Movies

Eros Q3 net jumps 48% to Rs 651 mn

MUMBAI: The pure play film producer and distributor company Eros International has reported a 48 per cent jump in consolidated net profit (before minority interest) on the back of commercially successful movies like Ra.One and Rockstar for the third quarter ending 31 December 2011.


Eros has posted a net profit of Rs 650.9 million in the quarter, as against a net profit of Rs 439.9 million in the year-ago period.


Total income during the quarter under review went up 44.8 per cent to Rs 4.12 billion, compared to Rs 2.84 billion it had posted in the corresponding quarter of the previous fiscal.


Eros’ Ebit for the quarter stood at Rs 1.03 billion, up 57.1 per cent, compared to Rs 653.5 million a year ago.


Eros International Media MD Sunil Lulla said, “Eros International has performed well for Q3 FY2012 on account of successful releases such as ‘Ra.One’, ‘Rockstar’ and ‘Desi Boyz’."


We are continuing to enhance our existing film slate by further adding new films such as Kochadaiyaan starring Rajinikanth, Yohan Adhayam Ondru starring Vijay, Go Goa Gone to name a few to our existing film slate which includes ‘Housefull 2’, ‘Cocktail’, ‘Khiladi 786’, ‘Hum Se Pyar Kar Le Tu’ and many others that also include regional language releases, thus maintaining a leadership position in this rapidly evolving sector.


Eros has announced that it has over 50 films on its slate which will be released during 2013 and 2014. It expects to release 7-8 Hindi movies in the next six to nine months, prominent among them being Agent Vinod, Khiladi 786 and Housfull 2 among others.


"We continue to focus on making advances towards regional movie releases including Tamil and Punjabi movies in order to widen the overall product portfolio by adding a few Tamil movies on global scale. With regards to this, we recently announced a co-production deal with Media One for Kochadayiaan starring Rajinikanth and Photon Kathaas Productions for a Tamil film titled ‘Yohan: Adhyayam Ondru’ starring Vijay."

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