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HomeNewsBusinessMarketsEros International Q2 net up 34.4% to Rs 77.31 crore

Eros International Q2 net up 34.4% to Rs 77.31 crore

The company had posted a net profit of Rs 57.51 crore during the July-September quarter a year ago, Eros International Media said in a regulatory filing.

October 26, 2018 / 23:11 IST
We are in the last phase of the September quarter earnings season, and the results announced by the BSE 500 companies so far have shown signs of a sharp recovery, as compared to the June quarter, when the economic activity in the country was compromised due to lockdown in various regions. From the BSE 500 list, 216 companies have announced their September quarter results so far. We excluded banking and financial companies.  Along with the index stocks we also analyse each sector quarterly earnings. (Data Source: ACE Equity)
     
     
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    Media and entertainment firm Eros International Media reported a 34.42 percent rise in its consolidated net profit to Rs 77.31 crore for the second quarter ended September, 2018.

    The company had posted a net profit of Rs 57.51 crore during the July-September quarter a year ago, Eros International Media said in a regulatory filing.

    Total income during the quarter under review rose 17.02 percent to Rs 320.56 crore, as against Rs 273.93 crore in the corresponding period of the previous fiscal.

    Total expenses stood at Rs 231.36 crore as against Rs 208.54 crore, up 10.94 percent.

    Eros International Executive Vice Chairman and MD Sunil Lulla said it "has been result of our continuous focus on building a portfolio of deeply researched, content driven films that appeal to a wide cross section of audiences, produced at optimum costs and marketed around the world across diverse entertainment platforms".

    Shares of Eros International Media settled at Rs 68.05 on BSE Friday, down 1.73 per cent from previous close.

    PTI
    first published: Oct 26, 2018 10:59 pm

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