Mumbai, October 29, 2024: UFO Moviez announced its financial results for the quarter and half year ended 30 September 2024.              

Financial Highlights:

Quarter ended 30 September 2024

Q2FY25 saw an 11 per cent YoY increase in total revenue, driven by growth in theatrical and exhibitor revenue. However, advertising revenue remained subdued due to the mixed performance of film releases during the quarter.

·       Consolidated Revenues grew by 11 per cent from Rs 871 mn in Q2FY24 to ₹ 968 mn in Q2FY25,  

·       EBITDA for the quarter stood at Rs 102 mn, compared to ₹ 177 mn in Q2FY24,

·       Reported a pre-tax loss of Rs six mn in Q2FY25, compared to the profit of ₹ 55 mn in Q2FY24,

·       Reported Net loss of Rs 9 mn in Q2FY25, compared to a Net profit of ₹ 33 mn in Q2FY24.

Half Year September 30, 2024

·       Consolidated Revenues grew by 11 per cent from Rs 1,913 mn versus Rs 1,725 mn in H1FY24,

·       EBITDA stood at Rs 168 mn versus ₹ 340 mn in H1FY24,

·       Reported loss of ₹ 49 mn at PBT level versus the profit of ₹ 90 mn in H1FY24,

·       Reported Net loss of Rs 50 mn, compared to the Net profit of ₹ 58 mn in H1FY24.

"Q2FY25 highlighted the impact of quality content and underscored the need for consistency in successful releases across languages," said executive director & group CEO Rajesh Mishra. "While some releases performed well, the underperformance of a few titles, along with a lack of successful Hindi films in September, contributed to muted advertising revenue. However, growth in theatrical and exhibitor revenue supported the overall performance, reaffirming the resilience of in-cinema entertainment. Looking ahead, with a strong lineup of upcoming releases such as Singham Again, Bhool Bhulaiyaa 3, Pushpa 2 etc, we are optimistic about building momentum in the upcoming quarters.”