For the quarter ended December 2015, the consolidated net sales grew by 17% at Rs 145.2 crore. The net profit level inclined by 1% to Rs 16 crore.

The consolidated core net sales excluding VDSPL grew by 16% at Rs 143.7 crore. The net profit level inclined by 24% to Rs 19.7 crore

Advertisement revenue grew 15% to Rs 40.6 crore. Average advertisement minutes sold per show per screen increased to 4.36 (Q3 FY15 - 3.97) minutes during the quarter.

VPF revenue from E-cinema grew by 8% to Rs 25.6 crore and from D-cinema de-grew by 1% to Rs 38.1 crore. Lease rental income from E-cinema grew by 9.5% to Rs 10 crore and from D-cinema grew by 7% to Rs 3.7 crore.

Total sales of products increased by 118.5% to Rs 19.8 crore,

Theatrical revenues sustained healthy momentum led by rate hike in H1 FY16 and wider movie releases during the festival season. In-cinema advertising continued to deliver healthy performance, driven by volume-led sales growth.

High volume and higher e-cinema revenue led to higher sales.

The company saw 23% growth in corporate ad revenue while government was flat in Q3. The mgmt said that Q3 is always a good quarter due to festive season. It hopes to see improvement in government ad revenue in Q4.

The company launch UFO Frames. It will be an extension to the existing UFO Moviez in-cinema advertising. It will enable local businesses to reach out to their audience more effectively and economically. Retail advertisers will be able to create, personalize and launch campaigns on local movie screens.

UFO Framez rate is substantial higher than current one. Yield per rate will go up when UFO Framez start from next year.

Caravan Talkies added 67 van added in 9m, There was revenue of Rs 2.61 crore in 9M and Rs 1.3 crore for Q3. Caravan Talkies is expected to cash breakeven in H2FY17

Net debt stood at Rs 18.6 crore.

Ad revenue growth less than PVR as the company revenue come from government and corporate vs PVR's only from corporate. Corporate ad revenue in Q3 is usually strong usual while government is weak. Generally sees heavy spending by government in Q4.

The mgmt expects good growth in government and corporate ad revenue in Q4.

There was 28.5% growth in ad revenue in 9M. The mgmt expects a 35% growth in ad revenue in FY16.

15 states now advertised with the company

Ad revenue is booked on perceived success of movie.

Sales of products are uneven. One has to look it on annual basis. Q2 has seen good growth. Lamp sales are consumable item whose sales are predictable.

Equipment business has 17% margin at EBIDTA level. Service business margin is higher than product business.

Caravan Talkies had 114 total number of van in January 2016. In last 1 year, top 20 advertisers experimented with this van. Currently, it has 10-12 advertisers advertising.

The company in total has 1700 advertisers.

The ad time period per show is 25 min as of now. Footfall on an avg. per show is around 200. Ad rate is around Rs 110- 120 per sec. on spot. 40 -50% inventory is taken by sponsor

Capex on van is Rs 15 lakh all inclusive.

The mgmt expects to stabilize Caravan Talkies business in Q4 and H1 FY17. Not to add any more van this year. Focus on stabilizing present 114 vans. The mgmt said that it will not going for 300 vans number by end of FY17. This business is expected to cash breakeven during the second half of fiscal 2017.

Caravan Talkies is mainly focus on non-south region.

Capex for FY16 and FY17 is Rs 60- 65 crore excluding for Caravan. Capex incurred for 9M was Rs 45 crore.

Expects advertisement revenue growth of 29-30% for FY17

The company has taken in regional movie (non southern movie) in E- cinema VPF toward end of Q2. But regional contribution is small, so growth is small.