waves of Covid-19, the overall recovery in the business has remained subdued in FY22. However, as a result of a steady flow of releases in recent months and the strong support of movie-goers, theatrical revenues have rebounded swiftly while advertising revenue is gradually improving. This is expected to continue in FY23 subject to no further pandemic-induced restrictions.”

    The company’s AGM will take place on 23 August 2022.

  • UFO Moviez reinforces cinema advertising offering

    UFO Moviez reinforces cinema advertising offering

    Mumbai: UFO Moviez, India’s largest digital cinema distribution network and in-cinema advertising platform with 3600+ screens across 1200+ cities, has unveiled a new brand identity, which is intended to explicitly represent the company’s core business offering i.e. cinema advertising and add value to its stakeholders.

    With this, UFO Moviez is realigning its network, into two powerful channels – PRIME SCREENS (multiplexes and Hollywood release centres) and POPULAR SCREENS (standalone screens and mass appeal screens). With the new channels, insightful business intelligence and a new rate card, advertisers can carry out large screen high impact advertising that can be customized to deliver geo-targeted advertising with zero spill over. The vast network of UFO screens is the largest urban heartland network with 1800+ screens in the PRIME channel and 1800+ screens in the POPULAR channel. UFO – Cine Media Network, is also the leader in metros and Tier 1 cities with over 900+ screens and has virtually no competition in Tier II and III markets.

    The new branding effort features the launch of a new & vibrant logo, contemporary montage and an updated company website. The logo brings in modern hues along with establishing the, ‘O’ of UFO which is a mobius strip to become its symbolic identity in the future. Along with this, the new logo also features a new tagline ‘Cine Media Network’, to appropriate and re-inforce its leadership position in the in-cinema media space.sanj

    The revamped company website has been designed to be a one-stop destination to advertisers, exhibitors, producers and distributors for all their cinema delivery and advertising requirements. Cinema screens are the one place left, where people still look forward to watching advertisements, it is considered as part of the cinema viewing experience. With affinity to the youth and premium audience, UFO Moviez, helps brands reach and impact a receptive and open-minded audience with ‘Skip’ less advertising.

    In mid 2000s, UFO Moviez optimized the potential of Indian cinema with satellite-based technology that transformed Annual Jubilee into Friday box office collections, slow-chain release into First Day – First Show, one blockbuster after another. It has made cinema into an equal experience for the whole country, making it an instant success with the youth that is already teased with pre-release teasers and trailers. UFO’s innovation driven DNA, empowers it to use technology and business intelligence to minimize content irrelevance by providing relevant content, to the relevant people, at the relevant time! 

    Commenting on the new development,  UFO Moviez founder and managing director Sanjay Gaikwad says, “Indian Media & Entertainment industry is rapidly evolving, and hence we determined that our branding and identity needs to be more vibrant, contemporary, confident and more innovative. We are excited to unveil our new brand identity that is progressive, reflects our core business offering i.e. in-cinema advertising more prominently and is in-line with the industry’s evolution. Currently, we are India’s leading in-cinema advertising platform by scale and by reach, and the only network to reach the urban heartland audience with our robust network of 3600+ screens including 1800+ Prime screens, which include multiplexes, and release centers of Hollywood films, making UFO the leader in both Premium and Popular segments. As we continue to focus on growing our ad screen network, our new brand identity will help us to grow our ad revenues exponentially”.

  • UFO Moviez board recommends 125% dividend for fiscal 2018

    UFO Moviez board recommends 125% dividend for fiscal 2018

    BENGALURU: The board of directors of Indian digital cinema distribution network and in-cinema advertising platform UFO Moviez Ltd (UFO) has mooted a dividend of Rs 12.50 (125 per cent) per equity share of face value of Rs 10 each subject to shareholder approval for the year ended 31 March 2018 (FY 2018, year or fiscal under review). UFO says that this dividend including dividend distribution tax translates to 68 per cent of its FY 2018 consolidated PAT.

    UFO reported almost flat (up 0.8 per cent) consolidated PAT for FY 2018 at Rs 60.64 crore as compared to Rs 60.13 crore in the previous fiscal. Total comprehensive income or TCI for the fiscal under review increased 3.2 per cent to Rs 60.35 crore from Rs 58.50 crore in FY 2017. Simple EBITDA including other income for FY 2018 declined 7.5 per cent to Rs 172.93 crore (29 per cent of total revenue) from Rs 186.89 crore (31.1 per cent of total revenue) in the previous year.

    UFO’s operating revenue in the fiscal under review was almost flat (reduced 0.8 per cent) at Rs 594.03 crore as compared to Rs 598.95 crore in FY 2017. Total revenue declined 0.6 per cent in FY 2018 to Rs 596.96 crore from Rs 600.65 crore in FY 2017. In its earnings press release, UFO says that advertisement revenue grew by 19.3 per cent to Rs 213.6 crore (In FY 2017 it was Rs 179 crore) million. Average advertisement minutes sold per show per screen grew to 5.19 per cent (FY 2017 – 4.34) minutes during FY 2018.

    Total expenditure in FY 2018 increased 2.5 per cent to Rs 424.03 crore from Rs 413.76 crore in the previous year. Purchase of digitalcinema and lamps in the year under review was flat at Rs 67.56 crore as compared to R 67.57 crore in FY 2017. Ad revenue share expense in FY 2018 increased 26 per cent to Rs 65 crore from Rs 51.58 crore in the previous fiscal. Virtual print fees sharing expense in FY 2018 reduced 28 per cent to Rs 52.36 crore from Rs 72.72 crore in FY 2017. Other operating direct costs in FY 2018 increased 2.4 per cent to Rs 55.22 crore from Rs 53.40 crore in FY 2017. Employee benefit expense in FY 2018 increased 3.2 per cent to Rs 83.70 crore from Rs 81.12 crore in FY 2017. Other expenses in the year under review increased 11.3 per cent to Rs 94.81 crore from Rs 85.15 crore in FY 2017.

    Company speak:

    “UFO ended fiscal 2018 on a strong note by delivering robust advertisement revenues,” said UFO founder and managing director Sanjay Gaikwad. “Growing advertisement contribution to overall profitability minimised 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 Rs 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.”

  • Demonetisation, decline in govt ads impact UFO Q2 numbers

    Demonetisation, decline in govt ads impact UFO Q2 numbers

    BENGALURU: Indian digital cinema distribution network and in-cinema advertising platform UFO Moviez Ltd (UFO) reported a 12.8 percent year-on-year (y-o-y) decline in consolidated operating revenue for the quarter ended 30 September 2017 (Q2 FY 2017-18) as compared with the corresponding year ago quarter. The company’s consolidated operating revenue was Rs 1,388.8 million for the quarter as against Rs 1,591.8 million for Q2 FY 2016-17. Advertisement revenue stood at Rs 372 million (Rs 517 million in Q2 FY 2016-17). Average advertisement minutes sold per show per screen stood at 3.52 minutes during Q2 FY 2017-18 (5.15 minutes in Q2 FY 2016-17).

    The company’s consolidated net profit after tax declined by 47.8 percent y-o-y during the quarter under review to Rs 102 million from Rs 195.3 million. Consolidated operating profit excluding other income (EBIDTA) for Q2 FY 2017-18 fell by 31.8 percent y-o-y to Rs 374.7 million (26.1 percent margin) from Rs 549.7 million (34.5 percent margin).

    “The last twelve months have been extremely challenging for the entire industry on account of one-off events such as demonetisation and implementation of GST, especially for the media sector, which was most severely impacted,” said UFO’s founder and managing director Sanjay Gaikwad. “Q2 FY 2017-18 was one of our toughest quarters. Advertisement revenue declined sharply on a high base of last year combined with slowdown in government advertisement spends. Nevertheless, we continue to remain extremely positive about the long-term growth prospects of the advertising business. We are hopeful that demand will pick up in a few months. The temporary slowdown has failed to deter us and we remain focused on achieving our long-term strategic goals by entering into a scheme of arrangement and amalgamation with Qube Cinema Technologies Pvt Ltd. We believe that this consolidation will further strengthen our position to capitalise on growth opportunities as the economy revives and gains steam.”

    Total expenses in Q2 FY 2017-18 reduced by 2.7 percent y-o-y to Rs 1,014.1 million from Rs 1,042.1 million. Ad revenue share (expense) increased by 9.8 percent y-o-y to Rs 155.5 million from Rs 141.6 million. Visual print fees sharing expense decreased by 24.8 percent y-o-y to Rs 153.2 million from Rs 203.6 million. Other expenses increased by 0.9 percent y-o-y to Rs 212 million from Rs 201.2 million.

    The company’s expense towards purchase of digital cinema equipment and lamps in the current quarter reduced by 1.8 percent y-o-y to Rs 159.5 million as compared with Rs 162.4 million. Employees’ benefits expense during the quarter under review dipped by 2.6 percent y-o-y to Rs 194.7 million from Rs 199.9 million. Other operating direct costs rose by 8.7 percent y-o-y during the quarter under review to Rs 140.4 million from Rs 129.2 million.

  • UFO Moviez reports increase in numbers for first quarter

    UFO Moviez reports increase in numbers for first quarter

    BENGALURU: Indian digital cinema distribution network and in-cinema advertising platform, UFO Moviez Limited (UFO) reported a 24.2 percent year-over-year (y-o-y) growth in advertising revenue for the quarter ended 30 June 2016 (Q1-18, current quarter). The company reported advertising revenue of Rs 493 million in Q1-18 as compared to Rs 39.7 million in the corresponding quarter of the previous year (Q1-17). Average advertisement minutes sold per show per screen decreased to 4.65 minutes (Q1-17 – 3.97 minutes) during Q1-18.

    The company’s consolidated operating revenues improved by 13.9 percent y-o-y in Q1-18 to Rs 1536.8 million (Q1-17 – Rs 1,349.3 million). EBIDTA increased 10 percent y-o-y in the current quarter to Rs 408.6 million (26.5 percent of Total operating income) as compared to Rs 371.5 million (27.4 percent of Total operating income). Profit for the period almost doubled to Rs 140.2 million (9.1 percent of Total operating income) as compared to Rs 70.8 million (5.2 percent of Total operating income).

    Company speak

    “We delivered healthy operating and financial performance in the first quarter of fiscal 2018,”said UFO Moviez joint managing director Kapil Agarwal. “Our advertisement revenue grew by 24 percent despite continuing impact of demonetization and roll out of GST. Our hyperlocal advertisement business – UFO Framezcontinued to witnesshealthy traction.Caravan Talkies also witnessed marked improvement during the quarter.”

    “Our advertisement network surpassed 4,000 screens with over 1,000 multiplex screens. Our performance continues to reflect the strength of this in-cinema advertising platform,” said founder and managing director Sanjay Gaikwad. “We are also excited about the future of our strategic initiatives – Caravan Talkies and UFO Framez. Going forward, we believe that there is significant headroom for growth and we remain confident that our strategic focus, strong execution and proficient team will continue to drive market leading performance.”

    Let us look at the other numbers reported by UFO Moviez

    Total Expense in Q1-18 increased 15.6 percent y-o-y to Rs 1,135.4 million from Rs 982.4 million in Q1-17. Ad revenue share (expense) in Q1-18 increased 24.9 percent y-o-y to Rs 151 million from Rs 120.9 million in the corresponding quarter of the previous year. Visual Print Fees sharing expense in Q1-18 declined 24.5 percent y-o-y to Rs 138.8 million from Rs 183.9 million in Q1-17.

    The company’s expense towards purchase of digital cinema equipment and lamps in the current quarter increased 77.5 percent y-o-y to Rs 244.4 million as compared to Rs 137.7 million in Q1-17.

    ALSO READ :

    Kahaani 2 producer free to choose digital distributor, says CCI, K Sera Sera offers ‘no comment’

    Demonetisation: UFO Moviez reports slight fall in results for Q3-17

  • Q2-17: UFO Moviez ad revenue up 50 per cent

    Q2-17: UFO Moviez ad revenue up 50 per cent

    BENGALURU: Indian digital cinema distribution network and in-cinema advertising platform, UFO Moviez Limited (UFO) reported a 50.4 per cent year-over-year (y-o-y) growth in advertising revenue for the quarter ended 30 September 2016 (Q2-17, current quarter). The company reported advertising revenue of Rs 51.7 crore in Q2-17 as compared to Rs 34.4 crore in the corresponding quarter of the previous year (Q2-16). Average advertisement minutes sold per show per screen increased to 5.15 (Q2-16 – 3.85) minutes during Q2-17.

    Theatrical and In-Cinema advertisement (consolidated excluding new businesses) revenues grew by 6.9 per cent y-o-y to Rs 159.6 crore (Q2-16 – Rs 149.3 crore). Consolidated revenues improved by 7.4 per cent y-o-y in Q2-17 to Rs 159.21 crore (Q2-16 – Rs 148.25 crore).

    Let us look at the other numbers reported by UFO Moviez

    Total Expense in Q2-17 increased 1.8 per cent y-o-y to Rs 125.49 crore from Rs 123.22 crore in Q2-16. Ad revenue share (expense) in Q2-17 increased 25.3 per cent y-o-y to Rs 14.15 crore from Rs 11.29 crore in the corresponding quarter of the previous year. Visual Print sharing expense in Q2-17 increased 2.6 per cent y-o-y to Rs 20.51 crore from Rs 19.99 crore in Q2-16.

    The company’s expense towards purchase of digital cinema equipment and lamps in the current quarter declined 33.8 per cent y-o-y to Rs 16.25 crore as compared to Rs 24.55 crore in Q2-16.

    EBIDTA in the current quarter declined 20.3 per cent y-o-y to Rs 55.6 crore from Rs 46.3 crore in Q2-16. Profit after tax (PAT) in Q2-17 grew 23.1 per cent y-o-y to Rs 20.3 crore from Rs 16.5 crore in the corresponding year ago quarter.

    Company speak

    We are pleased to report record quarterly Advertisement revenues of 517 million,” said UFO Moviez joint managing director Kapil Agarwal. “Successful execution of our strategy has resulted in improvement in advertisement inventory utilization to 5.15 minutes per screen per show during the quarter. Theatrical business also performed quiet well on the back of increase in number of movies. The benefits from operating leverage were clearly visible which augmented the overall profitability profile of the Company.”

    “Looking ahead, we expect continued momentum in advertisement revenues on the back of a robust film slate,” said UFO Movies founder and managing director Sanjay Gaikwad. “Our focus on expanding and strengthening client relationships in both Enterprise and Government verticals are yielding results. The hyperlocal advertising initiative UFO Framez is also witnessing steady improvement, which we believe is a healthy sign. The outlook looks quiet robust and we are well underway in meeting our 30% full year advertisement growth target.”

    Note: The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR). The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:
    (a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.
    (b) 10,000 lakh = 100 crore = 1 arab = 1 billion.

  • Q2-17: UFO Moviez ad revenue up 50 per cent

    Q2-17: UFO Moviez ad revenue up 50 per cent

    BENGALURU: Indian digital cinema distribution network and in-cinema advertising platform, UFO Moviez Limited (UFO) reported a 50.4 per cent year-over-year (y-o-y) growth in advertising revenue for the quarter ended 30 September 2016 (Q2-17, current quarter). The company reported advertising revenue of Rs 51.7 crore in Q2-17 as compared to Rs 34.4 crore in the corresponding quarter of the previous year (Q2-16). Average advertisement minutes sold per show per screen increased to 5.15 (Q2-16 – 3.85) minutes during Q2-17.

    Theatrical and In-Cinema advertisement (consolidated excluding new businesses) revenues grew by 6.9 per cent y-o-y to Rs 159.6 crore (Q2-16 – Rs 149.3 crore). Consolidated revenues improved by 7.4 per cent y-o-y in Q2-17 to Rs 159.21 crore (Q2-16 – Rs 148.25 crore).

    Let us look at the other numbers reported by UFO Moviez

    Total Expense in Q2-17 increased 1.8 per cent y-o-y to Rs 125.49 crore from Rs 123.22 crore in Q2-16. Ad revenue share (expense) in Q2-17 increased 25.3 per cent y-o-y to Rs 14.15 crore from Rs 11.29 crore in the corresponding quarter of the previous year. Visual Print sharing expense in Q2-17 increased 2.6 per cent y-o-y to Rs 20.51 crore from Rs 19.99 crore in Q2-16.

    The company’s expense towards purchase of digital cinema equipment and lamps in the current quarter declined 33.8 per cent y-o-y to Rs 16.25 crore as compared to Rs 24.55 crore in Q2-16.

    EBIDTA in the current quarter declined 20.3 per cent y-o-y to Rs 55.6 crore from Rs 46.3 crore in Q2-16. Profit after tax (PAT) in Q2-17 grew 23.1 per cent y-o-y to Rs 20.3 crore from Rs 16.5 crore in the corresponding year ago quarter.

    Company speak

    We are pleased to report record quarterly Advertisement revenues of 517 million,” said UFO Moviez joint managing director Kapil Agarwal. “Successful execution of our strategy has resulted in improvement in advertisement inventory utilization to 5.15 minutes per screen per show during the quarter. Theatrical business also performed quiet well on the back of increase in number of movies. The benefits from operating leverage were clearly visible which augmented the overall profitability profile of the Company.”

    “Looking ahead, we expect continued momentum in advertisement revenues on the back of a robust film slate,” said UFO Movies founder and managing director Sanjay Gaikwad. “Our focus on expanding and strengthening client relationships in both Enterprise and Government verticals are yielding results. The hyperlocal advertising initiative UFO Framez is also witnessing steady improvement, which we believe is a healthy sign. The outlook looks quiet robust and we are well underway in meeting our 30% full year advertisement growth target.”

    Note: The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR). The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:
    (a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.
    (b) 10,000 lakh = 100 crore = 1 arab = 1 billion.

  • Q1-17: UFO Moviez ad revenue up 9.5 percent

    Q1-17: UFO Moviez ad revenue up 9.5 percent

    BENGALURU: Indian digital cinema distribution network and in-cinema advertising platform, UFO Moviez Limited (UFO) reported a 9.5 percent year-over-year (y-o-y) growth in advertising revenue for the quarter ended 30 June 2016 (Q1-17, current quarter). The company reported advertising revenue of Rs 39.7 crore in Q1-17 as compared to Rs 36.4 crore in the corresponding quarter of the previous year (Q1-16). Average advertisement minutes sold per show per screen increased to 3.97 (Q1-16 – 3.81) minutes during Q1-17.

    Theatrical and In-Cinema advertisement (consolidated excluding new businesses) revenues grew by 3.2 percent y-o-y to Rs 133.2 crore (Q1-16 – Rs 129 crore). Consolidated revenues improved by 3.1 percent y-o-y in Q1-17 to Rs 134.6 crore (Q1-16 – Rs 130.6 crore).

    Let us look at the other numbers reported by UFO Moviez

    Total Expense in Q1-17 increased 9.1 percent y-o-y to Rs 98.2 crore from Rs 90.0 crore in Q1-16. Ad revenue share (expense) in Q1-17 increased 5.4 percent y-o-y to Rs 12.08 crore from Rs 11.47 crore in the corresponding quarter of the previous year. Visual Print sharing expense in Q1-17 increased 19.8 percent y-o-y to Rs 19.44 crore from Rs 16.23 crore in Q1-16.

    The company’s expense towards purchase of digital cinema equipment and lamps in the current quarter declined 13.7 percent y-o-y to Rs 13.77 crore as compared to Rs 15.96 crore in Q1-16.

    EBIDTA in the current quarter declined 10.3 percent y-o-y to Rs 36.4 crore from Rs 40.6 crore in Q1-16. Profit after tax (PAT) in Q1-17 declined 30.1 percent y-o-y to Rs 9 crore from Rs 12.8 crore in the corresponding year ago quarter. PAT, profit from associates and minority interest in Q1-17 declined 25.9 percent y-o-y to Rs 9.8 crore from Rs 13.3 crore in Q1-16.

    Company speak

    “In the first quarter of fiscal 2017, UFO’s consolidated revenues stood at Rs1,346 million. Advertisement revenues grew by 9.5 percent over the higher base of last year, and our annual guidance of 30 percent growth remains unchanged,” said UFO Moviez joint managing director Kapil Agarwal. “Profitability was negatively impacted due to planned losses in Caravan Talkies. Efforts to improve Caravan revenues have further intensified, which we believe should lead to cash breakeven in H2FY17.”

    “We continue to make progress towards achieving our strategic objectives,” said UFO Movies founder and managing director Sanjay Gaikwad. “Our hyperlocal advertising initiative – UFO Framez has been well received by direct sales associates and advertisers and has started yielding results. To sustain the current direction, we continue to appoint dynamic and self-motivated direct sales associates across our advertisement network. Recently, we also announced the merger between UFO and its wholly owned subsidiaries, which on completion would result in significant synergies, cost saving and operating efficiencies.”

    Note: The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR). The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:

    (a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.

    (b) 10,000 lakh = 100 crore = 1 arab = 1 billion.

     

  • Q1-17: UFO Moviez ad revenue up 9.5 percent

    Q1-17: UFO Moviez ad revenue up 9.5 percent

    BENGALURU: Indian digital cinema distribution network and in-cinema advertising platform, UFO Moviez Limited (UFO) reported a 9.5 percent year-over-year (y-o-y) growth in advertising revenue for the quarter ended 30 June 2016 (Q1-17, current quarter). The company reported advertising revenue of Rs 39.7 crore in Q1-17 as compared to Rs 36.4 crore in the corresponding quarter of the previous year (Q1-16). Average advertisement minutes sold per show per screen increased to 3.97 (Q1-16 – 3.81) minutes during Q1-17.

    Theatrical and In-Cinema advertisement (consolidated excluding new businesses) revenues grew by 3.2 percent y-o-y to Rs 133.2 crore (Q1-16 – Rs 129 crore). Consolidated revenues improved by 3.1 percent y-o-y in Q1-17 to Rs 134.6 crore (Q1-16 – Rs 130.6 crore).

    Let us look at the other numbers reported by UFO Moviez

    Total Expense in Q1-17 increased 9.1 percent y-o-y to Rs 98.2 crore from Rs 90.0 crore in Q1-16. Ad revenue share (expense) in Q1-17 increased 5.4 percent y-o-y to Rs 12.08 crore from Rs 11.47 crore in the corresponding quarter of the previous year. Visual Print sharing expense in Q1-17 increased 19.8 percent y-o-y to Rs 19.44 crore from Rs 16.23 crore in Q1-16.

    The company’s expense towards purchase of digital cinema equipment and lamps in the current quarter declined 13.7 percent y-o-y to Rs 13.77 crore as compared to Rs 15.96 crore in Q1-16.

    EBIDTA in the current quarter declined 10.3 percent y-o-y to Rs 36.4 crore from Rs 40.6 crore in Q1-16. Profit after tax (PAT) in Q1-17 declined 30.1 percent y-o-y to Rs 9 crore from Rs 12.8 crore in the corresponding year ago quarter. PAT, profit from associates and minority interest in Q1-17 declined 25.9 percent y-o-y to Rs 9.8 crore from Rs 13.3 crore in Q1-16.

    Company speak

    “In the first quarter of fiscal 2017, UFO’s consolidated revenues stood at Rs1,346 million. Advertisement revenues grew by 9.5 percent over the higher base of last year, and our annual guidance of 30 percent growth remains unchanged,” said UFO Moviez joint managing director Kapil Agarwal. “Profitability was negatively impacted due to planned losses in Caravan Talkies. Efforts to improve Caravan revenues have further intensified, which we believe should lead to cash breakeven in H2FY17.”

    “We continue to make progress towards achieving our strategic objectives,” said UFO Movies founder and managing director Sanjay Gaikwad. “Our hyperlocal advertising initiative – UFO Framez has been well received by direct sales associates and advertisers and has started yielding results. To sustain the current direction, we continue to appoint dynamic and self-motivated direct sales associates across our advertisement network. Recently, we also announced the merger between UFO and its wholly owned subsidiaries, which on completion would result in significant synergies, cost saving and operating efficiencies.”

    Note: The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR). The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:

    (a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.

    (b) 10,000 lakh = 100 crore = 1 arab = 1 billion.