Eros Intl Q1FY18 Net Profit up 43% at Rs. 483 mn

Highlights of Q1FY18 vs Q4FY17

• Revenue growth of 30% at Rs. 2,734 mn
• Net Profit up 43% at Rs. 483 mn
• PAT margin growth by 1.7% from 16% to 17.7%

Mumbai : 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 ended June 30, 2017.

The revenue for Q1FY18 is at Rs. 2,734 mn, against Rs. 2,104 mn in Q4FY17; up 30%. Net Profit for Q1FY18 stands at Rs. 483 mn, against Rs. 337 mn in Q4FY16; up 43%.

Operational Highlights:

 Operational Overview

• Theatrical revenues in Q1FY2018 were driven by releases of Sarkar 3, Oru Kidayin Karunai Manu (Tamil), Tujha Tu Majha Mi (Marathi), Aake (Kannada) and Posto (Bengali)
• Company released a total of 5 films in Q1FY2018
• Revenues from Television & Others, Overseas segment and catalogue contribution from the Company’s extensive film library contributed to the financial performance

Diversified revenue mix

• During Q1 FY2018, Theatrical Revenues contributed – 41.0%, Overseas Revenues – 15.9% and Television & Others – 43.1% as a percentage of Income from Operations

A well-balanced Hindi & Regional film release strategy

• Sarkar 3 – a high‐budget Hindi film released during the quarter. The satellite rights for the film were pre‐sold to ZEE TV prior to its theatrical release
• Across the regional film category, Oru Kidayin Karunai Manu (Tamil), Tujha Tu Majha Mi (Marathi), Aake (Kannada) and Posto (Bengali) were released in the quarter
• Munna Michael, a medium‐budget film, marked an encouraging start to Q2 FY18, with the satellite rights being pre‐sold to Zee TV prior to its theatrical release.

Commenting on the performance of Q1 FY2018, Mr. Sunil Lulla, Executive Vice Chairman & MD of Eros International Media Ltd. said,

“Q1 FY2018 was marked by the box‐office releases of our films led by Sarkar 3, Oru Kidayin

Karunai Manu (Tamil), Tujha Tu Majha Mi (Marathi), Aake (Kannada) and Posto (Bengali). Our portfolio approach with an objective to build a healthy regional slate served us well as we are seeing growth across the regional languages. Our pre‐sales and catalogue monetization strategy continued to remain strong during the quarter.

We are scaling content co‐production and ownership in fiscal 2018 with greater emphasis on the coproduction model. The launch of Trinity Pictures, our film label for franchise films and investments in our joint venture Colour Yellow Productions are concrete steps taken in this direction. Trinity Writers Room has already completed development of 20 franchises which are in various stages of development and production.

Eros has a compelling slate for FY 2018, including films such as Trinity Pictures Sniff – I Spy, Shubh Mangal Savdhan, Mukkebaz, Chanda Mama Door Ke, Bhavesh Joshi, Happy Bhaag Jayegi 2 and Soorma to name a few Hindi films. In addition, Eros has a number of Tamil, Telugu, Punjabi, Bengali, Marathi and Malayalam films that we look forward to releasing during the year.”

Major Upcoming Releases