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.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • India is still in denial about the reality of marital sexual abuse

    When Haribhai Parathibhai Chaudhary, our minister of state for home, declared in Parliament the other day that there was no such thing as marital rape

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Varun Dutt

<b>Riskfactor</b>: Overdose of hope

As a conservative estimate, at least half of all new ...

Zehra Naqvi

Translated nuances

Translating a book from another language is a tough job, ...

Bubbles Sabharwal

Don’t let bullies get away, stand up to them

Boarding schools can be like a totalitarian regime. It can ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture