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

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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.

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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.

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