UFO Moviez India Limited, India's largest digital cinema distribution network and in-cinema advertising platform in terms of number of screens, today, announced its financial results for the quarter ended June 30, 2019.
Financial Highlights - Quarter ended June 30, 2019
Consolidated revenue stood at Rs. 1,268 (Q1FY19 - Rs. 1,347) million. EBITDA grew by 2.0% to Rs. 289 (Q1FY19 - Rs. 283) million. PBT was higher by 15.3% to Rs. 135 (Q1FY19 - Rs. 117) million and PAT grew by 8.1% to Rs. 82 (Q1FY19 - Rs. 76) million.
Advertisement revenue stood at Rs. 440 (Q1FY19 - Rs. 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."
Shares of UFO Moviez India Ltd was last trading in BSE at Rs.157.9 as compared to the previous close of Rs. 163.25. The total number of shares traded during the day was 5628 in over 699 trades.
The stock hit an intraday high of Rs. 165 and intraday low of 153.3. The net turnover during the day was Rs. 902019.