EROS INTERNATIONAL Announces Quarterly Results (1QFY20); Net Profit Down 54.9%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

EROS INTERNATIONAL Announces Quarterly Results (1QFY20); Net Profit Down 54.9%
Fri, 16 Aug

EROS INTERNATIONAL has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

EROS INTERNATIONAL Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m2,1792,2461,835-18.3%-15.8%
Other incomeRs m56386268-30.7%374.6%
TurnoverRs m2,2362,6322,103-20.1%-5.9%
ExpensesRs m1,2461,6281,506-7.5%20.9%
Gross profitRs m933618329-46.7%-64.7%
DepreciationRs m24162774.2%14.9%
InterestRs m195245177-27.8%-9.3%
Profit before taxRs m771744393-47.1%-49.0%
TaxRs m1727312367.3%-28.7%
Profit after taxRs m600670271-59.6%-54.9%
Gross profit margin%42.827.517.9
Effective tax rate%22.39.831.2
Net profit margin%26.825.512.9
* 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 15.8% on a year-on-year (YoY) basis. The expenses were up by 20.9% YoY during the same period.
  • The company's operating profit declined by 64.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 17.9% in 1QFY20 as against 42.8% in 1QFY19.
  • Depreciation charges increased by 14.9% and finance costs declined by 9.3% YoY, respectively.
  • Other income increased by 374.6% YoY during the quarter.
  • Net profit for the quarter declined by 54.9% YoY. Net profit margins during the quarter declined from 26.8% in 1QFY19 to 12.9% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 18.3% on a quarter-on-quarter (QoQ) basis. The expenses were down by 7.5% QoQ during the same period.
  • The company's operating profit declined by 46.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 17.9% in 1QFY20 as against 27.5% in 4QFY19.
  • Net profit for the quarter declined by 59.6% QoQ, while net profit margins declined from 25.5% in 4QFY19 to 12.9% in 1QFY20.

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 down from Rs 121.1 to Rs 11.0, registering a Loss of Rs 110.0 or around 90.9%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 7,552.4 (down 1.1%). Over the last one year it has moved down from 7,569.6 to 7,552.4, a gain of 17 points (down 0.2%).

Overall, the S&P BSE SENSEX is down 1.9% over the year.

Current Valuations

At the current price of Rs 11.0, the price to earnings (P/E) ratio of EROS INTERNATIONAL stands at 0.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.0 times.

Equitymaster requests your view! Post a comment on "EROS INTERNATIONAL Announces Quarterly Results (1QFY20); Net Profit Down 54.9%". Click here!

  

Related Views on News

EROS INTERNATIONAL Announces Quarterly Results (3QFY20); Net Profit Down 76.2% (Quarterly Result Update)

Feb 17, 2020 | Updated on Feb 17, 2020

For the quarter ended December 2019, EROS INTERNATIONAL has posted a net profit of Rs 148 m (down 76.2% YoY). Sales on the other hand came in at Rs 3 bn (down 7.2% YoY). Read on for a complete analysis of EROS INTERNATIONAL's quarterly results.

EROS INTERNATIONAL Announces Quarterly Results (4QFY19); Net Profit Up 14.2% (Quarterly Result Update)

May 28, 2019 | Updated on May 28, 2019

For the quarter ended March 2019, EROS INTERNATIONAL has posted a net profit of Rs 670 m (up 14.2% YoY). Sales on the other hand came in at Rs 2 bn (down 6.0% YoY). Read on for a complete analysis of EROS INTERNATIONAL's quarterly results.

EROS INTERNATIONAL 2017-18 Annual Report Analysis (Annual Result Update)

Dec 18, 2018 | Updated on Dec 18, 2018

Here's an analysis of the annual report of EROS INTERNATIONAL for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of EROS INTERNATIONAL. Also includes updates on the valuation of EROS INTERNATIONAL.

More Views on News

Most Popular

This Crorepati Stock Could Be the Best Vaccine for Your Portfolio Against Coronavirus(Profit Hunter)

Mar 17, 2020

If there is one stock I had to recommend you amid Coronavirus outbreak, this would be it.

If I Were to Recommend One Stock Amid Coronavirus Outbreak, This Would be It.(Profit Hunter)

Mar 19, 2020

Coronavirus outbreak has made no impact on the long term prospects of my favourite smallcap. What it has indeed done is brought the company below my buy price, making it even more attractive investment at current price.

Why India Will Be the Biggest Winner in a Post-Coronavirus World(The 5 Minute Wrapup)

Mar 19, 2020

The way businesses operate will change in a major way post the coronavirus impact. Here's why India stands to benefit from this change...

A Big Trading Opportunity is Coming Your Way Soon(Fast Profits Daily)

Mar 25, 2020

I see a big opportunity to make fast profits on the horizon.

The Real Long-Term Impact of the Coronavirus on India(The 5 Minute Wrapup)

Mar 18, 2020

My view on the impact of the Coronavirus on the Indian economy.

More

How to Trade the
Coronavirus Crash

Coronavirus Crash
Get this special report, authored by Equitymaster's top analysts, now.
We will never sell or rent your email id.
Please read our Terms

EROS INTERNATIONAL SHARE PRICE


Mar 27, 2020 (Close)

TRACK EROS INTERNATIONAL

  • Track your investment in EROS INTERNATIONAL with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MORE ON EROS INTERNATIONAL

EROS INTERNATIONAL 5-YR ANALYSIS

COMPARE EROS INTERNATIONAL WITH

MARKET STATS