Q1-2016: Eros International revenue doubles at Rs 480.6 crore, PAT up 49%

MUMBAI: Eros International Media Limited’s revenue for the quarter ended 30 June, 2015 almost doubled at Rs 480.6 crore, which was 96.5 per cent more than Rs 244.6 crore in Q1 FY15.

The company’s profit after tax (PAT) was up 48.9 per cent at Rs 53.40 crore in Q1 2016 as against Rs 35.8 crore in the same quarter previous year. The EBIT at Rs 96.3 crore went up by 60.70 per cent. 

The company released a total of 16 films during the quarter as compared to nine in Q1-2015.

Eros International Media executive vice chairman and managing director Sunil Lulla said, “We have had an excellent start to fiscal 2016 with the resounding success of Tanu Weds Manu Returns and our other major new releases, Uttama Villian, Masss, Dil Dhadakne Do (overseas) and Gabbar (overseas), doing well. The portfolio performance reinforces our strategy of investing in content-driven films, which are prudently budgeted and then extensively monetized across traditional and emerging platforms.”

“As a strategy, we continue to diversify our presence across different film genres, budgets and languages. Further, strong pre-sales for our films remains one of the cornerstones of our strategy,” he added.  

“The start to the second quarter has been exceptional with multiple-record breaker Bajrangi Bhaijaan delivering a worldwide gross of over Rs 5 billion. Last week’s Telugu release, the Mahesh Babu starrer Srimanthudu has opened to record breaking box office numbers. In addition, we have a compelling line-up for the remainder of the year featuring high-profile and promising movies such as Bajirao MastaniWelcome Back, Hero, Gabbar Singh 2, 24 amongst a host of other Hindi and regional movies,” he said.

“Our leadership position in the nascent Indian Media and Entertainment industry, which is witnessing positive structural trends, backed by an expansive library of movies should enable us to create significant value for all our stake holders going forward,” informed Lulla. 

  • Diversified revenue mix
    • Theatrical Revenues contributed – 51.5 per cent, Overseas Revenues – 27 per cent and Television & Others – 21.5 per cent as a percentage of Total Income.
  • Top 2 Hindi Box Office movies in CY2015 are Eros Films
    • Bajrangi Bhaijaan released in Q2 FY16 crossed the coveted Rs 300 crore net box office in India and the worldwide gross is over Rs 500 crore, smashing multiple records.
      • Fastest Rs 100 crore, Rs 150 crore, Rs 200 crore and Rs 250 crore movie in Bollywood history
      • Highest single day collection of Rs 38.75 crore for any film in India
      • Highest Monday figures of Rs 27.05 crore in India
    • The medium budget movie - Tanu Weds Manu Returns released in Q1 FY16 was the first film of CY2015 to cross the Rs 100 crore mark, and has set new ROI benchmarks in the industry.

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