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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 its digital offerings are performing, its parent company Eros International PLC had reported digital and ancillary revenues of $12.9 million for the quarter ended December 21, 2013 (Q3-FY14). The company is yet to disclose its digital revenues for Q4-FY14. Operational Highlights During the quarter, Eros Now started featuring television content by featuring episodes from soaps & reality shows from Colors television channel like Balika Vadhu, Uttaran, Sasural Simar Ka, Beintehaa, Rangrasiya, Sanskaar (Season 2), Madhubala, Comedy Nights with Kapil and Khatron Ke Khiladi (Season 5), although strangely there is a really long window of 36 hours between the television premiere and the content being available on the site. Eros Now also switched to a freemium model…

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