UFO Moviez’ exhibition brand NOVA Cinemaz debuts in Uttar Pradesh

UFO Moviez’ exhibition brand NOVA Cinemaz debuts in Uttar Pradesh with Kunwar NOVA Cinemaz

NOVA Cinemaz, the exhibition brand of UFO Moviez, India’s largest digital cinema distribution network & in-cinema advertising platform, recently launched its first minplex, Kunwar NOVA Cinemaz in Gonda, Uttar Pradesh. The latest miniplex from NOVA comprises of 2 screens and a total seating capacity of 434 seats and began its operations on 6 September. Located in Kunwar Picture Palace, Circular Road, Janki Nagar, Gonda, UP, Kunwar NOVA Cinemaz has already become a one-stop entertainment destination for local movie buffs. Hindi movie - Chhichhore was screened in its opening week.

Kunwar NOVA Cinemaz is one of the most technologically advanced theatre with most modern amenities and facilities in the region. Equipped with the state-of-the-art projection & sound technology, it has revolutionized the cinema-viewing experience in Gonda. The theatre offers a mix of Bollywood and regional movies, all under one roof.

Kunwar NOVA Cinemaz leverages UFO Moviez' existing strength in industry relationships and its unmatched ability to seamlessly distribute film content across India. The multiplex offers world-class amenities which include:

•         Mesmerizing Ambience - State-of-the-art viewing experience

•         High-tech digital projection technology

•         Enhanced  with Dolby 7.1 Digital sound technology

•         Comfortable & spacious seating arrangement - Has a total seating capacity of 434 seats

•         Appetizing Snacks Options – Cafeteria

•         Trained ushers and housekeeping staff will add to the pleasant movie-viewing experience.

•         Ample Parking space

With this launch, NOVA Cinemaz now operates 49 screens at 23 properties in 21 cities across India. The other NOVA properties across India include - CineRoyale Cinemas-NOVA Cinemaz (Moga, Punjab) Rockstar NOVA Cinemaz (Virar, Maharashtra) Y Screens NOVA Cinemaz (Kovvur, Andhra Pradesh) NOVA Cinemaz (Nagpur, Maharashtra) Raj NOVA Cinemaz (Karjat, Maharashtra), Raj Mandir Nova Cinemaz (Jalna, Maharashtra), Niharika NOVA Cinemaz (Korba, Chhattisgarh, Vinay NOVA Cinemaz (Balod, Chhattisgarh), Kantishiva NOVA Cinemaz (Betul, Madhya Pradesh), Kantishiva NOVA Cinemaz (Sarni, Madhya Pradesh), Ankita Nova Cinemaz ( Bhuranpur, Madhya Pradesh), Pearl NOVA Cinemaz (Palampur, Himachal Pradesh), Aradhaya NOVA Cinemaz (Mundra, Gujarat), Prabhat NOVA Cinemaz (Raipur, Chhattisgarh), Neelam NOVA Cinemaz (Moga, Punjab), 4G NOVA Cinemaz (Mullanpur, Punjab), OHM Orbit NOVA Cinemaz (Fazilka, Punjab), NOVA Cinemaz (Doraha, Punjab) Dreamz Nova Cinemaz (Daryapur, Maharashtra), Shiraz NOVA Cinemaz (Hoshiarpur, Punjab) and  Mohan NOVA Cinemaz (Aurangabad, Maharashtra).

UFO’s asset-light franchise model, NOVA CINEMAZ, has been envisaged to stabilize the demand-supply gap in the local cinema business. The aim of NOVA is to make the movie-going experience affordable, entertaining and accessible. NOVA Cinemaz encourages local entrepreneurs to own and operate NOVA branded theatres in various parts of the country. As per the arrangement, the franchisee shall make the primary investment, and UFO shall ensure that the theatre is set up at a competitive cost.

UFO Moviez Reports Q4&FY19 Results

The Board declares/recommends 300% dividend

In Q4FY19, Advertisement Revenue grows 3.6% to ₹805 Mn

EBITDA up 13.8% to ₹656 Mn & PAT up 29.7% to ₹335 Mn

In FY19, Advertisement Revenue grows 11.1% to ₹2,372 Mn

EBITDA stood at ₹1,683 Mn & PAT up 5.9% to ₹665 Mn

 UFO Moviez India Limited, India’s largest digital cinema distribution network and in-cinema advertising platform in terms of number of screens, today, announced its financial results for the quarter and year ended March 31, 2019.

Financial Highlights:

Quarter ended March 31, 2019

Consolidated revenues increased by 19.7% to ₹1,939 (Q4FY18 – ₹1,620) million. EBITDA grew by 13.8% to ₹656 (Q4FY18 – ₹576) million. PBT was higher by 17.0% to ₹480 (Q4FY18 – ₹410) million and PAT grew by 29.7% to ₹335 (Q4FY18 – ₹259) million.

                

Advertisement revenue grew 3.6% to ₹805 (Q4FY18 – ₹777) million. Average advertisement minutes sold per show per screen stood at 6.85(Q4FY18 – 7.39) minutes.

Year ended March 31, 2019

Consolidated revenues increased by 3.3% to ₹6,169 (FY18 – ₹5,970) million. EBITDA stood at ₹1,683 (FY18 – ₹1,729) million, PBT was higher by 1.1% to ₹995 (FY18 – ₹984) million and PAT grew 5.9% to ₹665 (FY18 – ₹629) million.

Advertisement revenue grew 11.1% to ₹2,372 (FY18 – ₹2,136) million. Average advertisement minutes sold per show per screen grew to 5.54 (FY18 – 5.19) minutes.

“We are pleased with UFO’s advertisement performance and earnings growth in fiscal year 2019,” said Kapil Agarwal, Joint Managing Director. “Our performance demonstrates our continued ability to deliver on our advertisement objectives, with Corporate advertisement revenues growing 15% during the year. In line with the Company’s capital distribution philosophy, the Board has enhanced the dividend to 150% for the fiscal year 2019. Further, in view of the accumulated cash available with the Company, the Board has also declared a one-time special interim dividend of 150%. UFO has established the building blocks to capitalize on opportunities and deliver long-term growth.” 

UFO Moviez Reports Q4&FY19 Results

The Board declares/recommends 300% dividend

In Q4FY19, Advertisement Revenue grows 3.6% to ₹805 Mn

EBITDA up 13.8% to ₹656 Mn & PAT up 29.7% to ₹335 Mn

In FY19, Advertisement Revenue grows 11.1% to ₹2,372 Mn

EBITDA stood at ₹1,683 Mn & PAT up 5.9% to ₹665 Mn

UFO Moviez India Limited, India’s largest digital cinema distribution network and in-cinema advertising platform in terms of number of screens, today, announced its financial results for the quarter and year ended March 31, 2019.

Financial Highlights:

Quarter ended March 31, 2019

Consolidated revenues increased by 19.7% to ₹1,939 (Q4FY18 – ₹1,620) million. EBITDA grew by 13.8% to ₹656 (Q4FY18 – ₹576) million. PBT was higher by 17.0% to ₹480 (Q4FY18 – ₹410) million and PAT grew by 29.7% to ₹335 (Q4FY18 – ₹259) million.

                

Advertisement revenue grew 3.6% to ₹805 (Q4FY18 – ₹777) million. Average advertisement minutes sold per show per screen stood at 6.85(Q4FY18 – 7.39) minutes.

Year ended March 31, 2019

Consolidated revenues increased by 3.3% to ₹6,169 (FY18 – ₹5,970) million. EBITDA stood at ₹1,683 (FY18 – ₹1,729) million, PBT was higher by 1.1% to ₹995 (FY18 – ₹984) million and PAT grew 5.9% to ₹665 (FY18 – ₹629) million.

Advertisement revenue grew 11.1% to ₹2,372 (FY18 – ₹2,136) million. Average advertisement minutes sold per show per screen grew to 5.54 (FY18 – 5.19) minutes.

“We are pleased with UFO’s advertisement performance and earnings growth in fiscal year 2019,” said Kapil Agarwal, Joint Managing Director. “Our performance demonstrates our continued ability to deliver on our advertisement objectives, with Corporate advertisement revenues growing 15% during the year. In line with the Company’s capital distribution philosophy, the Board has enhanced the dividend to 150% for the fiscal year 2019. Further, in view of the accumulated cash available with the Company, the Board has also declared a one-time special interim dividend of 150%. UFO has established the building blocks to capitalize on opportunities and deliver long-term growth.”