UFO Moviez shares plunged over 8 per cent on Wednesday after the company reported 25.89 per cent fall in consolidated net profit at Rs 9.82 crore for the quarter ended June 30, 2016 against Rs 13.25 crore in the corresponding quarter a year ago. However, gross sales of the company jumped by 2.64 per cent to Rs 133.76 crore for the quarter under review against Rs 130.32 crore in the same quarter last year. During April-June 2016, consolidated operating profit of the company fell by 7.03 per cent year-on-year to Rs 38.61 crore from Rs 41.53 crore in the same period of last fiscal. On a standalone basis, net\u00a0profit of the company fell by 1.96 per cent year-on-year to Rs 8.01 crore, while net sales jumped by 7.67 per cent yoy to Rs 88.27 crore for the quarter ended June 30, 2016. The share price of the company closed 8.83 per cent down at Rs 528.35. The scrip opened at Rs 571.90 and has touched a high and low of Rs 572.85 and Rs 521.40, respectively, in trade. Benchmark BSE Sensex closed 284.20 points down at 27,697.51.