Despite lower revenues, Eros International delivers blockbuster results for Q1-2014

BENGALURU: Last year (FY-2013), the company entered the Rs 1000 crore club with revenue of Rs 1067.75 crore. In Q1-2014, three movies - Raanjhaana, Go Goa Gone (GGG) and Yeh Jawani Hai Diwani (YJHD) raked in the moolah at the box office for Eros International Media Limited (Eros).

The company says that theatrical revenues during Q1-2014 have showcased the success of global releases of Raanjhaana, GGG and YJHD (Overseas). Raanjhaana achieved an impressive box office collection of Rs 100 crore worldwide; YJHD had an overseas collection of more than Rs 60 crore, while GGG had a worldwide collection of Rs 43 crore.

Eros announced consolidated income for Q1-2014 at Rs 194.2 crore, 25.1 per cent lower than the Rs 259.3 crore during the corresponding period in 2013 (Q1-2013) and 9.2 per cent lower than the Rs 213.9 crore for Q4-2013 (q-o-q).

During Q1-2014, Eros released 12 films - (seven Hindi and five Tamil and other regional languages), almost half of the 23 films - (five Hindi and 18 Tamil and other regional films) in Q1-2013 and almost a third less than the 17 films - (four Hindi and 13 Tamil and other regional films) in Q4-2013.

Eros managing director Sunil Lulla said, “Eros has delivered an encouraging Q1-2014 result in context of the film mix that it released in the Q1-2013. Raanjhaana, YJHD and GGG all delivered at the box office and were subsequently monetised through other revenue streams as well. Relative to their budget, the mix of films performed extremely well and demonstrates our ability to scale and change our mix to take advantage of market trends.

Let us look at some of Eros’ other figures for Q1-2014

Expense for Q1-2014 at Rs 148.03 crore was 28.5 per cent lower than the Rs 207 crore for Q1-2013 and 14 per cent lower than the Rs 172.21 crore for Q4-2013.

Earnings before interest and tax (EBIT) for Q1-2014 at Rs 46.1 crore was 11.9 per cent lower than the Rs 52.3 crore for Q1-2013 and 10.4 per cent more than the Rs 41.75 crore for Q4-2013.

PAT (after minority) for Q4-2014 at Rs 29.3 crore was 6.7 per cent lower than the Rs 31.4 crore in Q1-2013 and 7.9 per cent lower than the Rs 31.8 crore for Q4-2013.

Lulla said, “We are really excited about our collaboration with HBO and believe that the two premium channels will gain momentum with subscribers as we launch on further DTH and digital cable platform. The industry trends are testimony that premium content will be an important factor to drive demand and we are proud to be forerunners in that space.”

“We continue to expand our film content through our diversified approach of acquiring a healthy mix of movies. Our current future slate remains well-funded and we have several high profile movies lined up like Kochadiyan, Ram Leela, Rambo Rajkumar, Happy Ending and a number of high concept movies that are slated to be released in FY-2014. Our business has a natural Q3 skew due to film releases around the festival season and this year is no different and we remain positive on the outlook for FY-2014,” added Lulla.

Click here for EROS - Financial Report

Click here for EROS - EROS - Earnings Release

Latest Reads
News18 Network launches multimedia campaign to strengthen its position

MUMBAI: News18 Network, has announced the launch of its mega campaign 18=1. The Network, which once comprised of channels such as CNN-IBN, ETV, IBN7 and IBN-Lokmat, recently consolidated all its general news channels under the News18 Brand. This has allowed the Network to develop one, seamless...

Television TV Channels News Broadcasting
Guest column: TV Analytics on Colors Tamil

Viacom’s entry into a new regional market with channel Colors Tamil has made big news since its launch in February this year. With its sampling phase for content still running, the channel’s performance has a dynamic impact on the regional television landscape. We studied the key viewership...

Television TV Channels Regional
Mukta A2 Cinemas launches the newly acquired SunCity Multiplex

Mukta A2 Cinemas, a well known chain of cinemas from the brand Mukta Arts Ltd, announces the launch of its new property SunCity Mukta A2 Cinemas, located at Vile Parle, Mumbai. The launch took place on 15th June 2018 and was celebrated with the release of this month’s most awaited action-drama,...

Television TV Channels English Entertainment
Polimer TV, Gemini Movies make presence felt in BARC's week 23 data

MUMBAI:  Polimer TV, Tamil language satellite television channel and Gemini Movies, a Telugu movie channel of Sun Network, were the two new entrants in the Tamil and Telugu markets after BARC released its ratings for week 23. Star Jalsha and Zee Marathi topped their respective markets, while the...

Television TV Channels Regional
Sun TV, Zee Anmol almost neck-to-neck in across genres

BENGALURU: Zee Entertainment Enterprises Limited (Zeel) free to air (FTA) Hindi general entertainment channel (Hindi GEC) Zee Anmol entered the bastions held by either the Sun TV Network’s flagship Tamil GEC Sun TV or the channel that aired the Indian Premier League (IPL) in week 21 of 2018. Zee...

Television TV Channels Viewership
With four elections due, networks with regional news channels set to benefit

With four key assembly elections lined up towards the end of the year, India's regional news channels could be laughing their way to the bank. In a bid to maximize their revenues, channels are in the process of sprucing up their programming and hiking ad rates. iTV Network, Network18, Zee News...

Television TV Channels Regional
Markand Adhikari re-appointed by TV Vision as MD for three years

TV Vision has re-appointed Markand Adhikari as managing director of the company for next three years. The appointment is subject to approval from the members at the ensuing General Meeting of the company.

Television TV Channels People
BARC Data: Republic TV continues to lead English news

Arnab Goswami’s Republic TV continued to dominate the English news market in the latest All India Broadcast Audience Research Council’s (BARC) week 23 rantings. While Aaj Tak led the charts in two Hindi news markets, News 18 India replaced ABP News in top five in the rural segment.

Television TV Channels Viewership
Colors emerges leader in GEC urban in BARC's week 23 data

Viacom18's free to air (FTA) channel Rishtey witnessed a drop of five places, from second to seventh, as compared to last week in Broadcast Audience Research Council (BARC) data for week 23 of 2018 in the Hindi GEC (U+R) market. While Sony Pal and Rishtey exchanged their second and third positions...

Television TV Channels Viewership

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories