MUMBAI: Film production and distribution company Eros International’s fiscal fourth quarter net profit has seen a 34.1% drop at Rs 33.7 crore against Rs 51.1 crore recorded in the corresponding quarter of the previous fiscal year due to fewer movie releases.
EBIT grew 23% at Rs 66 crore against Rs 53.8 crore in the same quarter of the previous fiscal year.
Revenue for the quarter was down 29% at Rs 210.4 crore as against Rs 296.9 crore in Q4FY16.
During the quarter, the company released a total of five films including one medium- and four low-budget films compared to six medium- and six low-budget films in Q4 FY16.
Theatrical revenues in Q4 FY2017 included ‘Baghtos Kay Mujra Kar’ (Marathi), ‘C/O. Saira Banu’ (Malayalam), ‘Engitta Modhathe’ (Tamil), ‘Bibaho Diaries’ (Bengali), ‘Yaman’ (Tamil) and catalogue revenues. TV and other segments included satellite sales for ‘Rock On 2’ and catalogue sales contribution.
Eros Q4 net down 34% due to fewer movie releases | TelevisionPost.com
EBIT grew 23% at Rs 66 crore against Rs 53.8 crore in the same quarter of the previous fiscal year.
Revenue for the quarter was down 29% at Rs 210.4 crore as against Rs 296.9 crore in Q4FY16.
During the quarter, the company released a total of five films including one medium- and four low-budget films compared to six medium- and six low-budget films in Q4 FY16.
Theatrical revenues in Q4 FY2017 included ‘Baghtos Kay Mujra Kar’ (Marathi), ‘C/O. Saira Banu’ (Malayalam), ‘Engitta Modhathe’ (Tamil), ‘Bibaho Diaries’ (Bengali), ‘Yaman’ (Tamil) and catalogue revenues. TV and other segments included satellite sales for ‘Rock On 2’ and catalogue sales contribution.
Eros Q4 net down 34% due to fewer movie releases | TelevisionPost.com
