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EROS INTERNATIONAL Announces Quarterly Results (4QFY18); Net Profit Up 85.3%

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EROS INTERNATIONAL Announces Quarterly Results (4QFY18); Net Profit Up 85.3%
Fri, 25 May

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

EROS INTERNATIONAL Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-17*
3
Dec-17*
3
Mar-18*
QoQ ChangeYoY Change
Net SalesRs m1,8061,9352,38823.4%32.2%
Other incomeRs m29811519065.6%-36.3%
TurnoverRs m2,1042,0502,57825.8%22.5%
ExpensesRs m1,4151,0191,48445.7%4.9%
Gross profitRs m392916904-1.4%130.7%
DepreciationRs m2927284.5%-5.4%
InterestRs m22518322321.4%-1.2%
Profit before taxRs m4358218432.7%93.9%
TaxRs m11815025671.3%116.9%
Profit after taxRs m317672587-12.6%85.3%
Gross profit margin%21.747.437.8
Effective tax rate%27.218.230.4
Net profit margin%15.132.822.8
* 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 32.2% on a year-on-year (YoY) basis. The expenses were up by 4.9% YoY during the same period.
  • The company's operating profit increased by 130.7% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 37.8% in 4QFY18 as against 21.7% in 4QFY17.
  • Depreciation charges and finance costs declined by 5.4% YoY and 1.2% YoY, respectively.
  • Other income declined by 36.3% YoY during the quarter.
  • Net profit for the quarter increased by 85.3% YoY. Net profit margins during the quarter increased from 15.1% in 4QFY17 to 22.8% in 4QFY18.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 23.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 45.7% QoQ during the same period.
  • The company's operating profit increased by 1.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 37.8% in 4QFY18 as against 47.4% in 3QFY17.
  • Net profit for the quarter declined by 12.6% QoQ, while net profit margins increased from 15.5% in 3QFY17 to 22.8% in 4QFY18.

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 223.2 to Rs 141.5, registering a Loss of Rs -81.7 or around 36.6%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 7,089.9 (up 1.3%). Over the last one year it has moved up from 5,769.8 to 7,089.9, a gain of 1,320.1 points (up 22.9%).

Overall, the S&P BSE SENSEX is up 0.6% over the year.

Current Valuations

At the current price of Rs 141.5, the price to earnings (P/E) ratio of EROS INTERNATIONAL stands at 5.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.7 times.

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