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

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EROS INTERNATIONAL Announces Quarterly Results (4QFY19); Net Profit Up 14.2%
Tue, 28 May

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

EROS INTERNATIONAL Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m2,3882,9592,246-24.1%-6.0%
Other incomeRs m1903653866.0%103.5%
TurnoverRs m2,5783,3242,632-20.8%2.1%
ExpensesRs m1,4842,3681,628-31.2%9.7%
Gross profitRs m9045916184.4%-31.7%
DepreciationRs m282716-42.2%-44.2%
InterestRs m22316024553.5%10.0%
Profit before taxRs m843770744-3.4%-11.8%
TaxRs m25614873-50.4%-71.4%
Profit after taxRs m5876226707.8%14.2%
Gross profit margin%37.820.027.5
Effective tax rate%30.419.29.8
Net profit margin%22.818.725.5
* 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 6.0% on a year-on-year (YoY) basis. The expenses were up by 9.7% YoY during the same period.
  • The company's operating profit declined by 31.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 27.5% in 4QFY19 as against 37.8% in 4QFY18.
  • Depreciation charges declined by 44.2% and finance costs increased by 10.0% YoY, respectively.
  • Other income increased by 103.5% YoY during the quarter.
  • Net profit for the quarter increased by 14.2% YoY. Net profit margins during the quarter increased from 22.8% in 4QFY18 to 25.5% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 24.1% on a quarter-on-quarter (QoQ) basis. The expenses were down by 31.2% QoQ during the same period.
  • The company's operating profit increased by 4.4% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 27.5% in 4QFY19 as against 20.0% in 3QFY18.
  • Net profit for the quarter increased by 7.8% QoQ, while net profit margins increased from 18.7% in 3QFY18 to 25.5% in 4QFY19.

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 145.8 to Rs 70.6, registering a Loss of Rs 75.3 or around 51.6%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 7,548.8 (up 0.8%). Over the last one year it has moved up from 6,929.0 to 7,548.8, a gain of 620 points (up 8.9%).

Overall, the S&P BSE SENSEX is up 12.7% over the year.

Current Valuations

At the current price of Rs 70.6, the price to earnings (P/E) ratio of EROS INTERNATIONAL stands at 2.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.3 times.

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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.

EROS INTERNATIONAL Announces Quarterly Results (3QFY19); Net Profit Down 7.4% (Quarterly Result Update)

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Oct 18, 2019 09:29 AM

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