Television

×

×

FY-16: Eros International Media revenue up

https://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2016/05/28/eros-international.jpg?itok=TLNHdJBo

BENGALURU: The Sunil Lulla led Eros International Media Limited (Eros) reported 11.4 percent increase in total revenue including other income (TR) for the fiscal ended 31 March 2016 (FY-16, current year, current fiscal) as compared to the previous year. Eros reported TR of Rs 1,603.45 crore in FY-16 as compared to Rs 1,441.03 crore in FY-15.

The company’s Total Income from Operations (TIO) in the current year increased 11.3 percent to Rs 1,582.58 crore in the previous fiscal. Profit after Tax (PAT) after minority interest in the current year declined 13.5 percent to Rs 214.15 crore (13.4 percent PAT margin of TR) as compared to Rs 247.06 crore (17.1 PAT margin of TR) in the previous year.

Eros says that revenue for FY-16 saw a significant growth on account of global releases of Bajrangi Bhaijaan, Bajirao Mastani, TanuWeds Manu Returns, Welcome Back, Srimanthudu amongst others across theatrical, overseas and satellite revenues, and overseas releases of Dil Dhadakne Do, Singh is Bling and Gabbar is Back reinforcing the portfolio and film mix strategy

Note: The unit of currency in this report is the Indian rupee - Rs (also conventionally represented by INR). The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:
(a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.
(b) 10,000 lakh = 100 crore = 1 arab = 1 billion.

Earnings before Interest and Tax in FY-16 declined 6.6 percent to Rs 337.36 crore from Rs 361.19 crore in the previous year.

The breakup of revenues in FY-16 was: Television and others 30 percent; Theatrical 43.8 percent; Overseas 26.1 percent. The comparative breakup of revenues in FY-15 was: Television and others 31.3 percent; Theatrical 38 percent; Overseas 30.7 percent.

Total Expenditure in the current year increased 17.2 percent to Rs 1,266.09 crore (80 percent of TIO) from Rs 1,079.84 (76 percent of TIO) in FY-15.

Direct Costs during FY-16 stood at Rs 1,144.8 crore, including Rs. 617.8 crore of content amortization (Rs 940 crore of direct costs including content amortization of Rs 497.6 crore in FY-15) and overflow accrued to Producers on account of hit films.

For the period ending March 31, 2016, the company generated free cash flow of Rs 300 crore as compared to negative Rs 50 crore in FY-15. As on 31 March 2016, total receivables stood at Rs. 428.2 crore as compared to Rs. 525.7 crore as on 31 March, 2015.

Films released in FY-16

In FY-16, of the 63 films released by Eros, 6 high budget, 16 medium and 41 low budget films were released in as against 6 high budget, 11 medium and 47 low budget movies in FY-15. In FY-16, of the 63 films that were released 33 were Hindi and 30 were Regional films as compared to 64 films during FY-15, which included 45 Hindi and 19 regional films.

In the quarter ended 31 March 2016 (Q4-16, current quarter) Q4-16, only 6 medium and 6 low budget films were released as against 1 high budget, 4 medium and 17 low budget movies in Q4-15. During the quarter, 12 films were released consisting of 3 Hindi and 5 Tamil/Telugu films and 4 Regional films as compared to 22 films during Q4-15, which included 17 Hindi and 5 Tamil/Telugu films.

Company speak

Eros executive vice chairman and managing director Lulla said, “Fiscal 2016 clearly proved to be one of the best year for our films at the Box Office demonstrating the quality and robustness of our content green-lighting strategy, a strong competitive edge for Eros. This is possible as over the years, we have built scale and expertise with the help of an experienced management team which has constantly set new benchmarks in the industry. Continuing this momentum, we had an excellent start to FY17 with Sardaar Gabbar Singh in Telegu, ‘Ki & Ka’ in Hindi and 24 in Tamil delivering splendid performances and together with ‘Housefull 3’ scheduled to open next week, we are looking at a blockbuster first quarter.

“We have a very exciting film slate for the upcoming quarters, which include films such as ‘Rock On 2’, ‘Dishoom’, ‘Baar Baar Deko’, ‘Shivaay’, Banjo, Singham 3 together with a diversified slate of other regional releases. On the whole, FY 2017 will be seeing an exciting movie repertoire of over 65 content driven Eros films in Hindi and other regional languages, making it the biggest future slate by any studio in India. The slate would also be aided by compelling films from our franchise production arm, Trinity Pictures. To further demonstrate our portfolio and de-risking strategy, I am happy to announce that a substantial part of the above mentioned slate is already pre-sold for satellite rights with the major television networks.”

“I am happy to report that we ended the year with record revenues of Rs. 16,036 million and healthy profitability. Further, we generated Rs. 3,000 illion free cash flow in FY16 and strengthened our balance sheet by bringing about working capital efficiencies. We are confident that we will continue to maintain
our market leadership position in the years to come.”

Latest Reads

https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/09/20/ss.jpg?itok=o6tHW5k2
Star Sports launches MISSION 2020 with the Men in Blue

MUMBAI: The ‘Men in Blue’ have embarked on their quest to bring the ICC T20 World Cup Trophy home next year, beginning with the home season of cricket on Star Sports with South Africa tour of India that started on September 15th. Mission 2020 will showcase all India matches as they prepare for the...

Television TV Channels Sports
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/09/20/zee.jpg?itok=KNZ8xLWb
Zee Kannada’s Jote Joteyali launch breaks all records in the Kannada Television Industry

MUMBAI: The No. 1 Kannada General Entertainment Channel, Zee Kannada’s recently launched Jote Joteyali tops the charts in the Kannada television industry in the fiction genre. This eccentric love story garnered a total of 171% of growth in the prime slot of 8:30 PM, Monday to Friday. The record...

Television TV Channels Regional
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/09/20/cnn.jpg?itok=O8cbHiBg
CNN International to launch new programming

MUMBAI: CNN International, which reaches more than 400 million households around the world, is launching new programming from September 24, 2019. Broadcasting live at 2.30am IST, The Brief with Bianca Nobilo will provide viewers with an incisive look at the most significant live events and stories...

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/09/20/fyi.jpg?itok=uGaTFks2
FYI TV18 presents a modern dating show with a twist

MUMBAI: FYI TV18 is all set to burn up the dance-floor in its latest premiere, ‘Flirty Dancing’. Britain’s best-loved choreographer Ashley Banjo, who won ‘Britain’s Got Talent’ with his über-cool street-dancing moves, has now moved on to play cupid between strangers looking for love. With...

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/09/20/nitin.jpg?itok=zg6LOcZF
Nitin Bawankule to join as Star India head of ad sales from 1 October

MUMBAI: Star India, today announced the appointment of Nitin Bawankule as the head of ad sales. In this role, Bawankule will be responsible for leading ad sales across both linear broadcast and OTT for Star TV network and Hotstar respectively. This appointment is effective 1 October 2019 and will...

Television TV Channels People
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/09/20/kidz.jpg?itok=M_O_RsT1
Discovery Kids to launch animated series ‘Fukrey Boyzzz’ on 12 October

MUMBAI: Discovery Kids is all set to up the ante with the introduction of fun filled animated series ‘Fukrey Boyzzz’ based on superhit Bollywood franchise ‘Fukrey’ and ‘Fukrey Returns’. The channel will start broadcasting the series ‘Fukrey Boyzzz’ on October 12th, 2019 onwards at 1.30 PM and 7.30...

Television TV Channels Kids
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/09/20/prive.jpg?itok=X-VDYHWK
&PrivéHD celebrates two years of nuanced cinema with a special line-up of never-seen-before movies on Indian television

MUMBAI: To new emotions, new revelations, new stories and to the new beginnings! It’s celebrations galore as &PrivéHD, the premium destination for nuanced cinema, enters its third year of showcasing stories that go beyond the obvious. To commemorate this momentous occasion and the start of a...

Television TV Channels English Entertainment
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/09/20/jiggy.jpg?itok=K91AjITB
Dream Theatre wins Licensing Mandate for 'Little Singham'

India’s homegrown hero will now be within an arm’s reach as Dream Theatre Pvt.  Ltd., India’s foremost licensing and branding representation company, has won the mandate for licensing and merchandising for Little Singham, a show inspired by the popular Hindi film Singham. 

Television TV Channels Viewership
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/09/20/kairali.jpg?itok=9DbRJlOu
BARC week 37: Kairali TV replaces Zee Keralam in Malayalam space

MUMBAI: In week 37 of BARC India ratings, Kairali TV has replaced Zee Keralam which was the new entrant last week in Malayalam segment. The channel garnered 68564 weekly impressions (000s). Gujarati segment also witnessed some changes. Colors Gujarati Cinema grabbed the leading position from Colors...

Television TV Channels Viewership

Sign up for our Newsletter

subscribe for latest stories