Eros International Media Limited (Eros International), a leading global company in the Indian film entertainment industry, today announced its consolidated financial results for the quarter and half year ended Sep 30, 2012 (Q2 FY2013).
CONSOLIDATED RESULTS FOR Q2 FY2013
Total Income increased by 32% to Rs. 2,310.5 mn (Rs. 1,755.3 million in Q2 FY2012)
EBIT increased by 4% to Rs. 423.5 mn (Rs. 407.4 million in Q2 FY2012)
Profit after tax (after minority) decreased by 5% to Rs. 260.8 million (Rs. 273.5 million in Q2 FY2012)
Diluted EPS at Rs. 2.81 (Rs. 2.98 in Q2 FY2012)
Eros International released 42 films during H1 FY2013 in different languages which included 8 Hindi, 34 Tamil and other regional languages (42 films in H1 FY2012). In Q2FY2013, Eros released 19 films. 3 Hindi, 16 Tamil and other regional language films (23 films in Q2FY2012)
Theatrical revenues during H1 FY2013 have showcased the success of global releases namely Housefull 2, Vicky Donor, and Cocktail
Housefull 2, a sequel to the 2010 hit Housefull, reported a net box office collection of Rs. 149 crore worldwide
Vicky Donor, a high concept modestly budgeted new star cast film, reported a commendable net box office collection of Rs. 45 crore worldwide
Cocktail, a youth centric film, was well received by the audiences and reported a net box office collection of Rs. 102 crore worldwide
Other releases like Ferrari Ki Sawaari, Teri Meri Kahani and Shirin Farhad Ki NIkal Padi also contributed to the overall revenue during the period
Performance was also driven by satellite syndication deals for releases including Housefull2, Cocktail, Ferrari Ki Sawaari ,Shirin Farhad Ki Nikal Padi and Vicky Donor and a host of catalogue films
Music syndication deals and self exploitation of music titles for films like Cocktail, Teri Meri Kahaani, Shirin Farhad Ki Nikal Padai, English Vinglish and Vicky Donor contributed to the overall performance
Eros Now, a dedicated on-demand entertainment portal accessible via internet-enabled devices, has gone commercially live on a global scale. The platform is currently available on I-Pads globally and will be optimised further for Android and other devices. The services carries several hundred full length films, thousands of music videos and music tracks and the Company will shortly be extending the offering with Tamil movies.
Views of our content on Youtube, including the the Eros Now channel passed two billion in July 2012 and were over 500 million in H1 FY2013
Sunil Lulla, Managing Director, Eros International Media Ltd. said, The first half of the fiscal has been encouraging and although Q2 did not have any major releases, we are pleased to have delivered strong results. We are delighted with the performance of not only the high profile films such as 'Housefull 2 and Cocktail', but also small budget films such as 'Vicky Donor'. It is encouraging to see the audience response to high quality content whether it is an established star cast or new talent. Combining high concept content with strong marketing and a well-devised distribution plan is a key strategy for us.
H2 FY2013 has begun on a very exciting note with overwhelming success of the highly rated wholesome family entertainer 'English Vinglish' and Maatran (Tamil). The line-up for the rest of the fiscal 2013 is also very promising with high profile films such as Son of Sardar, Khiladi 786 and Kochadaiyaan.
We continue to monetize our new and existing content over a host of platforms and constantly focus at leveraging new and emerging opportunities. Our robust business model combined with a de-risking strategy and large catalogue facilitates consistent growth and enables us to maintain our leadership position in the sector.
India Infoline News Service / 14:51, Aug 19, 2014
Q1 revenues declined 0.9% qoq vs our estimate for a 1.8% qoq on the back of weakness in global operations whose revenues declined 14.9% qoq and 5.1% yoy.