Category: Movies

  • YRF launches in-house VFX studio; Pankaj Khandpur named creative director

    YRF launches in-house VFX studio; Pankaj Khandpur named creative director

    MUMBAI: YRF Studios has launched its independent visual effects (VFX) division called yFX.

    yFX has roped in Pankaj Khandpur as creative director. Khandpur was previously with VFX company Tata Elxsi – Visual Computing Labs as creative director.

    The first film under the yFX division will be Yash Raj Films’ Salman Khan – Anushka Sharma starrer Sultan.

    YRF Studios vice president and Yash Raj Films finance and business affairs Akshaye Widhani said, “The Indian film industry is pushing the envelope with every film and visual effects will play a bigger part than ever before in Indian cinema. Like Hollywood films, Indian films too will become an event by itself, which means more effects and larger than life imagery. This state of the art facility will be housed in YRF Studios making YRF a fully integrated studio in every sense of the word.”

    Khandpur added, “With yFX, the Indian visual effects industry finally comes of age! Visual effects will now be treated on par with all the other critical departments in filmmaking, contributing to the process from day one: from the ideation of the script itself, all the way through to final world-class execution, thanks to our experienced, skilled and passionate team of designers, supervisors and artists.

  • Movies Now joins hand with Romedy Now this Valentine’s

    Movies Now joins hand with Romedy Now this Valentine’s

    MUMBAI: This Valentine’s, Twitterati celebrated as two popular television channels brought the house down with the most innovative digital activity ever!

    In a first of its kind initiative, Movies Now flirted with Romedy Now and made it the most memorable Valentine’s Day for the twitter community who joined in the conversation to make sure Romedy NOW accepts the date.

    It all started at 10:30 am on February 14 when MOVIES NOW was seen making a move on Romedy NOW, who seemed a bit reticent initially, but finally agreed to go on a date with MOVIES NOW – only after MOVIES NOW pulled out all the moves to get Romedy NOW to #BeMyValentine.

    The two channels used dialogues from iconic movies and series to make the conversation an extraordinary one for all Twitterati. The conversation involved the followers of both brands to support them in their responses to each other, which enriched the exchange even more! 

    The unique activity was conceptualized by MOVIES NOW’s digital agency Carpe Diem and executed by agencies of both brands – Carpe Diem and Skarma.

  • Movies Now joins hand with Romedy Now this Valentine’s

    Movies Now joins hand with Romedy Now this Valentine’s

    MUMBAI: This Valentine’s, Twitterati celebrated as two popular television channels brought the house down with the most innovative digital activity ever!

    In a first of its kind initiative, Movies Now flirted with Romedy Now and made it the most memorable Valentine’s Day for the twitter community who joined in the conversation to make sure Romedy NOW accepts the date.

    It all started at 10:30 am on February 14 when MOVIES NOW was seen making a move on Romedy NOW, who seemed a bit reticent initially, but finally agreed to go on a date with MOVIES NOW – only after MOVIES NOW pulled out all the moves to get Romedy NOW to #BeMyValentine.

    The two channels used dialogues from iconic movies and series to make the conversation an extraordinary one for all Twitterati. The conversation involved the followers of both brands to support them in their responses to each other, which enriched the exchange even more! 

    The unique activity was conceptualized by MOVIES NOW’s digital agency Carpe Diem and executed by agencies of both brands – Carpe Diem and Skarma.

  • Dia Mirza to star in first Indo-Iranian co-production with Iranian superstar

    Dia Mirza to star in first Indo-Iranian co-production with Iranian superstar

    NEW DELHI: Actor Dia Mirza has begun shooting for a first-of-its-kind Indo-Iranian co-production opposite Iranian superstar Mohammad Reza Golzar. 

    “This movie is going to be a confluence of the two countries as well as Indian and Iranian cultures and that’s what got me really excited,” said Mirza.

    The movie titled Salaam Mumbai explores the tumultuous love story of the two main protagonists.

    “Golzar is considered to be the Shah Rukh Khan of Iranian cinema, and through him I thought it would be interesting to be exposed to a new audience of 80 million Iranians,” she added.

    Interestingly, the deal came through when Mirza met Shah Rukh Khan’s doctor Dr Ali Irani, who in turn introduced her to the Iranian producer.

    “This is a movie about two medical students from different parts of the world finding love, and one that will capture the rich cinematic legacies of the two countries,” she added.

    Salaam Mumbai is directed by Iranian director Ghorban Mohammadpour and has Javad Norouzbeigi as one of the producers. Previously, Norouzbeigi has also partnered with Majid Majidi on The Sea of Sparrows.

    “As the world shrinks and artists from different countries collaborate to work together, it’s a great opportunity for us to learn and take our art to newer platforms and audiences,” added Mirza.

  • Dia Mirza to star in first Indo-Iranian co-production with Iranian superstar

    Dia Mirza to star in first Indo-Iranian co-production with Iranian superstar

    NEW DELHI: Actor Dia Mirza has begun shooting for a first-of-its-kind Indo-Iranian co-production opposite Iranian superstar Mohammad Reza Golzar. 

    “This movie is going to be a confluence of the two countries as well as Indian and Iranian cultures and that’s what got me really excited,” said Mirza.

    The movie titled Salaam Mumbai explores the tumultuous love story of the two main protagonists.

    “Golzar is considered to be the Shah Rukh Khan of Iranian cinema, and through him I thought it would be interesting to be exposed to a new audience of 80 million Iranians,” she added.

    Interestingly, the deal came through when Mirza met Shah Rukh Khan’s doctor Dr Ali Irani, who in turn introduced her to the Iranian producer.

    “This is a movie about two medical students from different parts of the world finding love, and one that will capture the rich cinematic legacies of the two countries,” she added.

    Salaam Mumbai is directed by Iranian director Ghorban Mohammadpour and has Javad Norouzbeigi as one of the producers. Previously, Norouzbeigi has also partnered with Majid Majidi on The Sea of Sparrows.

    “As the world shrinks and artists from different countries collaborate to work together, it’s a great opportunity for us to learn and take our art to newer platforms and audiences,” added Mirza.

  • Box Office: ‘Sanam Re’ collections triumph over ‘Fitoor’ in opening weekend

    Box Office: ‘Sanam Re’ collections triumph over ‘Fitoor’ in opening weekend

    MUMBAI: It has been a dull week and the exhibition trade is at the receiving end despite two films to distribute screens to. T-Series Sanam Re  pipped the Aditya Roy Kapur – Katrina Kaif starrer Fitoor at the box office in the opening weekend. 

    Sanam Re, a film with no story or script to back it and counting only on its musical score and hearty promotion (after all, it is a T-Series production), does not stir up excitement in the Valentine’s Day weekend as was expected. With the low figure on Friday, the film remained almost static on Saturday. However, boasting of popular music, the film did cash in on Sunday, 14 February, to show a decent improvement. The film ended its opening weekend with figures of Rs 16.3 crore.

    Fitoor, where the trade and exhibitors, especially multiplexes, had some expectations because of a decent past record of the director, Abhishek Kapoor, proved to be a pretentious and messed up script borrowed from Charles Dickens’ classic, Great Expectations. A lot of things have been grossly mixed up and confuse the viewer. The casting was a huge mismatch with only Tabu making a mark in a role, which was not really complementary to her reputation. The film improved only slightly on Saturday and Sunday but not enough to matter. It ended its first weekend with a figure of Rs 13.2 crore.

    Ghayal Once Again has not been able to make much of a mark. Old fashioned theme with treatment to match and a bad casting hurt the film hugely. With its opening weekend of Rs 21.2 crore, the film just about managed to stay afloat through rest of the week to collect Rs 33.1 crore in its first week. 

    Sanam Teri Kasam, a hackneyed love story about cancer playing the villain in the romance of a young couple, being a done to death theme, fails to garner audience interest. With its opening weekend of Rs 3.8 crore, it does not add much to the kitty in the remaining four days and ends the opening week with Rs 7.25 crore. 

    BHK Bhalla@Halla.com remains a nonstarter.

    Saala Khadoos gets a piece of the pie due to poor opposition to add Rs 1.9 crore in its second week thus taking its two week tally to Rs 10.1 crore.

    Mastizaade collects Rs 1.05 crore in its second week to take its two week total to Rs 18.7 crore.

    Airlift continues to hold its sway at the box office with excellent figures in its third week. The film added a handsome Rs 10.8 crore for its third week taking its three week tally to a healthy Rs 122.1 crore. 

    Kyaa Kool Hain Hum comes to the end of its run with figures of Rs 20 lakh in its third week to take its three week total to Rs 27 crore.

  • Box Office: ‘Sanam Re’ collections triumph over ‘Fitoor’ in opening weekend

    Box Office: ‘Sanam Re’ collections triumph over ‘Fitoor’ in opening weekend

    MUMBAI: It has been a dull week and the exhibition trade is at the receiving end despite two films to distribute screens to. T-Series Sanam Re  pipped the Aditya Roy Kapur – Katrina Kaif starrer Fitoor at the box office in the opening weekend. 

    Sanam Re, a film with no story or script to back it and counting only on its musical score and hearty promotion (after all, it is a T-Series production), does not stir up excitement in the Valentine’s Day weekend as was expected. With the low figure on Friday, the film remained almost static on Saturday. However, boasting of popular music, the film did cash in on Sunday, 14 February, to show a decent improvement. The film ended its opening weekend with figures of Rs 16.3 crore.

    Fitoor, where the trade and exhibitors, especially multiplexes, had some expectations because of a decent past record of the director, Abhishek Kapoor, proved to be a pretentious and messed up script borrowed from Charles Dickens’ classic, Great Expectations. A lot of things have been grossly mixed up and confuse the viewer. The casting was a huge mismatch with only Tabu making a mark in a role, which was not really complementary to her reputation. The film improved only slightly on Saturday and Sunday but not enough to matter. It ended its first weekend with a figure of Rs 13.2 crore.

    Ghayal Once Again has not been able to make much of a mark. Old fashioned theme with treatment to match and a bad casting hurt the film hugely. With its opening weekend of Rs 21.2 crore, the film just about managed to stay afloat through rest of the week to collect Rs 33.1 crore in its first week. 

    Sanam Teri Kasam, a hackneyed love story about cancer playing the villain in the romance of a young couple, being a done to death theme, fails to garner audience interest. With its opening weekend of Rs 3.8 crore, it does not add much to the kitty in the remaining four days and ends the opening week with Rs 7.25 crore. 

    BHK Bhalla@Halla.com remains a nonstarter.

    Saala Khadoos gets a piece of the pie due to poor opposition to add Rs 1.9 crore in its second week thus taking its two week tally to Rs 10.1 crore.

    Mastizaade collects Rs 1.05 crore in its second week to take its two week total to Rs 18.7 crore.

    Airlift continues to hold its sway at the box office with excellent figures in its third week. The film added a handsome Rs 10.8 crore for its third week taking its three week tally to a healthy Rs 122.1 crore. 

    Kyaa Kool Hain Hum comes to the end of its run with figures of Rs 20 lakh in its third week to take its three week total to Rs 27 crore.

  • ‘Fitoor:’ Confusing and dry

    ‘Fitoor:’ Confusing and dry

    Fitoor is projected as ‘Based on the 19th century writer, Charles Dickens’ Great Expectations.’

    A story of an orphan, his phases in life and his manipulation by various people unknown to him. Being a 19th century saga, it is about star-crossed lover and all the formulae like rich poor romance, evil forces, invisible benefactors that exists in our movies even now. The makers choose the scenic Kashmir for the Kent marshlands to tell their story.

    Aditya Roy Kapur is an orphan under the care of his sister and brother-in-law living in Kashmir when the trouble is at its peak in the valley. He helps his brother-in-law who is an iron smith but has a knack for art as in drawing as well as sculpting. Then the film goes back into Dickens’ 19th century. Aditya is summoned by the Begum, Tabu. The film takes the liberty of introducing a Begum to Kashmir, the land of Maharajas. Tabu holds sway over the township and has a backstory to tell. 

    Tabu lives in a palatial house with her cute young daughter, Tunisha Sharma (to grow up as Katrina Kaif) who is enamoured by young boy Aditya. Her love for him happens after bossing over him for a time. Earlier, while only young Aditya was in love with her, now it is mutual. On the birthday of Tunisha, Aditya’s sister is felled by a bomb. When he reaches her home next day, she has already been dispatched to London for further studies by Tabu.

    Tabu has an agenda. She also sends Aditya to London to study art in which he shows talent. Otherwise, in a slow moving saga, the story moves fast here. Aditya becomes a celebrity in London and also comes across Katrina (grown up Tunisha). He is very much in love with her, she is partly in love with him because, she has, by now, found a suitor in Rahul Bhat, a Pakistani guy who studied with her in London.

    The script’s resistance ends here because it goes haywire here onwards. What follows is what you would have seen in hundreds of Indian movies from the industry’s inception till last week. Katrina is set to marry her Pakistani suitor, Rahul. Because, even if she loves Aditya, Rahul, a politician in Pakistan would mean status. As it happens in such love stories, Aditya goes berserk. 

    Actually, it is about Tabu, who was betrayed and playing with the lives of Aditya and Katrina for her personal reasons. 

    Actually, the whole narrative is so confusing and messed up, it is injustice to Dickens. Often during a film, you don’t fathom all things till they are unfolded at the end; trick with Fitoor is that you don’t understand what the film and issues were about even when you leave the cinema hall and reach home!

    Fitoor is poorly put together script, which unfolds like a mismatched jigsaw puzzle. A simple old fashioned Dickens’ story remixed for MBA aspirants. Direction is aimless. Good editor would have cut down this film to about 45 minutes. Musically, there is one number to like. The only highlight is the cinematography of the film, which is excellent. 

    Talking of performances, only Tabu stands out besides the young kids playing Katrina and Aditya. Aditya seemed to show some improvement but carried the same expressions throughout. Katrina has lost her charm and fails to appeal. 

    Fitoor, a love story, despite its opportune Valentine weekend will not be able to cash in.

    Producers: Abhishek Roy Kapoor, Siddharth Roy Kapur
    Director: Abhishek Roy Kapoor
    Cast: Aditya Roy Kapur, Katrina Kaif, Tabu, Aditi Rao Hydari, Rahul Bhat, Akshay Oberoi, Lara Dutta.

    ‘Sanam Re:’ Juke box!

    With few writers around, filmmakers seem to be going back into past for film themes. Sanam Reresorts to an old-fashioned love triangle, sort of about cursed lovers never meant to come together. 

    Pulkit Samrat is a small town lad who has landed in Mumbai to make it good. His grandpa, Rishi Kapoor, used to be a photographer, afflicted by Alzheimer’s, he is incapable of running his shop anymore and wants the property to be appropriated by his wards. Pulkit is summoned back home for the purpose.

    Back home, Pulkit is full of the memories of his childhood love, Yami Gautam, who he has not seen since he left for Mumbai.

    In this script of convenience, Pulkit has to visit Canada on an urgent assignment. There, he cultivates Urvashi Rautela purely for personal reasons. But, as it happens in such love triangles, Yami surfaces just then. 

    Actually, there is no story in this love story. But, being a T-Series home production, the film has some very popular numbers and the film seems just like an excuse to package them.

    Performances are generally routine as the roles offer no depth. Rishi Kapoor is the star talent in this film but has little to offer. The location being scenic, the film looks good visually. Direction is purely functional. The film could have done with some trimming. Musical score is an asset which can help the film to an extent through its Valentine’s Day opening weekend.

    Producers: Bhushan Kumar, Krishan Kumar
    Director: Divya Khosla Kumar
    Cast: Pulkit Samrat, Yami Gautam, Urvashi Rautela, Rishi Kapoor

  • ‘Fitoor:’ Confusing and dry

    ‘Fitoor:’ Confusing and dry

    Fitoor is projected as ‘Based on the 19th century writer, Charles Dickens’ Great Expectations.’

    A story of an orphan, his phases in life and his manipulation by various people unknown to him. Being a 19th century saga, it is about star-crossed lover and all the formulae like rich poor romance, evil forces, invisible benefactors that exists in our movies even now. The makers choose the scenic Kashmir for the Kent marshlands to tell their story.

    Aditya Roy Kapur is an orphan under the care of his sister and brother-in-law living in Kashmir when the trouble is at its peak in the valley. He helps his brother-in-law who is an iron smith but has a knack for art as in drawing as well as sculpting. Then the film goes back into Dickens’ 19th century. Aditya is summoned by the Begum, Tabu. The film takes the liberty of introducing a Begum to Kashmir, the land of Maharajas. Tabu holds sway over the township and has a backstory to tell. 

    Tabu lives in a palatial house with her cute young daughter, Tunisha Sharma (to grow up as Katrina Kaif) who is enamoured by young boy Aditya. Her love for him happens after bossing over him for a time. Earlier, while only young Aditya was in love with her, now it is mutual. On the birthday of Tunisha, Aditya’s sister is felled by a bomb. When he reaches her home next day, she has already been dispatched to London for further studies by Tabu.

    Tabu has an agenda. She also sends Aditya to London to study art in which he shows talent. Otherwise, in a slow moving saga, the story moves fast here. Aditya becomes a celebrity in London and also comes across Katrina (grown up Tunisha). He is very much in love with her, she is partly in love with him because, she has, by now, found a suitor in Rahul Bhat, a Pakistani guy who studied with her in London.

    The script’s resistance ends here because it goes haywire here onwards. What follows is what you would have seen in hundreds of Indian movies from the industry’s inception till last week. Katrina is set to marry her Pakistani suitor, Rahul. Because, even if she loves Aditya, Rahul, a politician in Pakistan would mean status. As it happens in such love stories, Aditya goes berserk. 

    Actually, it is about Tabu, who was betrayed and playing with the lives of Aditya and Katrina for her personal reasons. 

    Actually, the whole narrative is so confusing and messed up, it is injustice to Dickens. Often during a film, you don’t fathom all things till they are unfolded at the end; trick with Fitoor is that you don’t understand what the film and issues were about even when you leave the cinema hall and reach home!

    Fitoor is poorly put together script, which unfolds like a mismatched jigsaw puzzle. A simple old fashioned Dickens’ story remixed for MBA aspirants. Direction is aimless. Good editor would have cut down this film to about 45 minutes. Musically, there is one number to like. The only highlight is the cinematography of the film, which is excellent. 

    Talking of performances, only Tabu stands out besides the young kids playing Katrina and Aditya. Aditya seemed to show some improvement but carried the same expressions throughout. Katrina has lost her charm and fails to appeal. 

    Fitoor, a love story, despite its opportune Valentine weekend will not be able to cash in.

    Producers: Abhishek Roy Kapoor, Siddharth Roy Kapur
    Director: Abhishek Roy Kapoor
    Cast: Aditya Roy Kapur, Katrina Kaif, Tabu, Aditi Rao Hydari, Rahul Bhat, Akshay Oberoi, Lara Dutta.

    ‘Sanam Re:’ Juke box!

    With few writers around, filmmakers seem to be going back into past for film themes. Sanam Reresorts to an old-fashioned love triangle, sort of about cursed lovers never meant to come together. 

    Pulkit Samrat is a small town lad who has landed in Mumbai to make it good. His grandpa, Rishi Kapoor, used to be a photographer, afflicted by Alzheimer’s, he is incapable of running his shop anymore and wants the property to be appropriated by his wards. Pulkit is summoned back home for the purpose.

    Back home, Pulkit is full of the memories of his childhood love, Yami Gautam, who he has not seen since he left for Mumbai.

    In this script of convenience, Pulkit has to visit Canada on an urgent assignment. There, he cultivates Urvashi Rautela purely for personal reasons. But, as it happens in such love triangles, Yami surfaces just then. 

    Actually, there is no story in this love story. But, being a T-Series home production, the film has some very popular numbers and the film seems just like an excuse to package them.

    Performances are generally routine as the roles offer no depth. Rishi Kapoor is the star talent in this film but has little to offer. The location being scenic, the film looks good visually. Direction is purely functional. The film could have done with some trimming. Musical score is an asset which can help the film to an extent through its Valentine’s Day opening weekend.

    Producers: Bhushan Kumar, Krishan Kumar
    Director: Divya Khosla Kumar
    Cast: Pulkit Samrat, Yami Gautam, Urvashi Rautela, Rishi Kapoor

  • Q3-2016: Eros revenue down

    Q3-2016: Eros revenue down

    BENGALURU: The Sunil Lulla led Eros International Media Limited (Eros) reported a 31.7 per cent YoY drop in consolidated Total Income from operations (TIO) at Rs 335.35 crore in the quarter ended 31 December, 2015 (Q3-2016, current quarter). The company had reported TIO of Rs 490.73 crore in the corresponding prior year quarter. Operating revenue in the current quarter declined 33.6 per cent as compared to Rs 504.91 crore in the immediate trailing quarter (quarter on quarter or QoQ).

    Note: 100,00,000 = 100 lakh = 10 million = 1 crore
    All numbers in this are consolidated unless stated otherwise.

    Profit after tax (PAT) in the current quarter declined to almost a third (down 65.5 per cent) year on year (YoY) to Rs 37.77 crore (11.3 per cent margin) as compared to Rs 109.34 crore (22.3 per cent margin) and fell 58.2 per cent as compared to to Rs 90.30 crore (17.9 per cent margin) in the immediate trailing quarter.

    The company says its revenues vary quarter on quarter based on release slate. In Q3-2016, there was only one high budget film compared to three high budget films in Q3-2015 with only partial revenues of Bajirao Mastani.

    In Q3-2016, Eros says that one high budget, four medium and 10 low budget films were released as against three high budget, one medium and eight low budget movies in Q3-2015. During the quarter, 15 movies were released consisting of seven Hindi and five Tamil/Telugu films and three Regional film as compared to 12 films during Q3-2015, which included eight Hindi and four Tamil/Telugu films.

    Eros further informs that apart from the new release slate, a significant part of its revenue is contributed by monetisation of its valuable film library, and generally has a second half skew. Since catalogues revenues have longer payment cycles associated with them the company has decided to defer sales for couple of quarters until its receivables position normalises.

    Receivables

    As on 31 December, 2015, Eros says that its total receivables stood at Rs 6,358 million as compared to Rs 6,300 million as on 30 September, 2015. Receivables not due as of 31 December, 2015 was Rs 339.3 crore as compared to Rs 389.9 crore as on 30 September, 2015. Receivables over 365 days old were Rs 38.8 crore as of 31 December, 2015.

    Between 1 January, 2016 to 7 February, 2016, the company has seen a further collection of Rs 52.5 crore of receivables of the period up to 31 December, 2015. The company says that it remains confident to bring the overall receivables down to Rs 525 crore by the end of FY-2016.

    Company speak

    Eros executive vice chairman and managing director Sunil Lulla said, “I am pleased to announce yet another profitable quarter from Eros International driven by the blockbuster success of Bajirao Mastani and a string of regional releases. Our results for the nine months ended December 2015 reflect the strong performance of our film slate with total domination of the box office charts withBajrangi Bhaijaan, Tanu Weds Manu Returns, Welcome Back, etc.; and strong television, ancillary and overseas revenues to complement the box office. We are very proud that our films have been dominating the Bollywood awards declared for CY2015. We continue to pride our green-lighting process and build on our portfolio strategy of films across varied budgets and languages backed by strong pre-sales to de-risk the business model.

    “We are upbeat about our film slate for FY-2017, which includes a string of high-octane releases such as R. Balki’s Ki & Ka, the hit franchise comedy Housefull 3, the highly anticipated rock musical franchise Rock On 2, the action drama, Shivaay and a host of regional releases amongst others,” continued Lulla.
    “We firmly believe that the company has a conservative capital structure and a well-funded balance sheet and we are proud to bring down our Net Debt/Equity ratio to just 0.11 with a free cash flow of Rs 1,320 million in the 9M FY2016. I am confident that with our clear strategic focus, differentiated revenue streams and regional strategy execution, we will continue to deliver solid results in the future and we thank all our shareholders and associates for their continued support,” added Lulla.

    Eros International Plc Group CEO Jyoti Deshpande added, “Calendar year 2015 has been nothing short of brilliant for Eros International operationally with a higher than average box office success of our entire film slate along with critical acclaim and awards to go with it. This year also marked the beginning of the monetisation of the 30 million plus registered users of Eros now our OTT platform and our foray into what could be potentially ground breaking Indo – China co-productions. We continue to support Eros International Media in every possible way with our strong balance sheet and are thrilled that Eros International Media has achieved a free cash flow (FCF) of Rs 1,320 million in the 9M-2016. We look forward to announcing Q3 results of Eros International Plc later in February with a further update on other related matters. once again we thank our shareholders, business associates, the Indian film industry and other partners who have helped us strengthen our resolve even in tough times.”

    Revenue breakup: Eros breakup of revenue for 9M-2016 (nine month period ended 31 December, 2015): Theatrical Revenue – 44.2 per cent; Overseas Revenue – 29.3 per cent; Television and others 26.5 per cent.

    Total Expenditure in the current quarter declined 21.6 per cent YoY to Rs 270.59 crore (80.7 per cent of TIO) as compared to Rs 345.34 crore (70.4 per cent of TIO) and declined 27.1 per cent QoQ as compared to Rs 370.97 crore (73.5 per cent of TIO).

    The company’s EBIT (Earnings before Interest and Taxes) declined 53.9 per cent YoY to Rs 67.65 crore (20.2 per cent margin) as compared to Rs 146.63 crore (29.9 per cent margin) and declined 51.3 per cent QoQ as compared to Rs 139.01 crore (27.5 per cent margin).

    Employee Benefits Expense (EBE) in the current quarter increased 47.2 per cent YoY to Rs 14.12 crore (4.2 per cent of TIO) as compared to Rs 9.59 crore (two per cent of TIO), but declined 1.2 per cent QoQ from Rs 14.29 crore (2.8 per cent of TIO).