Movies

Eros Q2 net skids 41.5% to Rs 266.7 mn

MUMBAI: Eros International Media, the pure play movie production company, has posted a consolidated second-quarter net profit of Rs 266.7 million, down 41.5 per cent from Rs 455.9 million it had posted in the corresponding quarter of the previous fiscal.


The company‘s total income fell 6 per cent to Rs 1.75 billion for the three-month period ended September (from Rs 1.87 billion).


Eros‘ earnings before interest and taxes (EBIT) for the quarter was at Rs 407.4 million, down 27.7 per cent from Rs 563.6 million in the earlier year.


Ebit margins stood at Rs 23.2 per cent, compared to Rs 30.2 million a year ago.


During the first half of the current fiscal, consolidated net profit fell 16.9 per cent to Rs 500 million, as against Rs 601.4 million in the first half of FY‘11. Total income was at Rs 3.38 billion compared to Rs 3.13 billion in the earlier year.


In the first half, Eros has released 42 films of which majority were in Tamil. Among the Hindi films, the company released Ready, Chalo Dilli, Zindagi Na Milegi Dobara, Murder 2 and Mausam.

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