MAM
FY-16: UFO Moviez ad revenue 35 percent up
BENGALURU: Indian digital cinema distribution network and in-cinema advertising platform, UFO Moviez Limited (UFO) reported a 35.3 percent growth in advertising revenue for the year ended 31 March 2016 (FY-16, current year). The company reported advertising revenue of Rs 157.8 crore in FY-16 as compared to Rs 116.7 crore in the previous year. Average advertisement minutes sold per show per screen increased to 4.15 (FY-15 – 3.36) minutes during the year. Theatrical and In-Cinema advertisement (consolidated excluding new businesses) revenues grew by 18.6 percent to Rs 567.1 crore (FY-15 – Rs 478.3 crore). Consolidated revenues improved by 19.4 percent to Rs 572.1 crore (FY-15 – Rs 479.3 crore)
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.
Let us look at the other numbers reported by UFO Moviez
Total Expense in FY-16 increased 17.5 percent to Rs 464.70 crore from Rs 395.45 crore in FY-15. Ad revenue share (expense) in FY-16 increased 27.2 percent to Rs 47.15 crore from Rs 39.39 crore in the previous year. Visual Print sharing expense in FY-16 increased 22.9 percent to Rs 73.36 crore from Rs 63.31 crore.
The company’s expense towards purchase of digital cinema equipment and lamps in the current year increased 62.7 percent to Rs 66.0s crore as compared to Rs 40.59 crore in FY-15.
Company speak
“Fiscal 2016 was another successful year for UFO as our financial results exceeded expectations across all metrics,” said UFO Moviez founder and managing director Sanjay Gaikwad. “Our confidence in our advertisement growth strategy has further strengthened. We continued to generate strong cash flows, allowing us to return value to our shareholders through dividends. We are excited about the potential of our advertisement platform and committed to deliver growth ahead aiming at unlocking further value for shareholders.”
“UFO delivered record revenue and profitability with consistent growth year on year for the last 5 fiscal years,” said Kapil Agarwal, Joint Managing Director. “Our theatrical business continues to deliver stable results and we remain strategically focused on driving growth through advertising. Momentum from advertisements continued in fiscal 2016 with advertisement sales exceeding 35 percent growth achieving record levels. As we enter fiscal 2017, we remain confident in our momentum and see tremendous opportunity and exciting prospects for the company.”
Brands
Ather Energy doubles service network to 500 centres nationwide
EV maker scales support alongside growth to keep riders on the road
MUMBAI: Ather Energy is quietly building more than just scooters. It is building the backbone to keep them running.
The electric two-wheeler maker has expanded its service network to 500 authorised centres across India, nearly doubling its footprint in a year from 277. The move mirrors its growing retail presence and signals a clear focus on one often overlooked part of EV ownership, what happens after the purchase.
From the outset, Ather has prioritised service support in every city it enters, aiming to make ownership as smooth as the ride itself. Its Gold Service Centres bring in upgraded customer lounges, modern equipment and processes designed to make servicing more transparent and reliable.
Speed, too, is part of the pitch. Through its ExpressCare initiative, riders can get periodic maintenance done in about an hour, now available across 82 centres, turning what used to be a chore into a quick pit stop.
Ather Energy chief business officer Ravneet Singh Phokela said, “Crossing 500 service centres is an important milestone as we scale across the country. Reliable after-sales support is central to the ownership experience, and our focus remains on consistent service quality and accessibility.”
The expansion comes as demand grows for models like the Ather 450 and the Rizta, which have helped the company reach a broader set of riders across metros and emerging cities alike.
Alongside servicing, Ather continues to power up infrastructure through the Ather Grid, now one of the largest fast-charging networks for two-wheelers, with over 4,300 charging points.
With plans to scale further and deepen its presence, Ather’s approach is clear. Selling the scooter may start the journey, but keeping it running smoothly is what sustains it.
