Moneycontrol Bureau
Eros International Media, which released recent movies like Jai Ho, R Rajkumar, Ram-Leela etc, reported a 41 percent growth year--on-year in consolidated net profit in the quarter ended December 2013. Higher revenues and slow rise in expenses boosted profitability of the company.
Indian motion picture production and distribution company's net profit increased to Rs 92 crore from Rs 65.2 crore year-on-year.
Consolidated total income grew 17 percent to Rs 432.7 crore while total expenses rose 6.5 percent to Rs 298.4 crore compared to a year-ago period.
Finance cost nearly trebled to Rs 7.4 crore from Rs 2.6 crore and tax expenses more than doubled to Rs 37.4 crore from Rs 16.5 crore during the same period.
At 14:04 hours IST, the stock surged 4.52 percent to Rs 164.20 amid hefty volumes on the BSE.
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