UFO Moviez reports 11% YOY revenue growth

The company's consolidated revenue has grown by 11% from Rs 85 crore in Q1 FY24 to Rs 94 crore in Q1 FY25

by e4m Staff
Published: Aug 2, 2024 11:01 AM | 1 min read

UFO Moviez has reported 11% year-over-year growth in revenue.

The overall performance in the quarter was subdued due to lack of tent-pole films. On the screen network front, the advertisement screen network saw a 17% increase year-over-year, although it experienced a slight decline of 2% quarter-over-quarter.

Consolidated Revenues grew by 11% from Rs 85.3 crore in Q1FY24 to Rs 94.5 crore in Q1FY25. EBITDA for the quarter stood at ₹ 6.6 crore, compared to Rs 16.3 crore in Q1FY24.

The company has reported net loss of Rs 4.2 crore in Q1FY25, compared to a net profit of Rs 2.5 crore in Q1FY24.

"Q1FY25 had a slow start due to the general elections and a lower number of movie releases," said Rajesh Mishra, Executive Director and Group CEO. "The underperformance of big-budget films and a lack of successful content negatively affected overall results. However, with the success of 'Kalki 2898 AD' at the end of Q1FY25 and an exciting lineup of upcoming releases across languages, we are hopeful for a positive turnaround in the coming quarters."