Eros International's net profit up 25% at Rs 517 million

Eros International Media Limited (Eros International), has reported a net profit of Rs 517 million for the fourth quarter ended March, up 25% from last year.

The consolidated revenue for the media company stood at Rs 4656 million up 50% from last year. The consolidated annual revenue stood at Rs 14,410 million, up 26%, while the net profit for the fiscal was Rs 2471 million up 24% from last year.



“We have concluded the fiscal on an excellent note based on our strategy of investing in content-backed Hindi and regional movies and extensively monetizing it across all platforms such as theatrical, television and digital. The year has reinforced our belief in the portfolio approach to movie-making, which enables us to deliver sustained growth supported by consistently strong presales. Our footprint in the regional market, in particular, has worked very well for us,” said Sunil Lulla, MD, Eros International Media Ltd.



Eros witnessed a strong upswing in revenue contribution from their 2,000 plus movie library. Eros began the year on a positive note with the success of ‘Tanu Weds Manu Returns’ to be followed by ‘ Bajarangi Bhaijaan’ on Eid and ‘ Bajirao Mastani’on Christmas.

Theatrical revenues contributed 38%, television and others, 31.3% and overseas revenues 30.7% as a percentage of total income according to the company.