Eros International Q1 consolidated net profit declines to Rs 27.05 cr
MUMBAI: Eros International Media’s consolidated net profit for Q1 FY20 has declined to Rs 27.05 crore from Rs 59.95 crore in Q1 FY19.
Total income fell to Rs 210.2 crore from Rs 223.5 crore. Income from operations stood at Rs 183.5 crore compared to Rs 217.9 crore.
Expenses jumped to Rs 170.9 crore compared to Rs 146.4 crore. Film right costs including amortisation costs dropped to Rs 66.93 crore from Rs 90.1 crore.
The company’s standalone net profit has dropped to Rs 11.02 crore compared to Rs 25.19 crore in the corresponding quarter of the previous fiscal.
The total income for the quarter stood at Rs 158.5 crore as against Rs 165.4 crore. Income from operations was Rs 149.2 crore compared to Rs 163.1 crore.
Expenses increased to Rs 136.2 crore compared to Rs 123.3 crore. Films right costs including amortisation costs were Rs 51.18 crore compared to Rs 74.8 crore.