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Eros International Q1 net up 25% to Rs 60 cr

The company had posted a net profit of Rs 58.69 crore during the same period of the previous financial year.

August 13, 2018 / 07:53 PM IST
Eros International | Company reported loss at Rs 28.49 crore in Q1FY21 against profit at Rs 27.05 crore, revenue dropped to Rs 41.68 crore from Rs 183.52 crore YoY.

Eros International | Company reported loss at Rs 28.49 crore in Q1FY21 against profit at Rs 27.05 crore, revenue dropped to Rs 41.68 crore from Rs 183.52 crore YoY.

 
 
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Eros International Media today reported 25.26 per cent rise in consolidated net profit at Rs 59.95 crore for the quarter ended June 30, 2018.

The company had posted a net profit of Rs 47.86 crore during the same period of the previous financial year.

Total income during the reported quarter stood at Rs 223.57 crore as against Rs 273.36 crore in the year-ago period, down 18.21 per cent, the company said in a BSE filing.

"We have started the year on an excellent note on operational and strategic parameters. Our strategy of a content driven approach reflected in a robust green lighting process enabling us to de-risk our model.

"Our film content is deeply researched and evaluated for its revenue potential across platforms and markets by our business leaders, due to which we were able to again deliver margin enhancing performance in the first quarter of this fiscal," the company's Executive Vice Chairman and MD Sunil Lulla said.

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The stock closed 2.25 per cent up at Rs 127.50 on BSE.
PTI
first published: Aug 13, 2018 03:59 pm

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