UFO Moviez India Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023
May 25, 2023 at 07:37 am EDT
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UFO Moviez India Limited reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was INR 878.6 million compared to INR 547.9 million a year ago. Revenue was INR 884.1 million compared to INR 561.3 million a year ago. Net loss was INR 11.8 million compared to INR 188.9 million a year ago. Basic loss per share from continuing operations was INR 0.31 compared to INR 6.04 a year ago. Diluted loss per share from continuing operations was INR 0.31 compared to INR 6.04 a year ago.
For the full year, sales was INR 3,959.2 million compared to INR 1,601.4 million a year ago. Revenue was INR 3,977.5 million compared to INR 1,639.4 million a year ago. Net loss was INR 132.1 million compared to INR 868.5 million a year ago. Basic loss per share from continuing operations was INR 3.47 compared to INR 27.77 a year ago. Diluted loss per share from continuing operations was INR 3.47 compared to INR 27.77 a year ago.
UFO Moviez India Limited is engaged in providing digital cinema services. The Company enables cinema digitization with satellite technology in India. It also makes an in-cinema advertising platform, with approximately 1.8 billion viewers annually through 3400+ screens across 1150+ cities. It is focused on digital cinema services and sale of digital cinema equipment. Its businesses include Theatrical Business, Advertising Business and Other Initiatives. Its Other Initiatives business includes Nova Cinemaz, Club Cinema, Impact Ticketing and Caravan Talkies. It also provides digital cinema equipment to the cinema theatres comprising of a sophisticated digital projector and industrial grade digital cinema server supported by a 3KVA UPS system. Its wholly owned subsidiary, Scrabble Entertainment Limited, is provider of end-to-end digital cinema solutions, including supply, installation, and maintenance of 2K & 4K DCI compliant projectors, DCI Servers, 3D equipment, and peripherals.
UFO MOVIEZ INDIA LIMITED 
