Eros International Media Limited (Eros International), a leading global Company in the Indian film entertainment industry, today announced its consolidated financial results for the quarter and full year ended June 30, 2016.

The revenue for Q1FY17 is at Rs. 4,104 mn, against Rs. 3, 364 mn in Q1FY16; up 22%. Revenues for Q1FY16 has been normalised for one-time sale of digital rights of Rs. 1,442 mn. Net Profit for Q1FY17 stands at Rs. 589 mn, against Rs. 529 mn in Q1FY16; up 11.2%.

Operational Highlights:

  • Solid financial performance
    • Theatrical revenues during the quarter were driven by worldwide releases of Housefull 3, Ki and Ka, Nil Battey Sannata, Sardaar Gabbar Singh (Telugu), 24 (Tamil), amongst other releases
    • Satellite sales during the quarter included, Ki and Ka, Sardaar Gabbar Singh (Telugu), 24 (Tamil), Nil Battey Sannata, Phobia
    • Housefull 3 and Sardaar Gabbar Singh (Hindi) were pre-sold, with revenues being recognised in Q2FY2017
  • Diversified revenue mix
    • Theatrical Revenues contributed – 52.1%, Overseas Revenues – 17.2% and Television  & Others – 30.7% as a percentage of Income from Operations
  • A well-balanced Hindi & Regional film release strategy
    • Housefull 3  became the 3rd highest Bollywood grosser in CY2016
    • One of the biggest box-office grosser of the year with net box office collections in India of Rs. 1.06 billion
    • Ki & Ka, a medium-budget film, registered net box office collections in India of Rs. 516 million, delivering an attractive Return on Investment
    • Other notable small budget Hindi films include Nil Battey Sannata and Phobia
    • Regional movies – ‘24’ (Tamil) and Sardaar Gabbar Singh (Telugu) were high budget films for the regional markets and in accordance with the Eros strategy  for regional films, pre-sold across theatrical, TV and other platforms.
    • Marudhu (Tamil), a medium budget film, was the other notable regional film released
    • Dishoom marked a solid start to Q2 FY17 – crossed net box office collections of Rs. 680 million

Commenting on the performance of Q1 FY2017, Mr. Sunil Lulla, Executive Vice Chairman & MD of Eros International Media Ltd. said,

“Fiscal 2017 has begun on an excellent note for Eros International with notable progress on operational and strategic parameters. Our approach towards investing in high quality portfolio of film content, which is greenlit at appropriate budgets and is monetized across various revenue streams, continues to yield positive results. The quarter was marked by the successful box-office run of our films led by ‘Housefull 3’, ‘Ki and Ka’, ‘Sardaar Gabbar Singh’ (Telugu), ‘24’ (Tamil), and ‘Nil Battey Sannata’ amongst a host of other films. This year is also marked by strong pre-sales of majority of our film slate including, ‘Ki and Ka’, ‘Dishoom’, ‘Baar Baar Dekho’, ‘Rock On 2’,‘Banjo’ as well as regional films to leading satellite channels, as a part of our derisking strategy and ensuring revenue and cash flow visibility.

Q2FY2017 has also begun well with the power packed performance of ‘Dishoom’ and ‘Happy Bhaag Jayegi’ and our Telugu release ‘Janatha Garage’ is heading to be the biggest Telugu grosser of this year. Our compelling line-up for the remainder of the year features high-potential movies such as ‘Banjo’, ‘Baar Baar Dekho’, ‘Rock On 2’, amongst a host of other Hindi and regional movies. As we look forward to the future, we believe that the Indian Media and Entertainment market provides a tremendous backdrop for the sustained growth of the Company in the years to come.”

Major Upcoming Releases

Film Name LanguageStar Cast/(Director/Producer) Tentative Release
& Jara HatkeMarathiIndraneil Sengupta & Mrinal Kulkarni / (Ravi Jadhav)Released in Q2 FY17
WhiteMalayalamMammootty, Huma Qureshi, Shankar Ramakrishnan / (Uday Amanthan)Released in Q2 FY17
Saat KadamHindiAmit Sadh, Deeksha Seth, Ronit Roy / (Mohit Jha)Released in Q2 FY17
DishoomHindiJohn Abraham, Varun Dhawan, Jackie Fernandez / (Nadiadwala / Rohit Dhawan)Released in Q2 FY17
Happy Bhaag JayegiHindiAbhay Deol & Diana Penty / (Colour Yellow / Mudassar Aziz)Released in Q2 FY17
Janatha GarageTeluguJunior NTR, Mohanlal, Samantha Ruth and Nithya Menen / (Koratala Siva)Released in Q2 FY17
Baar Baar DekhoHindiSiddharth Malhotra & Katrina Kaif / (Dharma / Nitya Mehra)Q2 FY17
BanjoHindiRiteish Deshmukh & Nargis Fakhri / (Ravi Jadhav)Q2 FY17
Raaz Reboot (Overseas)HindiEmraan Hashmi, Kriti Kharbanda (Vikram Bhatt)Q2 FY17
OlappeeppiMalayalamBiju Menon, Punasseri Kanjana (Vibezon Movies)Q2 FY17
ManmarziyanHindiAyushmann Khuranna & Bhumi Pednekar / (Colour Yellow)Q3 FY17
Rock On 2HindiFarhan Akhtar, Arjun Rampal / (Excel / Shujaat Saudagar)Q3 FY17
Chaar Sahibzaade 2Punjabi 3D Animation / (Harry Baweja)Q3 FY17
Kahani 2HindiVidya Balan, Arjun Rampal (Sujoy Ghosh)Q3 FY17
MarupadiMalayalamRahman, Bhama, Baby Nayanthara (Bedi Motion pictures)Q3 FY17
Ticket to BollywoodHindiAmyra Dastoor, Diganth Manchale / (Eros)Q4 FY17
Guru Tegh BahadurPunjabi3D Animation / (Harry Baweja)

Q4 FY17


Article Name
Eros International Q1FY17 Net Profit up 11% at Rs. 589 mn
Eros International, a leading global Company in the Indian film entertainment industry announced its consolidated financial results.