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Eros International profit up 29.2% to Rs 199.6 Cr in FY14; Revenue up 6.1% YoY

Eros International Media, the Indian subsidiary of Eros International Plc has reported a profit after tax of Rs 199.6 crore for the financial year ended March 31, 2014 (FY14), registering a 29.2% increase from Rs 154.5 crore profit in the previous year. The total revenue grew by 6.1% year-on-year (YoY) to Rs 1,139.6 crore for FY14, up from Rs 1,074.4 crore revenues in FY13. The EBIT margins improved to 26.3% primarily due to higher profitability of films and strong contribution from catalogue sales. On a quarterly basis, the profit after tax increased by 30.2% to Rs 41.4 crore for the quarter, up from Rs 31.8 crore in the same quarter last year. The total income grew by 45.1% to Rs 310.3 crore from Rs 213.9 crore in the same quarter last year. While Eros International Media typically doesn't disclose any information on how…

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