UFO MOVIEZ INDIA LTD.

Operates India's largest in-cinema advertising and digital cinema distribution network, monetising both screen advertising and digital cinema equipment sold to theatres. Advertising is the primary revenue engine, with advertisement revenue growing 33% YoY in Q1 FY27 to Rs 373 mn, supported by a network of 3,891 screens across 1,300 cities and reach of about 1.7 billion viewers annually; advertiser commitments are increasingly locked in on annual deals, partly driven by tentpole films such as Dhurandhar: The Revenge. A second stream is the sale of digital cinema products and equipment to exhibitors, which dipped roughly Rs 7 cr YoY in Q1 FY27 due to Dubai-related shipping delays from the war situation. A third exhibitor-linked revenue stream declined 12% YoY in Q1 FY27. The largely discontinued Caravan business was fully shut down with assets sold for Rs 2-3 crore. The biggest cost burdens are other operating expenses at 40.9% of revenue and employee costs at 19.6%, with FY26 employee cost rising on Rs 9 crore of variable payouts tied to improved profitability. The company shares a meaningfully higher share of revenue with multiplex partners now (~59.5%) compared with the historical ~33% on single screens, making the revenue mix sensitive to the multiplex-versus-single-screen split.