UFO Moviez India Limited (UFO) Earnings Call Transcript & Summary

Ladies and gentlemen, good day, and welcome to the UFO Moviez India Limited Q4 and FY '25 Earnings Conference Call hosted by Ventura Securities Limited. [Operator Instructions] Please note that this conference is being recorded. Before we begin, I would like to point out that this conference call may contain forward-looking statements about the company, which are based on the beliefs, opinions and expectations of the company as on date of this call. These statements do not guarantee the future performance of the company, and it may involve risks and uncertainties that are difficult to predict. I would now like to hand over the floor to Tushar from Ventura Securities. Thank you, and over to you, Tushar.

Thank you. Good day, ladies and gentlemen. On behalf of Ventura Securities, I welcome you all to UFO Moviez Limited Q4 and FY '25 Earnings Conference Call. The company is today represented by Mr. Rajesh Mishra, Executive Director and Group CEO; and Mr. Ashish Malushte, Chief Financial Officer. I would now like to hand over the call to Mr. Rajesh Mishra for his opening remarks. Thank you, and over to you, sir.

Thank you, Tushar. Greetings, everyone, and thank you all for joining our Q4 and FY '25 earnings call. Q4 has delivered a mixed performance with clear shifts in audience preferences. While big budget films like Sky Force and Deva were expected to lead, it was regional cinema that outperformed. The Telugu film, Sankranthiki Vasthunam and the Tamil Drama, Kudumbasthan, saw strong box office results across key markets, highlighting the increasing pan-India appeal of regional content. In contrast, several Hindi titles underperformed. Films such as Emergency, Fateh and Azaad failed to meet the expectations, reflecting the ongoing unpredictability in the Hindi centrical segment. February was one of the stronger months of the quarter. Chhaava, starring Vicky Kaushal became one of the top performing Hindi films of the year. In the South, the Tamil action film Dragon also did well in sector steady box office numbers. However, not all offices were eligible for box office numbers, however, not all releases were unsuccessful. Films like Loveyapa and Badass Ravikumar and Mere Husband Ki Biwi did not meet expectations, showing that mid-budget titles continue to face challenges in attracting audiences. March was relatively muted despite strong anticipation. Sikandar starring Salman Khan fell short of expectations and did not meet initial forecast. Overall, FY '25 got a diverse mix of critical releases across languages and genres, while only a handful of films delivered strong box office results. The year reflected the industry's efforts to better understand and respond to shifting audience perferences. There was a clear push towards more varied and innovative story telling, we believe is a step in the right direction. In FY '25, a total of 1,808 movies were released, including versions across languages, against 2,117 moves in FY '24. During Q4 FY '25, 458 movies were released compared to 550 in Q4 FY '24 and 404 in Q3 FY '25. On the screen network, our advertising footprint now stands at 3,821 screens. This includes 2,250 multiplex screens and 1,571 single screens. Compared to the same period last year, the total count has reduced by 38 screens, and there has been a quarter-over-quarter reduction of 42 screens. Turning to the key figures for the quarter and year-ended March 2025. The consolidated revenue for Q4 FY '25 stood at INR 940 million compared to INR 1,192 million in Q4 FY '24 and INR 1,387 million compared to Q3 FY '25. EBITDA stood at INR 118 million compared to INR 152 million in Y-o-Y and INR 305 million compared to Q3 FY '25. The company has reported a net loss of INR 7 million in Q4 FY '25 compared to net profit of INR 62 million in Q4 FY '24 and a net profit of INR 153 million in Q3 FY '25. Regarding year-end performance, consolidated revenue amounted to INR 4,240 million compared to INR 4,101 million in FY '24. EBITDA for FY '25 was INR 591 million compared to INR 676 million in FY '24. On the PAT front, the company reported a net profit of INR 96 million in FY '25 against a net profit of INR 165 million in FY '24. The consolidated cash at the year-end was INR 1,156 million and the net cash was INR 483 million after considering outstanding debt. Looking ahead, although the quarter began on a mixed note with the release of Jatt, Ground Zero, Kesari Chapter 2, and Raid 2. Our upcoming content pipeline is strong and diverse featuring highly anticipated title such as Bhool Chuk Maaf, Karate Kid: Legends, Housefull 5, Kuberaa, Sitaare Zameen Par, Sardaar Ji 3, Thug Life, et cetera. With this promising [indiscernible], we remain opportunistic about regaining momentum and delivering a stronger performance in the coming quarter. Also during the quarter, the company has initiated a strategic restructuring and enhancing operational efficiency, accelerating growth and building leadership as part of this effort. 2 strategic business units have been established to streamline, focus and execution. Senior leaders have transitioned into mentorship roles to support the ship, ensuring that operations are better aligned with our long-term vision and evolving market dynamics. I would like to take this opportunity to thank all our shareholders for their continued trust in the company. With that, I open the floor to take your questions. My colleague, Mr. Ashish Malushte, Chief Financial Officer; and Mr. Siddharth Bhardwaj, CEO; and I will be happy to take your questions. Thank you.

[Operator Instructions] Thank you. Now I hand over the floor to Mr. Rajesh Mishra for closing comments.

Thank you all for joining today's call. Our teams are available to provide any further information or clarification you may need. We appreciate your time and continued support. Thank you very much, everyone.

Thank you, sir. Ladies and gentlemen, this concludes the conference call for today. Thank you for your participation. You may disconnect your lines now. Thank you, and have a good day.