BENGALURU: Indian digital cinema distribution network and in-cinema advertising platform, UFO Moviez Limited (UFO) reported a 16.5 percent YoY growth in consolidated income from operations (TIO) for the quarter ended December 31, 2015 (Q3-2016, current quarter) at Rs 144.49 crore as compared to Rs 124.05 crore, but declined 2.5 percent as compared toRs 148.25 crore. The company reported 1.1 percent higher YOY operating profit or EBIDTA for the current quarter at Rs 44.15 crore (30.6 percent margin) as compared to Rs 43.67 crore (35.2 percent margin) , but declined 1.1 percent as compared to Rs 44.66 crore (30.1 percent margin). Note: 100,00,000 = 100 lakh = 10 million = 1 crore. The company’s PAT in Q3-2016 increased 1.1 percent YoY to Rs 16.03 crore (11.1 percent margin) as compared to Rs 15.85 crore (12.8 percent margin) and declined 2.6 percent QoQ as compared to Rs 16.46 crore (11.1 percent margin). “In the third quarter of fiscal 2016, UFO continued to deliver healthy growth in core business revenues and profits,” said UFO founder and managing director Sanjay Gaikwad, “Theatrical revenues sustained healthy momentum led by rate hike in H1FY16 and wider movie releases during the festival season. In-cinema advertising continued to deliver healthy performance, driven by volume-led sales growth. We launched UFO Framez today by opening registration for DSA’s across India. The excitement for UFO Framez is incredible and we believe that in-cinema advertising will get impetus from the retail advertisement opportunity.” “We made substantial progress during the quarter operationally as well as strategically,” said UFO Kapil joint managing director Agarwal,. “Our focus on leveraging on our existing platform continued to deliver positive results. Simultaneously, we continued to expand our synergistic business Caravan Talkies. We added 67 new vans during the period, expanding our network through 91 districts. This business is expected to cash breakeven during the second half of fiscal 2017. Overall, we aim to build momentum in both core and new businesses and are excited about the future growth prospects of UFO Moviez.” Let us look at the other expenses reported by the company. Total Expenses in Q3-2016 at Rs 119.62 crore (82.8 percent of TIO) increased 19.9 percent YoY as compared to Rs 99.73 crore (80.4 percent of TIO) and was 2.9 percent lower QoQ as compared to Rs 123.22 crore (83.1 percent of TIO). The company’s expense towards purchase of digital cinema equipment and lamps in the current quarter more than doubled (2.35 times) YoY to Rs 18.21 crore (12.6 percent of TIO) as compared to Rs 7.74 crore (6.2 percent of TIO), but reduced 25.8 percent as compared to Rs 24.55 crore (16.6 percent of TIO). The company paid 13.3 higher amount towards advertisement revenue share in Q3-2016 at Rs 11.65 crore (8.1 percent of TIO) as compared to Rs 10.28 core (8.3 percent of TIO) in the corresponding year ago quarter and was 3.2 percent more QoQ than the Rs 11.29 crore (7.6 percent of TIO) . Further, the company paid 6.7 percent YoY more towards VPF share at Rs 18.18 crore (12.6 percent of TIO) as compare to Rs 17.04 crore (13.7 percent of TIO), but declined 9.1 percent as compared to Rs 19.99 crore (13.5 percent of TIO).