Eros International Q1 up 11% to Rs 59 crore

The firm had reported a net profit of Rs 52.94 crore in the April-June quarter a year ago, Eros International informed BSE.

Eros International Media today reported 11.20 percent increase in its consolidated net profit to Rs 58.87 crore for the first quarter ended June 30. The firm had reported a net profit of Rs 52.94 crore in the April-June quarter a year ago, Eros International informed BSE. However, its consolidated net sales during the quarter under review was down 13.61 percent to Rs 408.17 crore as against Rs 472.48 crore in the corresponding quarter of the last fiscal. Commenting on the performance Eros International Executive Vice Chairman & MD Sunil Lulla said: "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." Its total expenses were down 14.43 percent to Rs 329.37 crore as against Rs 384.94 crore. Over the outlook, he said Q2 FY2017 has also begun well with the power packed performance of Dishoom and Happy Bhaag Jayegi and 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," he said. Shares of Eros International Media today closed 1.44 percent up at Rs 225.80 apiece on BSE.

O.. This is good if they are showing higher profitability