Eros eyes 35% growth in bottomline for FY 12
Film content developer and aggregator, Eros International Media, is eyeing 35% growth in its bottom line for FY 12 as it will focus more on profitability than top line, a top official said today.
March 24, 2011 / 19:33 IST
Film content developer and aggregator, Eros International Media, is eyeing 35% growth in its bottom line for FY 12 as it will focus more on profitability than top line, a top official said today.
Eros, listed in early 2010, has been growing at the Compound Annual Growth Rate (CAGR) of 59% in the last five years and posted a net profit of Rs 115 crore in FY 11 while the overall revenue stood at Rs 700 crore. It had clocked a net profit of Rs 83 crore in FY 10."We are a leader and now want to extend this leadership and also want to focus more on bottom-line by recovering about 60-70 per cent of the cost much before the release of a film. We expect 35 per cent growth in FY 12," Eros International''s CFO, Kamal Jain told reporters at FICCI Frames here today.He further said that the company is looking for acquiring existing film libraries and also the regional distributors."We are certainly looking out for acquisition of more content creators and regional distributors," Jain said without divulging further details. On investments, Jain said that the company has lined up a capex of Rs 900-1100 crore for the next two fiscals and will fund it through internal accruals. . Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
