Movies

Eros International reports higher income, profit in Q3-2014

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/movie-images/2014/02/14/Eros.jpg?itok=zl3QYiGM

BENGALURU: Eros International Media Limited (Eros) posted 17.2 per cent y-o-y consolidated operating income at Rs 432.68 crore in Q3-2014 as compared to the Rs 369.33 crore in last year’s quarter and was more than double (2.15 times) the operating income of Rs 201.05 crore in the immediate trailing quarter. Over the nine month period that ended 31 December, 2013, Eros reported a 4.2 per cent drop in operating income from Rs 855.63 crore to Rs 820.05 crore in the corresponding period of the previous year. Operating Income for FY 2013 was Rs 1067.95 crore.

The company’s PAT in Q3-2014 at Rs 91.99 was 41.1 per cent higher as compared to the Rs 65.2 crore in Q3-2013 and also more than double (2.48 times) the Rs 36.97 crore in Q2-2014. YTD, PAT for the current quarter was up by 29 per cent to Rs 158.30 crore as compared to Rs 122.71 crore in last year’s nine month period. For FY 2013, Eros reported PAT of Rs 154.53 crore.

Eros Managing Director Sunil Lulla said, “The company has showcased its success with releases such as Ram Leela, R…Rajkumar, Grand Masti, Raanjhaana, Krissh 3 (Overseas), Yeh Jawaani Hai Deewani (Overseas) and Phata Poster Nikla Hero (Overseas). These releases are continuously being monetised over several distribution platforms. With a diversified mix of high budget and moderately budgeted-high concept movies in our future movie stale, we believe that we will exhibit sustained success in the future as well.”

Let us look at the other Q3-2014 figures reported by Eros:

Consolidated total expense for Q3-2014 at Rs 298.4 crore was 6.5 per cent more than the Rs 280.27 crore in Q3-2013 and almost double (1.97 times) the expense of Rs 151.16 crore in the immediate trailing quarter. Year-to-Date (YTD), Eros reported expense of Rs 597.64 crore, which was 11.6 per cent lower than the Rs 675.95 crore in the corresponding nine month period of last year. In FY 2013, Expense was Rs 848.13 crore.

Earnings before Income & Tax (EBIT) reported by the company for Q4-2014 at Rs 135.25 crore was up by 50.5 per cent as compared to the EBIT of Rs 89.86 crore in Q3-2013 and also more than double (2.68 times) the Rs 50.31 crore in Q2-2014. YTD, EBIT at Rs 231.69 crore was 25.6 per cent more than the Rs 184.47 crore in the corresponding nine months of the previous year. For FY 2013, Eros EBIT was Rs 226.22 crore.

Eros Finance cost for Q3-2014 at Rs 7.39 crore was almost triple (2.84 times) the Rs 2.6 crore in Q3-2013 and 19.2 per cent more than the Rs 6.2 crore in Q2-2014. YTD, the company’s finance cost was more than double (2.44 times) at Rs 18.2 crore as compared to the Rs 7.44 crore in the corresponding nine months of the previous year. In FY 2013, Eros paid finance costs of Rs 9.22 crore.

The company says that 41 films (15 Hindi, 25 Tamil and 1 other regional) were released during the nine month of FY 2014 as compared to 60 (26 Hindi, 32 Tamil and 2 other regional) films in during nine month FY 2013. It says that strong theatrical revenues during 9M FY 2014 have showcased the success of overseas releases, namely: Ram Leela, R…Rajkumar, Grand Masti, Raanjhaana, Krissh 3, Yeh Jawaani Hai Deewani and Phata Poster Nikla Hero.

Click here for release

Click here for financial

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/09/25/bhoomi2.jpg?itok=qW_Vsdvs
Indifference of movie-goers

*Bhoomi was chosen to be the re-launch vehicle of Sanjay Dutt on his return from serving a jail sentence. The subject could not have been a romance considering his age and the receding hairline. And, Munnabhai scripts are not something you picked off the shelf! Omung Kumar earned fame with his...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/09/23/Rahul_Jain.jpg?itok=GIGUw3GR
Sundance, World Cinema award-winning Indian docu 'Machines' to premiere at MAMI

MUMBAI: After making the World Premiere at Sundance Film Festival 2017 and bagging the World Cinema Documentary Special Jury Award for excellence in Cinematography, Rahul Jain’s internationally acclaimed directorial debut documentary feature, Machines to make its India Premiere in the competition...

Movies Documentary
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/09/23/PVR_watermark.jpg?itok=t7MDjOnQ
PVR watermark and trained staff help detect piracy, says Sanjeev Bijli, targets 1000 screens by '20

NEW DELHI: It had always been a favourite meeting place until it closed down over a decade ago, and it was sorely missed. The Chanakya cinema was the only theatre in Chanakyapuri -- the capital’s diplomatic enclave -- and so it exhibited either English or blockbuster films. But, an unseemly dispute...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/09/23/wildlife_film_1.jpg?itok=m7d0aHZ_
A chartered accountant, a wildlife film, international awards and buyers...

You may have not heard of this chartered accountant and lawyer who transformed himself into a wildlife filmmaker.

Movies Documentary
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/09/22/haseena-parkar.jpg?itok=CZ3QyHg9
Haseena Parkar....Who!

Director Apoorva Lakhia seems to be getting excited about all the wrong ideas. Last time, he watched the 2004 Hollywood film, Man On Fire, came back jet speed to India and launched a Hindi ‘remake’.

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/09/22/bhoomi.jpg?itok=zMl4fjEM
Bhoomi....80s revisited

Bhoomi, directed by Omung Kumar, is a throwback to the 1980s era when the villain and his cohorts would rape a hero’s sister and he would take revenge against them.

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/09/18/simran.jpg?itok=HFk84h3_
It's a dull period for films

No happy news for either the exhibitors or the trade in general, so far. The poor run of films continues and, releasing new films in this dull period, adds to the woes.

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/09/16/Sushilkumar_Agrawal.jpg?itok=jNF6xKxo
TV and film exporters' council plans 'content certification', elects Ultra's Agrawal and Shemaroo's Gada

NEW DELHI: The Indian Council of IMPEX for Films and TV Programmers, at its Annual General Meeting, has elected Sushilkumar Agrawal, Ultra Media and Entertainment CEO, as the president.

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/09/15/simran.jpg?itok=3GJ6W2kf
Simran: Ill-defined

Gujarati NRI family or a Gujarati abroad seems to be the current theme for filmmakers. We recently had Jab Harry Met Sejal and this week has seen the release of Simran.

Movies Hindi

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories