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Q2-2016: UFO Moviez revenue up 18%, EBIDTA up 12.3%
BENGALURU: Indian digital cinema distribution network and in-cinema advertising platform, UFO Moviez Limited (UFO) reported a 18 per cent YoY growth in consolidated income from operations (TIO) for the quarter ended 30 September, 2015 (Q2-2016, current quarter) at Rs 148.25 crore as compared to Rs 125.59 crore and 13.8 per cent more than the Rs 130.32 crore in the immediate trailing quarter. The company reported 12.3 per cent higher operating profit or EBIDTA for the current quarter at Rs 44.66 crore (30.1 per cent margin) as compared to the Rs 39.78 crore (31 per cent margin) and grew 10.7 per cent QoQ from Rs 40.34 crore (31 per cent margin).
Note: 100,00,000 = 100 lakh = 10 million = 1 crore.
The company’s PAT in Q2-2016 increased 26.5 per cent to Rs 16.46 crore (11.1 per cent margin) as compared to Rs 13.01 crore (10.4 per cent margin) and increased 24.2 per cent QoQ from Rs 13.25 crore (10.4 per cent margin).
UFO founder and managing director Sanjay Gaikwad said, “I am very pleased with UFO’s operating and financial performance during the first half of fiscal year 2016. We delivered strong growth in revenues driven by E Cinema VPF, sale of products and increase in advertisement volumes. Advertisement revenue growth was aided by increased stability due to repeat business from some of the top corporate clients. The benefits of operating leverage are also evident, combined with higher margins in advertising and strong balance sheet position, which has enhanced the overall profitability of the company.”
“We are confident in our ability to deliver the targets we have set for the full year,” added UFO joint managing director Kapil Agarwal. “A healthy pipeline of movies in the second half offers strong visibility for growth. The prospect of growth in the advertising business looks promising. The expansion of Caravan Talkies is also progressing as per plan and we expect this business to begin contributing meaningfully at an operating level soon. In summary, we have a very well-established platform to leverage on and a strong set of plans to deliver growth.”
Let us look at the other expense reported by the company:
Total Expenses in Q2-2016 at Rs 123.22 crore (83.1 per cent of TIO) increased 17.3 per cent YoY from Rs 105.09 crore (83.7 per cent of TIO) and was 13.8 per cent more QoQ than the Rs 109.16 crore (83.8 per cent of TIO).
The company’s expense towards purchase of digital cinema equipment and lamps in the current year increased 49.1 per cent to Rs 24.55 crore (16.6 per cent of TIO) as compared to the Rs 16.46 crore (13.1 per cent of TIO) in Q2-2015 and was 53.8 per cent higher QoQ as compared to Rs 15.96 crore (12.2 per cent of TIO).
The company paid 7.9 higher amount towards advertisement revenue share in Q2-2016 at Rs 11.29 crore (7.6 per cent of TIO) as compared to the Rs 10.46 crore (8.3 per cent of TIO) in Q2-2015 and 7.6 per cent more QoQ from Rs 11.47 crore (8.8 per cent of TIO).
Further, the company paid 32.1 per cent YoY more towards VPF share at Rs 19.99 crore (13.5 per cent of TIO) from Rs 15.06 crore (12 per cent of TIO) and 13.5 per cent more QoQ from Rs 16.23 crore (12.5 per cent of TIO).
Half year results
In H1-2016 (half- year ended 30 September, 2015), total consolidated revenues rose 20.2 per cent to Rs 280.20 crore from Rs 233.1 crore in H1-2015. EBITDA grew 12.4 per cent to Rs 86.8 in the current half year from Rs 77.3 crore. PBT increased 33.5 per cent to Rs 42.1 crore in H1-2016 from Rs 31.6 crore in the corresponding period of last year.
PAT in H1-2016 grew 41.4 per cent to 29.7 crore from Rs 21 crore in H1-2015. The average number of advertisement minutes sold per show per screen increased to 3.83 in H1-2016 (half- year ended 30 September, 2015) as compared to the 2.92 minutes in HY-2015 and Advertisement revenue grew 37.8 per cent to Rs 70.7 crore in the current half-year as compared to Rs 51.3 crore in H1-2015.
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Axis Bank named Official Banking Partner of DP World PGTI
Partnership supports all tournaments this season to grow professional golf in India.
MUMBAI: Axis Bank just teed up a hole-in-one partnership because when a bank sponsors golf’s biggest swing in India, even the fairways feel more financially secure. Axis Bank has been appointed Official Banking Partner of the DP World Professional Golf Tour of India (DP World PGTI), strengthening its commitment to sporting excellence and community engagement while backing the growth of professional golf across the country.
Under the partnership, Axis Bank will support all DP World PGTI tournaments this season, contributing to talent development, enhanced tournament experiences and wider fan engagement. The collaboration aligns the bank’s values of precision, discipline and trust with the Tour’s focus on performance and opportunity.
Axis Bank executive director Munish Sharda said, “We are pleased to partner with DP World PGTI as its Official Banking Partner. Golf embodies precision, discipline, and a pursuit of excellence qualities that strongly reflect who we are at Axis Bank. This association also strengthens our engagement with India’s growing premium customer segments, where the sport has a deep and enduring connect.”
Professional Golf Tour of India president Kapil Dev said, “We are extremely pleased to welcome Axis Bank as a Tour Partner of the DP World Professional Golf Tour of India. Partnerships of this stature play a vital role in strengthening the foundation of the Tour, enhancing opportunities for our players, and expanding the sport’s reach across the country.”
Professional Golf Tour of India CEO Amandeep Johl added, “Axis Bank’s strong legacy of excellence, innovation, and nationwide reach aligns perfectly with DP World PGTI’s goal to elevate professional golf in India and provide greater opportunities for our players.”
In a sport where every stroke counts and every partnership drives distance, Axis Bank isn’t just backing golfers, it’s investing in the fairway to future, turning India’s greens into a stage where precision meets passion and every drive has the power to inspire.
