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Eros International Profits Up 41% To Rs 37 Cr In Q2-FY14; Revenue Down 13% YoY

Eros International Media, the Indian subsidiary of Eros International Plc has reported increased profits of Rs 36.97 crore for the quarter ending September 30, 2013 (Q2-FY14), a 41.7% growth from Rs 26.1 crore profit in the same quarter last year. The total revenue however declined to Rs 201.5 crore for the quarter, a 12.8% dip from Rs 231.1 crore in the same quarter last year. Operational Highlights During the quarter, Eros International’s paid movie streaming service, ErosNow had inked content tie-ups with UTV and Viacom18 to add Bollywood movie titles to its catalogue. As part of the partnership, it had added around 50 Viacom18 movie titles like Special 26, Chashme Baddoor and others and UTV movie titles like Rowdy Rathore, Barfi, Rang De Basanti, Jodha Akbar, Kaminey and others. Besides this, the company hasn’t disclosed any specific information on how its digital offerings had performed during the quarter. In the previous quarter, Eros had claimed…

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