Eros International Q3 net profit up 41 pc to Rs 91.99 cr

Film entertainment firm Eros International Media today reported a 41 per cent increase in consolidated net profit to Rs 91.99 crore for the third quarter ended December 31, 2013.

The company had posted a consolidated net profit of Rs 65.2 crore in the same period last fiscal, Eros International said in a filing with the BSE.

Consolidated net sales during the quarter under review stood at Rs 432.68 crore as against Rs 369.33 crore in the year-ago period.

"The company showcased its success with prominent releases such as Ram Leela, R...Rajkumar, Grand Masti, Raanjhana, Krishh 3 (overseas), Yeh Jawaani Hai Deewani (overseas) and Phata Poster Nikla Hero (overseas). These releases are being continuously monetised over several distribution platforms," said Sunil Lulla, Managing Director, Eros International Media.

"With a healthy diversified mix of high budget and moderately budgeted high concept movies in future movie slate, the company will exhibit sustained success in future as well," he added.

On its future outlook, the company said it has made a positive start to the fourth quarter of the ongoing fiscal with two major releases -- Hindi movie Jai Ho starring Salman Khan and Telegu film 1 Nenokkadine.

In the first ten days of its release, Jai Ho collected a total of Rs 166.33 crore, with Rs 102.58 crore coming from India, it said.

Shares of Eros International Media were trading at Rs 162.20 per scrip during afternoon trade, up 3.25 per cent from the previous close, on the BSE.

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