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.


Latest Reads
Nat Geo to showcase 'Before The Flood' TVC-free

On the heels of last Friday’s theatrical release of the critically acclaimed film 'Before the Flood' in New York and Los Angeles, National Geographic Global Networks CEO, Courteney Monroe, shared the network's plans to premier the show commercial free across digital and streaming platforms around...

Television TV Channels Factual & Documentary
Disney India acquires rights of 'Freaktown'

Disney India has acquired the Canadian animated comedy series 'Freaktown' from Portfolio Entertainment. Broadcasters in the UK and Denmark have also acquired the rights for the same movie.

Television TV Channels Kids
ZMCL to demerge print biz into DMCL, list; approves new home shopping channel

The board of directors of ZMCL has inter alia approved a draft of Scheme of Arrangement and Amalgamation for demerger of print media undertaking of the company into Diligent Media Corporation Limited (DMCL), merger of Mediavest India Private Limited and Pri Media Services Private Limited into DMCL...

Television TV Channels News Broadcasting
DD D-G Sahu elected Asia-Pacific Broadcasting vice-president

Doordarshan Director General Supriya Sahu has been elected as the new vice-president of the Asia-Pacific Broadcasting Union. The election was held during the 53rd annual Asia-Pacific Broadcasting Union General Assembly hosted by the Indonesian public broadcaster RRI,

Television TV Channels People
Star Movies presents 'Films To See...' every weekday starting 7 Nov

Star Movies Select HD has been staying true to its promise of impeccable curation by showcasing the best. Star Movies sets standards of storytelling high inspiring a lot of others to try and re-invent the art of movie showcasing business.

Television TV Channels English Entertainment
Q2-17: Zee Media operating profit up

BENGALURU: The Essel Group’s news network Zee Media Corporation Limited (ZMCL) reported more than double (2.47 times) year-over-year (y-o-y) operating profit (Simple EBIDTA) for the quarter ended 30 September 2016 (Q2-17, current quarter) . The company reported EBIDTA of Rs 18 crore (14.3 per cent...

Television TV Channels GECs
National Geographic Channel to undergo major rebranding

MUMBAI: Come 14 November and the National Geographic Channel will have a new shortened sobriquet. The word channel will disappear from its name and it will be simply known as National Geographic and a new tagline “Further.” The change is expected to take place simultaneously across all the 445...

Television TV Channels Factual & Documentary
Maha Cartoon targets 65 per cent rural HSM via DD FreeDish, 2000 LCOs

Who can forget the Charlie Chaplin show which entertained the world audience of all ages. Maha Cartoon, the first free-to-air (FTA) Hindi cartoon channel targeted at the Hindi-speaking markets (HSM), will be launched on India's largest DTH platform DD FreeDish on 1 November. The new Maha Cartoon...

Television TV Channels Kids
Vikram Chandra steps down; KVL Narayan Rao is new NDTV group CEO

The rumours that were making rounds of Vikram Chandra quitting NDTV have now been put to rest.

Television TV Channels People

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories