UFO Moviez Reports Q1FY20 Results

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By K Ashwin Mobile: 09920183006 Email: indianshowbusiness@gmail.com

 

Advertisement Revenue stood at ₹440 Mn

EBITDA grew 2.0% to ₹289 Mn & PAT higher by 8.1% to ₹82 Mn

UFO Moviez India Limited, India’s largest digital cinema distribution network and in-cinema advertising platform, today, announced its financial results for the quarter ended June 30, 2019.

Financial Highlights:

Quarter ended June 30, 2019

Consolidated revenue stood at ₹1,268 (Q1FY19 – ₹1,347) million. EBITDA grew by 2.0% to ₹289 (Q1FY19 – ₹283) million. PBT was higher by 15.3% to ₹135 (Q1FY19 – ₹117) million and PAT grew by 8.1% to ₹82 (Q1FY19 – ₹76) million.

Advertisement revenue stood at ₹440 (Q1FY19 – ₹451) million. Average advertisement minutes sold per show per screen grew to 4.64 (Q1FY19 – 4.46) minutes during Q1FY20.

“Fiscal year 2020 started on expected lines with moderate earnings growth in Q1FY20” said Kapil Agarwal, Joint Managing Director. “We continued to see positive movement in the Corporate advertisement vertical which grew by over 18% Y-o-Y. Government advertisement performance as expected was subdued due to the imposition of the Model Code of Conduct. Looking forward, we remain optimistic about the future as we continue to focus on what is best for our shareholders and all stakeholders.”


 

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