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Tag: UFO Framez

  • 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.

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  • Q3-2016: UFO Moviez revenue up 16.5 percent, EBIDTA up 1.1 percent

    Q3-2016: UFO Moviez revenue up 16.5 percent, EBIDTA up 1.1 percent

    BENGALURU:  Indian digital cinema distribution network and in-cinema advertising platform, UFO Moviez Limited (UFO) reported a 16.5 percent YoY growth in consolidated income from operations (TIO) for the quarter ended December 31, 2015 (Q3-2016, current quarter) at Rs 144.49 crore as compared to Rs 124.05 crore, but declined 2.5 percent as compared to Rs 148.25 crore.  The company reported 1.1 percent higher YOY operating profit or EBIDTA for the current quarter at Rs 44.15 crore (30.6 percent margin) as compared to Rs 43.67 crore (35.2 percent margin) but declined 1.1 percent as compared to Rs 44.66 crore (30.1 percent margin).

     

    Note: 100,00,000 = 100 lakh = 10 million = 1 crore.

     

    The company’s PAT in Q3-2016 increased 1.1 percent YoY to Rs 16.03 crore (11.1 percent margin) as compared to Rs 15.85 crore (12.8 percent margin) and declined 2.6 percent QoQ as compared to Rs 16.46 crore (11.1 percent margin).

     

    “In the third quarter of fiscal 2016, UFO continued to deliver healthy growth in core business revenues and profits,” said UFO founder and managing director Sanjay Gaikwad, “Theatrical revenues sustained healthy momentum led by rate hike in H1FY16 and wider movie releases during the festival season. In-cinema advertising continued to deliver healthy performance, driven by volume-led sales growth. We launched UFO Framez today by opening registration for DSA’s across India. The excitement for UFO Framez is incredible and we believe that in-cinema advertising will get impetus from the retail advertisement opportunity.”

     

    “We made substantial progress during the quarter operationally as well as strategically,” said UFO joint managing director Kapil Agarwal. “Our focus on leveraging on our existing platform continued to deliver positive results. Simultaneously, we continued to expand our synergistic business Caravan Talkies. We added 67 new vans during the period, expanding our network through 91 districts. This business is expected to cash breakeven during the second half of fiscal 2017. Overall, we aim to build momentum in both core and new businesses and are excited about the future growth prospects of

    UFO Moviez.”

     

    Let us look at the other expenses reported by the company.

     

    Total Expenses in Q3-2016 at Rs 119.62 crore (82.8 percent of TIO) increased 19.9 percent YoY as compared to Rs 99.73 crore (80.4 percent of TIO) and was 2.9 percent lower QoQ as compared to Rs 123.22 crore (83.1 percent of TIO).

     

    The company’s expense towards purchase of digital cinema equipment and lamps in the current quarter more than doubled (2.35 times) YoY to Rs 18.21 crore (12.6 percent of TIO) as compared to Rs 7.74 crore (6.2 percent of TIO), but reduced 25.8 percent as compared to Rs 24.55 crore (16.6 percent of TIO).

     

    The company paid 13.3 higher amount towards advertisement revenue share in Q3-2016 at Rs 11.65 crore (8.1 percent of TIO) as compared to Rs 10.28 core (8.3 percent of TIO) in the corresponding year ago quarter and was 3.2 percent more QoQ than the Rs 11.29 crore (7.6 percent of TIO) .

     

    Further, the company paid 6.7 percent YoY more towards VPF share at Rs 18.18 crore (12.6 percent of TIO) as compare to Rs 17.04 crore (13.7 percent of TIO), but declined 9.1 percent as compared to Rs 19.99 crore (13.5 percent of TIO). 

  • Q3-2016: UFO Moviez revenue up 16.5 percent, EBIDTA up 1.1 percent

    Q3-2016: UFO Moviez revenue up 16.5 percent, EBIDTA up 1.1 percent

    BENGALURU:  Indian digital cinema distribution network and in-cinema advertising platform, UFO Moviez Limited (UFO) reported a 16.5 percent YoY growth in consolidated income from operations (TIO) for the quarter ended December 31, 2015 (Q3-2016, current quarter) at Rs 144.49 crore as compared to Rs 124.05 crore, but declined 2.5 percent as compared to Rs 148.25 crore.  The company reported 1.1 percent higher YOY operating profit or EBIDTA for the current quarter at Rs 44.15 crore (30.6 percent margin) as compared to Rs 43.67 crore (35.2 percent margin) but declined 1.1 percent as compared to Rs 44.66 crore (30.1 percent margin).

     

    Note: 100,00,000 = 100 lakh = 10 million = 1 crore.

     

    The company’s PAT in Q3-2016 increased 1.1 percent YoY to Rs 16.03 crore (11.1 percent margin) as compared to Rs 15.85 crore (12.8 percent margin) and declined 2.6 percent QoQ as compared to Rs 16.46 crore (11.1 percent margin).

     

    “In the third quarter of fiscal 2016, UFO continued to deliver healthy growth in core business revenues and profits,” said UFO founder and managing director Sanjay Gaikwad, “Theatrical revenues sustained healthy momentum led by rate hike in H1FY16 and wider movie releases during the festival season. In-cinema advertising continued to deliver healthy performance, driven by volume-led sales growth. We launched UFO Framez today by opening registration for DSA’s across India. The excitement for UFO Framez is incredible and we believe that in-cinema advertising will get impetus from the retail advertisement opportunity.”

     

    “We made substantial progress during the quarter operationally as well as strategically,” said UFO joint managing director Kapil Agarwal. “Our focus on leveraging on our existing platform continued to deliver positive results. Simultaneously, we continued to expand our synergistic business Caravan Talkies. We added 67 new vans during the period, expanding our network through 91 districts. This business is expected to cash breakeven during the second half of fiscal 2017. Overall, we aim to build momentum in both core and new businesses and are excited about the future growth prospects of

    UFO Moviez.”

     

    Let us look at the other expenses reported by the company.

     

    Total Expenses in Q3-2016 at Rs 119.62 crore (82.8 percent of TIO) increased 19.9 percent YoY as compared to Rs 99.73 crore (80.4 percent of TIO) and was 2.9 percent lower QoQ as compared to Rs 123.22 crore (83.1 percent of TIO).

     

    The company’s expense towards purchase of digital cinema equipment and lamps in the current quarter more than doubled (2.35 times) YoY to Rs 18.21 crore (12.6 percent of TIO) as compared to Rs 7.74 crore (6.2 percent of TIO), but reduced 25.8 percent as compared to Rs 24.55 crore (16.6 percent of TIO).

     

    The company paid 13.3 higher amount towards advertisement revenue share in Q3-2016 at Rs 11.65 crore (8.1 percent of TIO) as compared to Rs 10.28 core (8.3 percent of TIO) in the corresponding year ago quarter and was 3.2 percent more QoQ than the Rs 11.29 crore (7.6 percent of TIO) .

     

    Further, the company paid 6.7 percent YoY more towards VPF share at Rs 18.18 crore (12.6 percent of TIO) as compare to Rs 17.04 crore (13.7 percent of TIO), but declined 9.1 percent as compared to Rs 19.99 crore (13.5 percent of TIO).