Meanwhile, the S&P BSE Sensex was down 219.90 points, or 0.79%, to 27,761.81

On BSE, so far 24,411 shares were traded in the counter, compared with average daily volume of 56,493 shares in the past one quarter. The stock hit a high of Rs 572.85 and a low of Rs 549.45 so far during the day. The stock hit a record high of Rs 643 on 4 August 2015. The stock had underperformed the market over the past one month till 2 August 2016, rising 1.71% compared with 3.08% rise in the Sensex. The scrip, however, outperformed the market in past one quarter, gaining 12.25% as against Sensex's 10% rise.

The small-cap company has an equity capital of Rs 27.60 crore. Face value per share is Rs 10.

Commenting on the first quarter results, Kapil Agarwal, Joint Managing Director of UFO Moviez India said that the company's profitability was negatively impacted due to planned losses in Caravan Talkies. Efforts to improve Caravan revenues have further intensified, he said adding that this should lead to Caravan Talkies achieving cash breakeven in the second half of year ending 31 March 2017.

UFO Moviez India is India's largest digital cinema distribution network and in-cinema advertising platform in terms of number of screens.