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EROS INTERNATIONAL Announces Quarterly Results (1QFY19); Net Profit Up 25.3%

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EROS INTERNATIONAL Announces Quarterly Results (1QFY19); Net Profit Up 25.3%
Thu, 16 Aug

EROS INTERNATIONAL has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

EROS INTERNATIONAL Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m2,5962,3882,179-8.7%-16.1%
Other incomeRs m13719056-70.3%-59.0%
TurnoverRs m2,7342,5782,236-13.3%-18.2%
ExpensesRs m1,9681,4841,246-16.0%-36.7%
Gross profitRs m6289049333.3%48.6%
DepreciationRs m242824-15.5%-2.1%
InterestRs m186223195-12.4%5.0%
Profit before taxRs m556843771-8.5%38.8%
TaxRs m77256172-33.0%123.3%
Profit after taxRs m4795876002.1%25.3%
Gross profit margin%24.237.842.8
Effective tax rate%13.830.422.3
Net profit margin%17.522.826.8
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter fell 16.1% on a year-on-year (YoY) basis. The expenses were down by 36.7% YoY during the same period.
  • The company's operating profit increased by 48.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 42.8% in 1QFY19 as against 24.2% in 1QFY18.
  • Depreciation charges and finance costs declined by 2.1% YoY and 5.0% YoY, respectively.
  • Other income declined by 59.0% YoY during the quarter.
  • Net profit for the quarter increased by 25.3% YoY. Net profit margins during the quarter increased from 17.5% in 1QFY18 to 26.8% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 8.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 16.0% QoQ during the same period.
  • The company's operating profit increased by 3.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 42.8% in 1QFY19 as against 37.8% in 4QFY18.
  • Net profit for the quarter increased by 2.1% QoQ, while net profit margins increased from 22.8% in 4QFY18 to 26.8% in 1QFY19.

To see how EROS INTERNATIONAL has performed over the last eight quarters, please visit here.

EROS INTERNATIONAL Share Price Performance

Over the last one year, EROS INTERNATIONAL share price has moved up from Rs 191.0 to Rs 120.7, registering a Loss of Rs 70.4 or around 36.8%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 7,580.6 (up 0.5%). Over the last one year it has moved up from 5,773.0 to 7,580.6, a gain of 1,808 points (up 31.3%).

Overall, the S&P BSE SENSEX is up 19.9% over the year.

Current Valuations

At the current price of Rs 120.7, the price to earnings (P/E) ratio of EROS INTERNATIONAL stands at 4.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.6 times.

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For the quarter ended December 2018, EROS INTERNATIONAL has posted a net profit of Rs 622 m (down 7.4% YoY). Sales on the other hand came in at Rs 3 bn (up 52.9% YoY). Read on for a complete analysis of EROS INTERNATIONAL's quarterly results.

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