UFO Moviez India Ltd Q4 FY2020 consolidated net profit slides to Rs. 6.78 crore

UFO Moviez India Ltd has reported financial results for the period ended March 31, 2020.

Financial Results (Q4 FY19-20) - QoQ Comparison

The company has reported net sales of Rs.109.36 crores during the period ended March 31, 2020 as compared to Rs.142.65 crores during the period ended December 31, 2019.

The company has posted net profit of Rs.6.78 crores for the period ended March 31, 2020 as against Rs.27.36 crores for the period ended December 31, 2019.

The company has reported EPS of Rs.2.39 for the period ended March 31, 2020 as compared to Rs.9.65 for the period ended December 31, 2019.

Financials	Q4 FY19-20	Q3 FY19-20	% Change
Total Income	₹ 109.36 crs	₹ 142.65 crs	-23.34%
Net Profit	₹ 6.78 crs	₹ 27.36 crs	-75.22%
EPS	₹ 2.39	₹ 9.65	-75.23%

Financial Results (Q4 FY19-20) - YoY Comparison

The company has reported net sales of Rs.109.36 crores during the period ended March 31, 2020 as compared to Rs.193.95 crores during the period ended March 31, 2019.

The company has posted net profit of Rs.6.78 crores for the period ended March 31, 2020 as against Rs.33.54 crores for the period ended March 31, 2019.

The company has reported EPS of Rs.2.39 for the period ended March 31, 2020 as compared to Rs.11.83 for the period ended March 31, 2019.

Financials	Q4 FY19-20	Q4 FY18-19	% Change
Total Income	₹ 109.36 crs	₹ 193.95 crs	-43.61%
Net Profit	₹ 6.78 crs	₹ 33.54 crs	-79.79%
EPS	₹ 2.39	₹ 11.83	-79.8%

Financial Results (Year ended FY 2019-20) - YoY Comparison

The company has reported net sales of Rs.503.92 crores during the 12 months period ended March 31, 2020 as compared to Rs.616.85 crores during the 12 months period ended March 31, 2019.

The company has posted net profit of Rs.38.77 crores for the 12 months period ended March 31, 2020 as against Rs.66.54 crores for the 12 months period ended March 31, 2019.

The company has reported EPS of Rs.13.68 for the 12 months period ended March 31, 2020 as compared to Rs.23.47 for the 12 months period ended March 31, 2019.

Financials	FY2019-20	FY2018-19	% Change
Total Income	₹ 503.92 crs	₹ 616.85 crs	-18.31%
Net Profit	₹ 38.77 crs	₹ 66.54 crs	-41.73%
EPS	₹ 13.68	₹23.47	-41.71%

"UFO's advertisement performance during the quarter and full-year was weak primarily on account of lower Government spending. Additionally, the shutdown of operations in mid of March due to the COVID-19 pandemic impacted total revenues including Corporate advertising. This has severely impacted the overall profitability of the Company," said Kapil Agarwal, Joint Managing Director. "To conserve cash, we have implemented cost optimisation strategies. The Company's liquidity position remains comfortable to sustain during this challenging phase. We are awaiting the Government's decision to reopen Cinemas that is likely to take place in the third phase of unlocking based on the situation. Post-re-opening, we expect slow recovery as social distancing will impact cinema footfalls until the situation normalizes. However, we are optimistic that UFO will emerge stronger at the end of this crisis."

Shares of UFO Moviez India Ltd was last trading in BSE at Rs.81.3 as compared to the previous close of Rs. 80.6. The total number of shares traded during the day was 27489 in over 401 trades.

The stock hit an intraday high of Rs. 82.5 and intraday low of 80.5. The net turnover during the day was Rs. 2239457.

Source : Equity Bulls

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