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Tag: Ki & Ka

  • Fan fans a disastrous box office week

    Fan fans a disastrous box office week

    MUMBAI: This has been a disastrous week at the box office with exhibitors taking a big hit. This comes soon after the setback as they were made to pay high MGs and advances for Fan which they could not recoup. The three small time films released this week, Laal Rang, Nil Battey Sannata and Santa Banta Pvt Ltd have been rejected outright with their collections limited to a few lakhs each day of their opening weekend. Sadly for the exhibitors, they have nothing to curtail the shows of these films, as is done usually, with other films such as Jungle Book has. Fan is in its third week and limited footfalls, would have no takers anymore, since its collections went only downhill from the fourth day onwards.

    Nil Battey Sannata had a title that went over one’s head, these titles fail to tell a prospective viewer what is in the offing. The film has merit and was also exempted from paying entertainment tax in Delhi and UP state. If other states also grant it exemption, as it deserves to, it will be too late to help the film. The film could not put together even Rs one crore for its opening weekend.

    The makers may, however, take solace from the fact that, having been shot entirely in UP, this low budget film’s investment would be assured from the subsidy scheme of the UP government.

    Laal Rang drew a few hundred more footfalls over others due to Randeep Hooda in the lead, yet remained in the  Rs one crore range over the weekend. Hooda does not yet enjoy the status to assure a multi crore opener.

    Santa Banta Pvt Ltd may well be the frontrunner for the status of the year’s worst, amateurish and juvenile film. To add to its problems, the film was withdrawn from many cinema halls due to the Sikh community protesting against defamatory and derogatory projection of the community.

    The Jungle Book continued to do roaring business. The film has added an impressive Rs 46.8 core in its second week to take its two week total to Rs 120.8 crore. The trend for the third week is steady.

    Fan, which had a reasonable opening on day one, it being a national holiday, started dropping from day two and three, failing to add the weekend audience. However, the drop from Monday onwards for rest of the four days was rather steep. The film could add about 30 per cent for the next four days to its three day opening weekend collections to end its first week with Rs 71.5 crore with the second weekend adding another Rs 7.75 crore.

    KI & Ka added Rs 1.45 crore. The film’s three week tally stands at Rs 50.65 crore.
    Kapoor & Sons collected Rs 20 lakh in its fifth week, taking its five week total to Rs 72.1 crore.

  • Fan fans a disastrous box office week

    Fan fans a disastrous box office week

    MUMBAI: This has been a disastrous week at the box office with exhibitors taking a big hit. This comes soon after the setback as they were made to pay high MGs and advances for Fan which they could not recoup. The three small time films released this week, Laal Rang, Nil Battey Sannata and Santa Banta Pvt Ltd have been rejected outright with their collections limited to a few lakhs each day of their opening weekend. Sadly for the exhibitors, they have nothing to curtail the shows of these films, as is done usually, with other films such as Jungle Book has. Fan is in its third week and limited footfalls, would have no takers anymore, since its collections went only downhill from the fourth day onwards.

    Nil Battey Sannata had a title that went over one’s head, these titles fail to tell a prospective viewer what is in the offing. The film has merit and was also exempted from paying entertainment tax in Delhi and UP state. If other states also grant it exemption, as it deserves to, it will be too late to help the film. The film could not put together even Rs one crore for its opening weekend.

    The makers may, however, take solace from the fact that, having been shot entirely in UP, this low budget film’s investment would be assured from the subsidy scheme of the UP government.

    Laal Rang drew a few hundred more footfalls over others due to Randeep Hooda in the lead, yet remained in the  Rs one crore range over the weekend. Hooda does not yet enjoy the status to assure a multi crore opener.

    Santa Banta Pvt Ltd may well be the frontrunner for the status of the year’s worst, amateurish and juvenile film. To add to its problems, the film was withdrawn from many cinema halls due to the Sikh community protesting against defamatory and derogatory projection of the community.

    The Jungle Book continued to do roaring business. The film has added an impressive Rs 46.8 core in its second week to take its two week total to Rs 120.8 crore. The trend for the third week is steady.

    Fan, which had a reasonable opening on day one, it being a national holiday, started dropping from day two and three, failing to add the weekend audience. However, the drop from Monday onwards for rest of the four days was rather steep. The film could add about 30 per cent for the next four days to its three day opening weekend collections to end its first week with Rs 71.5 crore with the second weekend adding another Rs 7.75 crore.

    KI & Ka added Rs 1.45 crore. The film’s three week tally stands at Rs 50.65 crore.
    Kapoor & Sons collected Rs 20 lakh in its fifth week, taking its five week total to Rs 72.1 crore.

  • Fan has a reasonable opening, Ki & Ka still strong

    Fan has a reasonable opening, Ki & Ka still strong

    MUMBAI: Fan had a reasonable opening though the viewers’ reports were not going in its favour. The public holiday on the occasion of Ram Navami on Friday and enhanced admission rates by as much as 20 to 25 per cent at many cinemas helped the film to put together Rs 19.2 crore on the first day.

    The word of mouth being mixed, the collections showed a drop to the tune of nearly Rs 4 crore. On Sunday, the film did as little compared to Saturday to end its opening weekend with a total of Rs 52.35 crore. However, after bringing down the admission rates to normal from today, the film has been showing noticeable decline in footfalls.

    Love Games failed to attract the audience with skin show as its main attraction. With poor face value and a rundown story, it falls further after a low opening weekend managing to add less than Rs 1 crore over its next four days of the week to show just Rs 3.9 crore for its first week.

    Club Dancer fared miserably to make its first week also its last. 

    Jungle Book, with its combined versions, has done better than the lifetime box office of many takings of many midrange Hindi films. The film has been lapped up by all strata of audience and also drawing repeat audience. After an impressive weekend, Jungle Book remained rock steady through its first week to collect about Rs 74 crore. It is expected to continue its good run in the second week as well.

    Ki & Ka has maintained good collections in its second week. It collected Rs 11.8 crore to take its two week tally to Rs 49.25 crore.

    Kapoor & Sons has collected Rs 1.6 crore in its fourth week to take its four week total to Rs 71.9 crore.

  • Fan has a reasonable opening, Ki & Ka still strong

    Fan has a reasonable opening, Ki & Ka still strong

    MUMBAI: Fan had a reasonable opening though the viewers’ reports were not going in its favour. The public holiday on the occasion of Ram Navami on Friday and enhanced admission rates by as much as 20 to 25 per cent at many cinemas helped the film to put together Rs 19.2 crore on the first day.

    The word of mouth being mixed, the collections showed a drop to the tune of nearly Rs 4 crore. On Sunday, the film did as little compared to Saturday to end its opening weekend with a total of Rs 52.35 crore. However, after bringing down the admission rates to normal from today, the film has been showing noticeable decline in footfalls.

    Love Games failed to attract the audience with skin show as its main attraction. With poor face value and a rundown story, it falls further after a low opening weekend managing to add less than Rs 1 crore over its next four days of the week to show just Rs 3.9 crore for its first week.

    Club Dancer fared miserably to make its first week also its last. 

    Jungle Book, with its combined versions, has done better than the lifetime box office of many takings of many midrange Hindi films. The film has been lapped up by all strata of audience and also drawing repeat audience. After an impressive weekend, Jungle Book remained rock steady through its first week to collect about Rs 74 crore. It is expected to continue its good run in the second week as well.

    Ki & Ka has maintained good collections in its second week. It collected Rs 11.8 crore to take its two week tally to Rs 49.25 crore.

    Kapoor & Sons has collected Rs 1.6 crore in its fourth week to take its four week total to Rs 71.9 crore.

  • Ki &Ka…..And not much else!

    Ki &Ka…..And not much else!

    MUMBAI: R Balki is known for bringing films way out of the ordinary formula framework. The good thing about him is his sincerity and dedication because of which he gets popular artistes to work in his films. This is a must for a maker’s film to be noticed, however good his theme may be. This time, Balki decides to trade roles between a man and a woman, both well educated. While the girl is well-placed professionally and has further ambitions, the boy hails from a huge realty developer family and shuns his family business.

    Arjun Kapoor and Kareena Kapoor are on a flight from Chandigarh to Delhi, sharing the same row with the middle seat being vacant. As soon as the flight takes off, Arjun gets emotional and starts crying. He remembers how his late mother used to clutch his hands tightly while flying because she was scared of flying and today happens to be her birthday. Kareena is told the cause. Both start getting familiar.

    Arjun is a topper in IIM as all film heroes are; before the IIM era, they used to stand ‘First Class First’. He is the only son of the biggest builder in Delhi. However, instead of following his father and inheriting his construction empire, he wants to emulate his mother whom he describes as an artist. His mother ran the household, cooked and that was her art.

    Kareena, on the other hand, is an executive on the corporate ladder always aiming at the next rung. Her mother, SwaroopSampat, a widow, is a social worker with an open mind.

    Arjun and Kareena are drawn to each other and realize they are in love. They decide to marry. Arjun’s father is not in favour of the marriage, while Swaroop blesses the couple. A deal is made. While Kareena will continue with pursuing her career, Arjun will manage the household, cooking and looking after both, Kareena and Swaroop.

    This has turned out to be a life changer for all the three concerned. Arjun keeps the house, cooks, cleans, shops and generally does everything a housewife does including attending kitty parties with other housewives. Of course, he is the life of these kitty parties.

    Kareena earns a promotion and as a result, media attention. She is all over the print and electronic media. Here, she is led to talk about her husband, Arjun, and what he does. Media attention turns to Arjun, as a man who runs the household. Overnight, he is a celebrity, on talk shows, on cookery shows, just about everywhere. His TRP rates much above that of Kareena.

    Jealousy replaces love. Kareena feels deceived and assumes that despite being the scion of a billionaire builder, he wants to live off her! Her tirade looks rather forced and unconvincing. Her venting her anger sans logic, looks silly. But, then, the couple’s love has survived by saying sorry multiple times. It is not going to be different on this occasion. Predictably, Arjun’s big-shot father too realizes the value of having a family.

    Meanwhile, Jaya Bachchan has watched Arjun talking on TV and is mighty impressed. She calls him over for dinner with Amitabh Bachchan present. What was this sequence about? It is inconclusive despite both debating Arjun’s way of life.

    Balki may have tried a new story but the content ispredictable. The story lacks twists and turns and efforts are made to make it a light entertainer towards which end it works in parts. Direction is fair to say that it skips melodrama for most part, and sticks to linear treatment. The film finds no slots for music.

    Although just 126 minute in length,the film surely needs some trimming. The cinematography is pleasant. The Arjun and Kareena match does not quite jell despite their age difference having been made clear in thenarration. Arjun is okay while Kareena looks good with no major scenes to steal. Swaroop provides an excellent foil to the two.

    Ki &Ka is a slow opener and carries a very limited appeal for a section of the audience and the compulsive moviegoer types.

    Producers: Sunil Lulla, Rakesh Jhunjhunwala, R K Damani, R Balki.
    Director: R Balki.

    Cast: Arjun Kapoor, Kareena Kapoor, SwaroopSampat, Rajit Kapoor and cameos by Amitabh and Jaya Bachchan.

     

  • Ki &Ka…..And not much else!

    Ki &Ka…..And not much else!

    MUMBAI: R Balki is known for bringing films way out of the ordinary formula framework. The good thing about him is his sincerity and dedication because of which he gets popular artistes to work in his films. This is a must for a maker’s film to be noticed, however good his theme may be. This time, Balki decides to trade roles between a man and a woman, both well educated. While the girl is well-placed professionally and has further ambitions, the boy hails from a huge realty developer family and shuns his family business.

    Arjun Kapoor and Kareena Kapoor are on a flight from Chandigarh to Delhi, sharing the same row with the middle seat being vacant. As soon as the flight takes off, Arjun gets emotional and starts crying. He remembers how his late mother used to clutch his hands tightly while flying because she was scared of flying and today happens to be her birthday. Kareena is told the cause. Both start getting familiar.

    Arjun is a topper in IIM as all film heroes are; before the IIM era, they used to stand ‘First Class First’. He is the only son of the biggest builder in Delhi. However, instead of following his father and inheriting his construction empire, he wants to emulate his mother whom he describes as an artist. His mother ran the household, cooked and that was her art.

    Kareena, on the other hand, is an executive on the corporate ladder always aiming at the next rung. Her mother, SwaroopSampat, a widow, is a social worker with an open mind.

    Arjun and Kareena are drawn to each other and realize they are in love. They decide to marry. Arjun’s father is not in favour of the marriage, while Swaroop blesses the couple. A deal is made. While Kareena will continue with pursuing her career, Arjun will manage the household, cooking and looking after both, Kareena and Swaroop.

    This has turned out to be a life changer for all the three concerned. Arjun keeps the house, cooks, cleans, shops and generally does everything a housewife does including attending kitty parties with other housewives. Of course, he is the life of these kitty parties.

    Kareena earns a promotion and as a result, media attention. She is all over the print and electronic media. Here, she is led to talk about her husband, Arjun, and what he does. Media attention turns to Arjun, as a man who runs the household. Overnight, he is a celebrity, on talk shows, on cookery shows, just about everywhere. His TRP rates much above that of Kareena.

    Jealousy replaces love. Kareena feels deceived and assumes that despite being the scion of a billionaire builder, he wants to live off her! Her tirade looks rather forced and unconvincing. Her venting her anger sans logic, looks silly. But, then, the couple’s love has survived by saying sorry multiple times. It is not going to be different on this occasion. Predictably, Arjun’s big-shot father too realizes the value of having a family.

    Meanwhile, Jaya Bachchan has watched Arjun talking on TV and is mighty impressed. She calls him over for dinner with Amitabh Bachchan present. What was this sequence about? It is inconclusive despite both debating Arjun’s way of life.

    Balki may have tried a new story but the content ispredictable. The story lacks twists and turns and efforts are made to make it a light entertainer towards which end it works in parts. Direction is fair to say that it skips melodrama for most part, and sticks to linear treatment. The film finds no slots for music.

    Although just 126 minute in length,the film surely needs some trimming. The cinematography is pleasant. The Arjun and Kareena match does not quite jell despite their age difference having been made clear in thenarration. Arjun is okay while Kareena looks good with no major scenes to steal. Swaroop provides an excellent foil to the two.

    Ki &Ka is a slow opener and carries a very limited appeal for a section of the audience and the compulsive moviegoer types.

    Producers: Sunil Lulla, Rakesh Jhunjhunwala, R K Damani, R Balki.
    Director: R Balki.

    Cast: Arjun Kapoor, Kareena Kapoor, SwaroopSampat, Rajit Kapoor and cameos by Amitabh and Jaya Bachchan.

     

  • Digi Osmosis unique campaign for ‘Ki & Ka’

    Digi Osmosis unique campaign for ‘Ki & Ka’

    MUMBAI: Digi Osmosis has crafted a unique campaign for R Balki’s latest production Ki &Ka from the T-Series Films stable by creating a special app for the Ki & Ka facebook page. Once the viewer has watched the trailer on Facebook, a question pops up asking the viewer ‘Who are you in your life, Ki or Ka?’. It further asks  viewers if they are the independent, career-oriented, outspoken Ki or the homely, loving and caring Ka. 

    After the viewer answers and clicks the share button, the trailer is shared on the user’s timeline on Facebook with another caption – ‘I’m Ka in real life but you know, ??????ling (Feminine) and ???ling (Masculine) means the same thing!’

    Commenting on the campaign Digi Osmosis founder Manish Kumar said, “For this trailer, the strategy was simple; there are thousands of people who identify with Ki&Ka on a very personal level. They will find it to be a very interesting activity and in turn share it with their friends. Their friends in turn, find it a quirky and engage with the trailer, repeating the process. This encourages share-ability, a factor crucial for social media and creates a simple viral chain garnering the reactions required. ”

    Ki & Ka director and producer R Balki mentioned that “It has been a terrific learning experience for me working with the Digi Osmosis team. I gave them the trailer of Ki & Ka and they just had a few hours to convert it into an active engagement piece rather than a passive experience. They developed an app embedded in the trailer to make the viewer see herself/ himself as the characters in the story and respond. Simple. Innovative. And really on the ball.”

  • Digi Osmosis unique campaign for ‘Ki & Ka’

    Digi Osmosis unique campaign for ‘Ki & Ka’

    MUMBAI: Digi Osmosis has crafted a unique campaign for R Balki’s latest production Ki &Ka from the T-Series Films stable by creating a special app for the Ki & Ka facebook page. Once the viewer has watched the trailer on Facebook, a question pops up asking the viewer ‘Who are you in your life, Ki or Ka?’. It further asks  viewers if they are the independent, career-oriented, outspoken Ki or the homely, loving and caring Ka. 

    After the viewer answers and clicks the share button, the trailer is shared on the user’s timeline on Facebook with another caption – ‘I’m Ka in real life but you know, ??????ling (Feminine) and ???ling (Masculine) means the same thing!’

    Commenting on the campaign Digi Osmosis founder Manish Kumar said, “For this trailer, the strategy was simple; there are thousands of people who identify with Ki&Ka on a very personal level. They will find it to be a very interesting activity and in turn share it with their friends. Their friends in turn, find it a quirky and engage with the trailer, repeating the process. This encourages share-ability, a factor crucial for social media and creates a simple viral chain garnering the reactions required. ”

    Ki & Ka director and producer R Balki mentioned that “It has been a terrific learning experience for me working with the Digi Osmosis team. I gave them the trailer of Ki & Ka and they just had a few hours to convert it into an active engagement piece rather than a passive experience. They developed an app embedded in the trailer to make the viewer see herself/ himself as the characters in the story and respond. Simple. Innovative. And really on the ball.”

  • 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).

  • 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).