UFO Moviez is on our radar after the company posted a weak set of Q3 earnings. The EBITDA is down 19 percent and operating profit margins have also declined for the company this quarter
In an interview with CNBC-TV18, Kapil Agarwal, Joint Managing Director of UFO Moviez spoke about the results and his outlook for the company.
Rates have been more or less constant. We have not been able to push the rates up in the corporate sector because of the impact of goods and services tax (GST), demonetisation because we are working on volumes first than the prices, he said.
Next year will see around Rs 15 crore decline in virtual print fee, he added.
Speaking of Padmaavat, he said that the company has lost a big chunk of revenue due to delay in release of the movie.
In terms of the overall advertising revenue, Q4 should be better than Q3 because the impact of demonetisation and GST is slowly waning away, he further mentioned.
For full interview, watch accompanying video...
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