 "UFO Moviez India falls 7% on disappointing Q2 results")
UFO Moviez India dipped 7% to Rs 453 on the BSE after reporting 44% decline in net profit at Rs 11.3 crore in September quarter (Q2FY18), due to lower operational revenue. The company had a profit of Rs 20 crore in the same quarter last year.
Revenue from operations declined 12.8% to Rs 139 crore from Rs 159 crore in the corresponding quarter of previous fiscal. EBITDA (earnings before interest, taxes, depreciation and amortization) margins down 780bps to 27.1% in Q2FY18 from 34.9% in Q2FY17.
The company said Q2FY18 was one of the toughest quarters, advertisement revenues declined
Revenue from operations declined 12.8% to Rs 139 crore from Rs 159 crore in the corresponding quarter of previous fiscal. EBITDA (earnings before interest, taxes, depreciation and amortization) margins down 780bps to 27.1% in Q2FY18 from 34.9% in Q2FY17.
The company said Q2FY18 was one of the toughest quarters, advertisement revenues declined
