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

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EROS INTERNATIONAL Announces Quarterly Results (3QFY20); Net Profit Down 76.2%
Mon, 17 Feb

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

EROS INTERNATIONAL Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m2,9592,0042,74637.0%-7.2%
Other incomeRs m365197147-25.8%-59.8%
TurnoverRs m3,3242,2022,89331.4%-13.0%
ExpensesRs m2,3681,8392,45033.2%3.5%
Gross profitRs m59116529679.1%-49.9%
DepreciationRs m273130-2.3%11.2%
InterestRs m160185183-0.9%14.8%
Profit before taxRs m77014823055.8%-70.1%
TaxRs m1484182100.5%-44.8%
Profit after taxRs m62210714838.7%-76.2%
Gross profit margin%20.08.310.8
Effective tax rate%19.227.635.5
Net profit margin%18.74.95.1
* 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 fell 7.2% on a year-on-year (YoY) basis. The expenses were up by 3.5% YoY during the same period.
  • The company's operating profit declined by 49.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 10.8% in 3QFY20 as against 20.0% in 3QFY19.
  • Depreciation charges increased by 11.2% and finance costs increased by 14.8% YoY, respectively.
  • Other income declined by 59.8% YoY during the quarter.
  • Net profit for the quarter declined by 76.2% YoY. Net profit margins during the quarter declined from 18.7% in 3QFY19 to 5.1% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 37.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 33.2% QoQ during the same period.
  • The company's operating profit increased by 79.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 10.8% in 3QFY20 as against 8.3% in 2QFY19.
  • Net profit for the quarter increased by 38.7% QoQ, while net profit margins increased from 4.9% in 2QFY19 to 5.1% in 3QFY20.

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

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EROS INTERNATIONAL Share Price Performance

Over the last one year,EROS INTERNATIONAL share price has moved down from Rs 69.9 to Rs 13.6, registering a Loss of Rs 56.3 or around 80.5%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 8,219.5 (up 0.2%). Over the last one year it has moved up from 7,601.1 to 8,219.5, a gain of 618 points (up 8.1%).

Overall, the S&P BSE SENSEX is up 14.4% over the year.

Current Valuations

At the current price of Rs 13.6, the price to earnings (P/E) ratio of EROS INTERNATIONAL stands at 1.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.0 times.

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

Aug 16, 2019 | Updated on Aug 16, 2019

For the quarter ended June 2019, EROS INTERNATIONAL has posted a net profit of Rs 270 m (down 54.9% YoY). Sales on the other hand came in at Rs 2 bn (down 15.8% YoY). Read on for a complete analysis of EROS INTERNATIONAL's quarterly results.

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