ITV

Tag: UFO Moviez Limited

  • 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

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

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

    BENGALURU: Indian digital cinema distribution network and in-cinema advertising platform, UFO Moviez Limited (UFO) reported a 5.2 percent year-over-year (y-o-y) growth in advertising revenue for the quarter ended 31 December 2016 (Q3-17, current quarter). The company reported advertising revenue of Rs 42.7 crore in Q3-17 as compared to Rs 40.6 crore in the corresponding quarter of the previous year (Q3-16). Average advertisement minutes sold per show per screen decreased to 3.88 minutes (Q3-16 – 4.36) minutes during Q3-17.

    Theatrical and In-Cinema advertisement (consolidated excluding new businesses) revenues grew by 2.5 percent y-o-y to Rs 147.3 crore (Q3-16 – Rs 143.7 crore). Consolidated revenues improved by 2.5 percent y-o-y in Q3-17 to Rs 148.8 crore (Q3-16 – Rs 145.2 crore).

    Indian digital cinema distribution network and in-cinema advertising platform, UFO Moviez Limited (UFO) had 2..7 percent year-over-year (y-o-y) decline in Earnings before interest depreciation and amortisation (EBIDTA, operating profit) for the quarter ended 31 December 2016 (Q3-17, current quarter) as compared to the corresponding year ago quarter. The company’s EBIDTA for Q3-17 was Rs 43.22 crore (34.6 percent of Total Income from Operations or TIO, margin), for Q3-16, it was Rs 44.42 crore (30.7 percent margin). EBIDTA including other income saw a 3.9 percent y-o-y fall in the current quarter to Rs 44.49 crore from Rs 46.30 crore

    Company speak on demonetisation

    “We believe that the decision to demonetise high denomination currency notes is a positive step to bolster the economy in the long run,” said UFO Moviez joint managing director Kapil Agarwal. “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.”

    “This is a positive set of results, both operationally and financially given the difficult market conditions, highlighting the strength of our business model,” said UFO Movies founder and managing director Sanjay Gaikwad. “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.”

    Let us look at the other numbers reported by UFO Moviez

    Total Expense in Q3-17 increased 5.7 percent y-o-y to Rs 126.48 crore from Rs 119.62 crore in Q3-16. Ad revenue share (expense) in Q3-17 increased 10.7 percent y-o-y to Rs 12.90 crore from Rs 11.65 crore in the corresponding quarter of the previous year. Visual Print sharing expense in Q3-17 declined 4 percent y-o-y to Rs 17.47 crore from Rs 18.19 crore in Q3-16.

    The company’s expense towards purchase of digital cinema equipment and lamps in the current quarter declined 22.7 percent y-o-y to Rs 14.08 crore as compared to Rs 18.21 crore in Q3-16.

    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.

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

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

    BENGALURU: Indian digital cinema distribution network and in-cinema advertising platform, UFO Moviez Limited (UFO) reported a 5.2 percent year-over-year (y-o-y) growth in advertising revenue for the quarter ended 31 December 2016 (Q3-17, current quarter). The company reported advertising revenue of Rs 42.7 crore in Q3-17 as compared to Rs 40.6 crore in the corresponding quarter of the previous year (Q3-16). Average advertisement minutes sold per show per screen decreased to 3.88 minutes (Q3-16 – 4.36) minutes during Q3-17.

    Theatrical and In-Cinema advertisement (consolidated excluding new businesses) revenues grew by 2.5 percent y-o-y to Rs 147.3 crore (Q3-16 – Rs 143.7 crore). Consolidated revenues improved by 2.5 percent y-o-y in Q3-17 to Rs 148.8 crore (Q3-16 – Rs 145.2 crore).

    Indian digital cinema distribution network and in-cinema advertising platform, UFO Moviez Limited (UFO) had 2..7 percent year-over-year (y-o-y) decline in Earnings before interest depreciation and amortisation (EBIDTA, operating profit) for the quarter ended 31 December 2016 (Q3-17, current quarter) as compared to the corresponding year ago quarter. The company’s EBIDTA for Q3-17 was Rs 43.22 crore (34.6 percent of Total Income from Operations or TIO, margin), for Q3-16, it was Rs 44.42 crore (30.7 percent margin). EBIDTA including other income saw a 3.9 percent y-o-y fall in the current quarter to Rs 44.49 crore from Rs 46.30 crore

    Company speak on demonetisation

    “We believe that the decision to demonetise high denomination currency notes is a positive step to bolster the economy in the long run,” said UFO Moviez joint managing director Kapil Agarwal. “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.”

    “This is a positive set of results, both operationally and financially given the difficult market conditions, highlighting the strength of our business model,” said UFO Movies founder and managing director Sanjay Gaikwad. “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.”

    Let us look at the other numbers reported by UFO Moviez

    Total Expense in Q3-17 increased 5.7 percent y-o-y to Rs 126.48 crore from Rs 119.62 crore in Q3-16. Ad revenue share (expense) in Q3-17 increased 10.7 percent y-o-y to Rs 12.90 crore from Rs 11.65 crore in the corresponding quarter of the previous year. Visual Print sharing expense in Q3-17 declined 4 percent y-o-y to Rs 17.47 crore from Rs 18.19 crore in Q3-16.

    The company’s expense towards purchase of digital cinema equipment and lamps in the current quarter declined 22.7 percent y-o-y to Rs 14.08 crore as compared to Rs 18.21 crore in Q3-16.

    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.

  • 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.