Film Production
UFO Moviez rides high on strong Q3 earnings
MUMBAI: It is safe to say that UFO Moviez is currently identified as a high-flying object in the financial skies, proving that when it comes to the silver screen, they are far from being “eclipsed” by the competition. The digital cinema distribution powerhouse has beamed up a formidable set of financial results for the quarter and nine months ended 31 December 2025, leaving investors feeling like they’ve found the golden ticket in their popcorn tub.
The company’s consolidated net profit for the nine months ended December 2025 reached Rs 20.43 crore, up from Rs 10.27 crore during the same period the previous year, marking a 99 per cent increase. This growth was reflected in the quarterly performance, with the three months ending December 2025 delivering a net profit of Rs 7.52 crore, compared to Rs 15.29 crore in the prior year’s corresponding quarter.
Revenue from operations remained steady, with the consolidated nine-month figure at Rs 343.78 crore, up from Rs 329.37 crore in the previous year. For the quarter, total income from operations stood at Rs 131.88 crore, showing consistent performance in a competitive market.
The company’s growth is supported by strategic restructuring.
The big merger: UFO successfully completed the amalgamation of its wholly-owned subsidiaries, Scrabble Digital Limited (SDL) and UFO Software Technologies Private Limited (USTPL), effective from 1 April 2024. This “pooling of interests” has streamlined operations and strengthened the standalone bottom line, with restated nine-month standalone profits rising to Rs 14.09 crore from Rs 10.76 crore.
Asset liquidation: The company also exited its 48.12 per cent stake in Mukta V N Films Limited, earning a gain of Rs 0.40 crore.
Operational efficiency: Earnings before interest, tax, depreciation, and amortisation (EBITDA) for the nine months stood at Rs 62.04 crore, compared to Rs 47.28 crore in the previous period, reflecting effective cost management.
The auditors at BSR & Co. LLP have given the results an “unmodified” opinion, confirming the accounts are accurate. Meanwhile, the company’s Employee Stock Option Scheme (ESOP 2014) remains active, with 12,225 options available for eligible staff.
As the credits roll on the 2025 calendar year, UFO Moviez India Limited remains a dominant force in the “Cine Media Network,” proving that even in the age of streaming, the big screen, and the big numbers, still hold plenty of magic.
Film Production
Arka Mediaworks onboards 88 Pictures as animation studio partner on ‘The Eternal War – Part 1’
Arka Mediaworks announces that 88 Pictures, the acclaimed animation and visual storytelling studio known for its cutting-edge CGI and cinematic artistry, is on board as the animation partner for the highly anticipated Baahubali: The Eternal War, a groundbreaking two-part 3D animated feature film set in the globally beloved Baahubali universe.
Baahubali: The Eternal War represents a bold new chapter in the Baahubali saga envisioned for national and international audiences and crafted with the ambition of delivering one of India’s most ambitious and globally benchmarked animation projects to date.
88 Pictures will execute the animation production, bringing to life the film’s richly detailed worlds, epic battle sequences, and larger-than-life characters with its signature blend of artistic vision, performance-driven animation, and advanced production pipelines. Working closely with the film’s creative leadership and technical partners, the studio aims to set new benchmarks in animation quality, cinematic storytelling, and global scalability.
This animated epic follows the successful re-release of Baahubali: The Epic (the combined theatrical version of the original live-action films) on 31 October 2025 across India and the USA. During the film’s interval, legendary creator and director S.S. Rajamouli (Baahubali 1 & 2, RRR) stunned audiences with a surprise teaser for The Eternal War – Part 1. The video immediately went viral, garnering widespread national and international acclaim across LinkedIn, Instagram, and YouTube for its ambitious visual style and scale.
Produced by Arka Mediaworks and led by co-founder and CEO Shobu Yarlagadda – producer of the iconic Baahubali duology, The Eternal War brings together fantastic storytelling and cutting-edge animation.. The film is directed and written by acclaimed animation filmmaker Ishan Shukla (Schirkoa: In Lies We Trust, Star Wars: Visions – “The Bandits of Golak”) and screenplay by Scott Mosier (The Grinch). Mihira Visual Labs, the studio co-founded by Yarlagadda anchors the film’s animation, visual development, and execution.
The partnership with 88 Pictures brings significant pedigree to the project; the studio is well-regarded for its work on high-profile international titles including DreamWorks’ series Trollhunters, the HBO Max original series Gremlins: Secrets of the Mogwai, Disney’s animated short An Almost Christmas Story to name a few.
Yarlagadda shared, “We are happy to onboard 88 Pictures as the animation studio partner for our prestigious and most expensive animated film from India. We believe that their expertise and capabilities will allow us to produce a first-of-its-kind, world-class animated feature film from India.”
88 Pictures founder & CEO Milind D. Shinde said, “Baahubali changed the way cinema is perceived and became a defining milestone that turned the tide for Indian live-action filmmaking. Expanding the franchise into an entirely new universe—at a never-seen, never-done scale—through an animated feature created in India for a global audience is set to redefine how the world views Indian animation. We are truly thrilled to be part of this landmark project and to bring it to life under the visionary direction of Ishan Shukla, guided by the experience and leadership of acclaimed producer Shobu Yarlagadda.”
Shukla expressed, “Eternal War requires a level of visual and emotional precision that can only come from teams who truly understand both craft and intent. Working with 88 Pictures, alongside Mihira Visual Labs, has been a deeply collaborative experience. This association brings together technical excellence and creative sensitivity, enabling us to translate an ambitious vision into a compelling cinematic reality.”
Baahubali: The Eternal War – Part 1 is scheduled for release in 2027
