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Eros International reports lower numbers for Q1 2019

Consolidated Op Rev, EBITDA, PAT down 16%, 65%, 55% respectively

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BENGALURU: Indian film and media company Eros International Media Ltd (Eros) reported a 15.9 percent decline in consolidated net sales/income from operations (Op Rev) for the quarter ended 30 June 2019 (Q1 2020, quarter or period under review) as compared to the corresponding year ago quarter Q1 2019 (y-o-y). Eros reported consolidated Op Rev of Rs 183.52 crore and Rs 217.93 for Q1 2020 and Q1 2019 respectively. The company’s consolidated simple operating EBITDA fell 64.7 percent to Rs 32.91 crore (17.9 percent of Op Rev) in Q1 2020 from Rs 93.33 crore (42.8 percent of Op Rev) in Q1 2019. Consolidated Profit after tax (PAT) during the quarter under review declined 54.9 percent y-o-y to Rs 27.05 crore from Rs 59.95 crore. Total comprehensive income or TCI declined 77.9 percent y-o-y to Rs 22.3 crore from Rs 100.91 crore in Q1 2019.

Eros consolidated Total Expenditure in Q1 2020 increased 16.8 percent y-o-y to Rs 170.99 crore from Rs 146.45 crore. Consolidated Films rights costs including amortisation costs declined 25.8 percent y-o-y to Rs 66.93 crore in Q1 2020 from Rs 90.15 crore. Consolidated Employee Benefits Expense in Q1 2020 declined 19.8 percent y-o-y to Rs 10.86 crore from Rs 13.54 crore. Consolidated net finance costs declined 9.3 percent y-o-y to Rs 17.68 crore from Rs 19.50 crore. Consolidated Other expenses for the period under review more than tripled (increased 264.5 percent) y-o-y to Rs 69.81 crore from Rs 19.15 crore in the corresponding year ago quarter.

It must be noted that this report is purely a numbers report based only on the company’s consolidated financial results.

The last traded price of Eros International Media Ltd on the NSE was Rs 9.50 per equity share of face value of Rs 10 each on 12 August 2019. The 52 week high/low prices were Rs 133.50/Rs 9.50.

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