Financials
Demonetisation: UFO Moviez reports slight fall in results for Q3-17
BENGALURU: Indian digital cinema distribution network and in-cinema advertising platform, UFO Moviez Limited (UFO) reported a 5.2 percent year-over-year (y-o-y) growth in advertising revenue for the quarter ended 31 December 2016 (Q3-17, current quarter). The company reported advertising revenue of Rs 42.7 crore in Q3-17 as compared to Rs 40.6 crore in the corresponding quarter of the previous year (Q3-16). Average advertisement minutes sold per show per screen decreased to 3.88 minutes (Q3-16 – 4.36) minutes during Q3-17.
Theatrical and In-Cinema advertisement (consolidated excluding new businesses) revenues grew by 2.5 percent y-o-y to Rs 147.3 crore (Q3-16 – Rs 143.7 crore). Consolidated revenues improved by 2.5 percent y-o-y in Q3-17 to Rs 148.8 crore (Q3-16 – Rs 145.2 crore).
Indian digital cinema distribution network and in-cinema advertising platform, UFO Moviez Limited (UFO) had 2..7 percent year-over-year (y-o-y) decline in Earnings before interest depreciation and amortisation (EBIDTA, operating profit) for the quarter ended 31 December 2016 (Q3-17, current quarter) as compared to the corresponding year ago quarter. The company’s EBIDTA for Q3-17 was Rs 43.22 crore (34.6 percent of Total Income from Operations or TIO, margin), for Q3-16, it was Rs 44.42 crore (30.7 percent margin). EBIDTA including other income saw a 3.9 percent y-o-y fall in the current quarter to Rs 44.49 crore from Rs 46.30 crore
Company speak on demonetisation
“We believe that the decision to demonetise high denomination currency notes is a positive step to bolster the economy in the long run,” said UFO Moviez joint managing director Kapil Agarwal. “In the short-term, the media and entertainment sector is one of the most adversely impacted sectors. In this challenging environment, UFO demonstrated resilience and delivered growth in advertisement revenues. While demonetisation has slowed down growth in the second half of fiscal 2017 making it difficult to achieve our advertisement growth target, we are extremely confident of delivering on our long term growth plans.”
“This is a positive set of results, both operationally and financially given the difficult market conditions, highlighting the strength of our business model,” said UFO Movies founder and managing director Sanjay Gaikwad. “Advertisement revenues achieved mid-single digit growth despite extreme pressure across sectors and dented advertising spends. We believe that the impact is transitory and the early signs of recovery are already visible. Going forward, re-monetisation along with the implementation of GST are expected to drive overall economic growth and UFO is well positioned to benefit from higher advertising spending by the government, corporates and hyperlocal advertisers.”
Let us look at the other numbers reported by UFO Moviez
Total Expense in Q3-17 increased 5.7 percent y-o-y to Rs 126.48 crore from Rs 119.62 crore in Q3-16. Ad revenue share (expense) in Q3-17 increased 10.7 percent y-o-y to Rs 12.90 crore from Rs 11.65 crore in the corresponding quarter of the previous year. Visual Print sharing expense in Q3-17 declined 4 percent y-o-y to Rs 17.47 crore from Rs 18.19 crore in Q3-16.
The company’s expense towards purchase of digital cinema equipment and lamps in the current quarter declined 22.7 percent y-o-y to Rs 14.08 crore as compared to Rs 18.21 crore in Q3-16.
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.
MUMBAI: It’s time to brief the markets: Page Industries is showing that even when regulations tighten, it can still keep its footing in the innerwear business. The Bengaluru-based apparel major has reported its financials for the quarter ended 31 December 2025, delivering a performance that remains steady and well put together.
The company’s top line showed plenty of elasticity this quarter. Revenue from operations stretched to Rs 1,38,675.71 lakhs, a healthy jump from the Rs 1,29,085.82 lakhs reported in the preceding quarter. Compared to the same period last year, which stood at Rs 1,31,305.10 lakhs, it’s clear the brand’s grip on the market isn’t loosening. Total income for the quarter, including other finance gains, reached a comfortable Rs 1,39,919.03 lakhs.
However, it wasn’t all smooth silk. The Government of India’s new unified Labour Codes, covering everything from wages to social security, officially kicked in on 21 November 2025. This regulatory shift forced Page Industries to account for a one-time “exceptional item” cost of Rs 3,500.42 lakhs to cover incremental employee benefits and related obligations. Despite this Rs 35-crore legislative snag, the underlying business remained robust. Profit before tax stood at Rs 25,625.35 lakhs after the exceptional hit, and without that one-off cost, the figure would have been a more muscular Rs 29,125.77 lakhs. Net profit for the quarter came in at Rs 18,953.64 lakhs.
Total expenses rose to Rs 1,10,793.26 lakhs, driven largely by raw material consumption of Rs 30,162.65 lakhs and employee benefits of Rs 23,310.66 lakhs. Even so, the company’s operational strength ensured the bottom line remained firmly stitched together.
For shareholders, the news is particularly “fitting.” The Board has declared a third interim dividend for 2025-26 of Rs 125 per equity share. The record date has been set for 11 February 2026, with the payment scheduled on or before 6 March 2026. This follows two previous interim dividends of Rs 150 and Rs 125 declared earlier in the financial year, reinforcing the company’s commitment to sharing the spoils of its success.
Looking at the nine-month stretch ending December 2025, Page Industries has amassed total income of Rs 4,04,090.59 lakhs, with total comprehensive income of Rs 58,231.49 lakhs. While the basic earnings per share for the quarter dipped slightly to Rs 169.93, compared to Rs 183.48 in the same quarter last year, the year-to-date EPS remains a solid Rs 524.57.
Auditors at S.R. Batliboi & Associates LLP have given the results a “limited review” thumbs up, reporting no material misstatements. It seems that, as far as Page Industries is concerned, the business remains as well-constructed as its famous Jockey briefs.
