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, 2018.
Quarter ended June 30, 2018
Consolidated revenue stood at Rs. 1,347 (Q1FY18 - Rs. 1,544) million. EBITDA stood at Rs. 283 (Q1FY18 - Rs. 409) million. PBT stood at Rs. 117 (Q1FY18 - Rs. 211) million and PAT stood at Rs. 76 (Q1FY18 - Rs. 137) million.
Advertisement revenue stood at Rs. 451 (Q1FY18 - Rs. 493) million during Q1FY19.
"Fiscal year 2019 started on a soft note as advertisement performance was weak during the quarter. However, we are confident of delivering improved performance going forward," said Sanjay Gaikwad, Founder and Managing Director. "The capex during the quarter stood at Rs. 95 Mn, consistent with our annual guidance. With relatively lower capital intensity, our ability to generate free cash flow will provide the necessary flexibility to reward shareholders. Lastly, the process up to the merger between UFO and Qube has made considerable progress passing major regulatory milestones."
Shares of UFO Moviez India Ltd was last trading in BSE at Rs.395 as compared to the previous close of Rs. 383.55. The total number of shares traded during the day was 1820 in over 116 trades.
The stock hit an intraday high of Rs. 395 and intraday low of 380. The net turnover during the day was Rs. 707277.