Hindi
UFO Moviez reports Q3&9MFY24 results
Mumbai: UFO Moviez, India’s largest in-cinema advertising platform, with the power to impact almost 1.7 billion viewers annually through 3,407 screens under the PRIME and POPULAR channels across 1,257 cities & towns, today, announced its financial results for the quarter ended December 31,2023.
Financial Highlights:
Quarter ended December 31, 2023
During the quarter, overall business saw an improvement on the back of improved Advertising and Theatrical Revenue. This led to an improved EBITDA and profitability on Q-o-Q and Y-o-Y basis. The Caravan Advertisement also gained some traction from the government segment this quarter.
Consolidated Revenues grew by 7 per cent from ₹ 1,109 mn in Q3FY23 to ₹ 1,184 mn in Q3FY24,
EBITDA margin improved by 649 bps from 9.10 per cent in Q3FY23 to 15.58 per cent in Q3FY24,
EBITDA in Q3FY24 grew by 83 per cent at ₹ 184 mn versus ₹ 101 mn in Q3FY23,
PBT improved from negative ₹ 10 mn in Q3FY23 to ₹ 60 mn Q3FY24,
PAT grew to ₹ 46 mn versus Loss of ₹ 3 mn in Q3FY23.
Nine months ended 31 December 2023
Consolidated Revenues stood at ₹ 2,909 mn versus ₹ 3,093 mn in 9MFY24,
EBITDA margin improved by 1,079 bps from 7.24% in 9MFY23 to 18.03 per cent in 9MFY24,
EBITDA in 9MFY24 grew by 134 per cent at ₹ 524 mn versus ₹ 224 mn in 9MFY23,
PBT improved from negative ₹ 138 mn in 9MFY23 to at ₹ 165 mn in 9MFY24,
PAT grew to ₹ 103 mn versus negative ₹ 120 mn in 9MFY23.
“The first half of this quarter started on a muted note due to the Cricket World Cup. However, the overall business during the quarter exhibited notable improvement,” said executive director and group CEO Rajesh Mishra. ”The month of December marked a turning point with successful releases across languages, especially Hindi Releases. This upswing led to an uptick in advertising revenue, achieving the highest ever quarterly advertisement revenue since Q3FY20. This underscores the growing confidence of advertisers in cinema as a potent advertising platform. With our Advertisement Screen Network now expanded to 3,407 screens (104 added during the quarter), and exclusive advertising rights secured across another 403 screens through a tie up with TSR Films in January 2024, we hope to accelerate and continue to build on the positive momentum.”
Hindi
ZEE5, Applause announce new film Everybody Loves Sohrab Handa
Rajat Kapoor’s dark comedy thriller to stream on ZEE5 from April 10
MUMBAI: ZEE5 and Applause Entertainment have announced their next direct-to-digital collaboration, Everybody Loves Sohrab Handa, a darkly comic whodunnit set to stream from April 10.
Produced in association with Mithya Talkies and written and directed by Rajat Kapoor, the film marks the latest addition to a growing slate of genre-diverse titles from the two partners. Their previous collaborations include dramas, psychological thrillers and dark comedies, with this outing leaning into a layered murder mystery.
The film features an ensemble cast including Vinay Pathak, Ranvir Shorey, Waluscha De Sousa and Saurabh Shukla, among others. The narrative promises a mix of satire, strained relationships and hidden tensions, inviting viewers to look beyond the crime to the dynamics that lead up to it.
ZEE5 business head hindi and chief channel officer Andtv Kaveri Das said, “Our collaboration with Applause Entertainment has been instrumental in building a strong slate with titles such as Bloody Brothers, Mithya and Jab Khuli Kitaab. Everybody Loves Sohrab Handa is a natural progression, aligning with our focus on genre-led content that resonates with audiences.”
Applause Entertainment business head movies Sunil Chainani said, “This collaboration with ZEE5 continues to stand out for its diversity of genres and narrative styles. Everybody Loves Sohrab Handa adds a sharp, darkly comic whodunnit to that mix, driven by Rajat Kapoor’s distinct voice.”
Sharing his creative approach, Rajat Kapoor said he was drawn to the emotional layers behind the genre. “I was interested not just in the mechanics of a whodunnit, but the emotional violence that precedes physical violence. These are people who appear close, yet carry unspoken tensions that eventually surface.”
The partnership between ZEE5 and Applause continues to build on a shared focus on distinctive storytelling, with each project exploring a different tone and genre.
With its mix of humour, tension and ensemble storytelling, the film aims to offer more than just a mystery. It promises a closer look at the secrets people keep, and the consequences when they finally come to light.
