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EROS INTERNATIONAL Announces Quarterly Results (2QFY19); Net Profit Up 34.4%

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EROS INTERNATIONAL Announces Quarterly Results (2QFY19); Net Profit Up 34.4%
Tue, 6 Nov

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

EROS INTERNATIONAL Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m2,6832,1792,92934.4%9.2%
Other incomeRs m5756277390.8%388.2%
TurnoverRs m2,7392,2363,20643.4%17.0%
ExpensesRs m1,8471,2462,11369.6%14.4%
Gross profitRs m835933816-12.6%-2.3%
DepreciationRs m2424256.8%2.9%
InterestRs m214195176-10.0%-17.8%
Profit before taxRs m65477189215.7%36.4%
TaxRs m79172119-30.8%50.9%
Profit after taxRs m57560077329.0%34.4%
Gross profit margin%31.142.827.9
Effective tax rate%12.122.313.3
Net profit margin%21.026.824.1
* 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 grew 9.2% on a year-on-year (YoY) basis. The expenses were up by 14.4% YoY during the same period.
  • The company's operating profit declined by 2.3% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 27.9% in 2QFY19 as against 31.1% in 2QFY18.
  • Depreciation charges increased by 2.9% and finance costs declined by 17.8% YoY, respectively.
  • Other income increased by 388.2% YoY during the quarter.
  • Net profit for the quarter increased by 34.4% YoY. Net profit margins during the quarter increased from 21.0% in 2QFY18 to 24.1% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 34.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 69.6% QoQ during the same period.
  • The company's operating profit declined by 12.6% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 27.9% in 2QFY19 as against 42.8% in 1QFY18.
  • Net profit for the quarter increased by 29.0% QoQ, while net profit margins declined from 26.8% in 1QFY18 to 24.1% in 2QFY19.

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 213.9 to Rs 102.5, registering a Loss of Rs 111.4 or around 52.1%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 7,087.2 (up 0.6%). Over the last one year it has moved up from 6,038.9 to 7,087.2, a gain of 1,048 points (up 17.4%).

Overall, the S&P BSE SENSEX is up 3.7% over the year.

Current Valuations

At the current price of Rs 102.5, the price to earnings (P/E) ratio of EROS INTERNATIONAL stands at 3.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.4 times.

Equitymaster requests your view! Post a comment on "EROS INTERNATIONAL Announces Quarterly Results (2QFY19); Net Profit Up 34.4%". Click here!

1 Responses to "EROS INTERNATIONAL Announces Quarterly Results (2QFY19); Net Profit Up 34.4%"

Neeraj Belwal

Feb 5, 2019

Media Distribution companies are not moving as expected but as the smart cities will evolve in near future the shares will be in lime light.
My personal view is to get invested on these shares for a long term benefit.

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Equitymaster requests your view! Post a comment on "EROS INTERNATIONAL Announces Quarterly Results (2QFY19); Net Profit Up 34.4%". Click here!

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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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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.

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For the quarter ended June 2018, EROS INTERNATIONAL has posted a net profit of Rs 600 m (up 25.3% YoY). Sales on the other hand came in at Rs 2 bn (down 16.1% YoY). Read on for a complete analysis of EROS INTERNATIONAL's quarterly results.

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Feb 18, 2019 09:51 AM

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