UFO Moviez India Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 02, 2023 at 09:12 am EDT
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UFO Moviez India Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 865.6 million compared to INR 1,074.5 million a year ago. Revenue was INR 871.4 million compared to INR 1,078.4 million a year ago. Net income was INR 32.9 million compared to net loss of INR 91.5 million a year ago. Basic earnings per share from continuing operations was INR 0.86 compared to basic loss per share from continuing operations of INR 2.4 a year ago. Diluted earnings per share from continuing operations was INR 0.85 compared to diluted loss per share from continuing operations of INR 2.4 a year ago.
For the six months, sales was INR 1,714.6 million compared to INR 1,974.7 million a year ago. Revenue was INR 1,724.8 million compared to INR 1,983.9 million a year ago. Net income was INR 58.1 million compared to net loss of INR 117 million a year ago. Basic earnings per share from continuing operations was INR 1.52 compared to basic loss per share from continuing operations of INR 3.07 a year ago. Diluted earnings per share from continuing operations was INR 1.51 compared to diluted loss per share from continuing operations of INR 3.07 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.