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
UP govt, HGS unit to skill one lakh youth in digital push
MoU targets jobs, training and future ready talent across state
MUMBAI: Government of Uttar Pradesh has joined hands with OneOTT Intertainment Limited, the broadband arm of Hinduja Global Solutions, to train one lakh youth, signalling a fresh push towards jobs in the digital economy.
The memorandum of understanding, signed with the Employment Department Uttar Pradesh, aims to bridge the gap between skills and industry needs while opening up employment pathways for young people across the state.
The agreement was formalised by principal secretary, labour and employment, M. K. Shanmugha Sundaram and whole-time director, Hinduja Global Solutions and MD and CEO, OneOTT Intertainment Limited, Vynsley Fernandes, in the presence of labour minister Anil Rajbhar.
Under the partnership, OneOTT Intertainment Limited will roll out training programmes, workshops and knowledge-sharing platforms designed to equip youth with skills aligned to a rapidly digitising economy. The initiative will also include research inputs, technical guidance and policy-level support to ensure effective execution.
Principal secretary, labour and employment, M. K. Shanmugha Sundaram, said, “This collaboration will help align skill development programmes with actual industry needs and prepare the youth of Uttar Pradesh for emerging opportunities in the digital services sector.”
Hinduja Global Solutions whole-time director, and OneOTT Intertainment Limited MD and CEO Vynsley Fernandes said, “India’s progress is closely linked to strengthening the capabilities of its young workforce. At HGS, we see skills evolving alongside technology, and partnerships like this help build a stronger digital ecosystem.”
The state government will facilitate coordination across departments and institutions, ensuring the programmes reach the right audiences and deliver measurable outcomes.
As digital infrastructure expands and technology reshapes job markets, initiatives like this are positioning skill development not just as training, but as a gateway to opportunity for the next generation.
