Eros Intl scores super duper Q4

about 7 months ago
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Eros International Media has been the top gainer on the BSE since the opening bell. It rose over 17% to Rs.140.25, getting closer to its 20% UC of Rs.143.45. The stock which had been hitting consistent new lows; even on Monday it hit a new low at Rs.126.20 now seems to having a new run on the bourses.

The company posted a super duper earnings for Q4FY18. Its total income was up by 22.5% (YoY) at Rs.258 crore and EBIT was up 61% at Rs.107 crore. PAT has grown 80% to Rs.61 crore. EBITDA margins have gone up to 41.3% v/s 31.4% (YoY).

Its net debt stands at Rs.558 crore v/s Rs.485 crore and cash is at Rs.187 crore v/s Rs.179 crore. The Company released a total of 8 films during the quarter and has a total of 24 releases in FY18.

Eros sharpened its focus on profitability by investing in content-driven films with high ROI potential and low risk profile, which helped build increasingly successful slate with 'Newton" India's entry to the Oscars, hit comedy Shubh Mangal Savdhan and sports based drama "Mukkabaaz' . The democratization of theatrical consumption of content has skewed the strategy to be increasingly focused on catering to the regional demographic which is reflected in the current slate mix "Aamhi Doghi" (Marathi), "Rong Beronger Kori" (Bengali), "Oru Kidayin Karunai Manu" (Tamil), "Aake" (Kannada), "Viswa Vikhyatharaya Payy· ia: (Malayalam) amongst others. The future slate also has a trilingual remake of the classic library fil ~ L 11. 1.l. mere saathi" and "Bhavesh Joshi" to name a few.

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