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Tag: Raanjhaana

  • Eros International reports higher income, profit in Q3-2014

    Eros International reports higher income, profit in Q3-2014

    BENGALURU: Eros International Media Limited (Eros) posted 17.2 per cent y-o-y consolidated operating income at Rs 432.68 crore in Q3-2014 as compared to the Rs 369.33 crore in last year’s quarter and was more than double (2.15 times) the operating income of Rs 201.05 crore in the immediate trailing quarter. Over the nine month period that ended 31 December, 2013, Eros reported a 4.2 per cent drop in operating income from Rs 855.63 crore to Rs 820.05 crore in the corresponding period of the previous year. Operating Income for FY 2013 was Rs 1067.95 crore.

     

    The company’s PAT in Q3-2014 at Rs 91.99 was 41.1 per cent higher as compared to the Rs 65.2 crore in Q3-2013 and also more than double (2.48 times) the Rs 36.97 crore in Q2-2014. YTD, PAT for the current quarter was up by 29 per cent to Rs 158.30 crore as compared to Rs 122.71 crore in last year’s nine month period. For FY 2013, Eros reported PAT of Rs 154.53 crore.

     

    Eros Managing Director Sunil Lulla said, “The company has showcased its success with releases such as Ram Leela, R…Rajkumar, Grand Masti, Raanjhaana, Krissh 3 (Overseas), Yeh Jawaani Hai Deewani (Overseas) and Phata Poster Nikla Hero (Overseas). These releases are continuously being monetised over several distribution platforms. With a diversified mix of high budget and moderately budgeted-high concept movies in our future movie stale, we believe that we will exhibit sustained success in the future as well.”

     

    Let us look at the other Q3-2014 figures reported by Eros:

     

    Consolidated total expense for Q3-2014 at Rs 298.4 crore was 6.5 per cent more than the Rs 280.27 crore in Q3-2013 and almost double (1.97 times) the expense of Rs 151.16 crore in the immediate trailing quarter. Year-to-Date (YTD), Eros reported expense of Rs 597.64 crore, which was 11.6 per cent lower than the Rs 675.95 crore in the corresponding nine month period of last year. In FY 2013, Expense was Rs 848.13 crore.

     

    Earnings before Income & Tax (EBIT) reported by the company for Q4-2014 at Rs 135.25 crore was up by 50.5 per cent as compared to the EBIT of Rs 89.86 crore in Q3-2013 and also more than double (2.68 times) the Rs 50.31 crore in Q2-2014. YTD, EBIT at Rs 231.69 crore was 25.6 per cent more than the Rs 184.47 crore in the corresponding nine months of the previous year. For FY 2013, Eros EBIT was Rs 226.22 crore.

     

    Eros Finance cost for Q3-2014 at Rs 7.39 crore was almost triple (2.84 times) the Rs 2.6 crore in Q3-2013 and 19.2 per cent more than the Rs 6.2 crore in Q2-2014. YTD, the company’s finance cost was more than double (2.44 times) at Rs 18.2 crore as compared to the Rs 7.44 crore in the corresponding nine months of the previous year. In FY 2013, Eros paid finance costs of Rs 9.22 crore.

     

    The company says that 41 films (15 Hindi, 25 Tamil and 1 other regional) were released during the nine month of FY 2014 as compared to 60 (26 Hindi, 32 Tamil and 2 other regional) films in during nine month FY 2013. It says that strong theatrical revenues during 9M FY 2014 have showcased the success of overseas releases, namely: Ram Leela, R…Rajkumar, Grand Masti, Raanjhaana, Krissh 3, Yeh Jawaani Hai Deewani and Phata Poster Nikla Hero.

     

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  • Despite lower income, releases in Q1-2014 help Eros post higher PAT for Q2-2014

    Despite lower income, releases in Q1-2014 help Eros post higher PAT for Q2-2014

    BENGALURU:  Eros International Media Limited (Eros) posted 12.8 per cent lower revenue for Q2-2014 at Rs 201.47 crore as compared to the Rs 231.05 crore for Q2-2013 and 3.7 per cent higher than the Rs 194.2 crore for Q1-2014. However, Eros’s PAT (after minority) for Q2-2014 at Rs 36.9 crore (PAT margin 18.4 per cent) was 41.8 per cent higher than the PAT of Rs 26.08 crore (PAT margin 11.4 per cent) in Q2-2013 and 26.2 per cent more than the Rs 29.3 crores (PAT margin 15.1 per cent) in Q1-2014.

     

    Eros Managing Director Sunil Lulla said, “Eros has given strong financial and operational performance in the first half of the fiscal, especially, given that we have had no high budget releases in the first half of FY 2014 compared to two high budget releases in the first half of FY 2013. The company’s performance was underpinned by the all-round success of movies like Grand Masti, Raanjhaana, Go Goa Gone and our overseas release of Yeh Jawani Hai Deewani all of which have been monetised over multiple distribution channels.”

     

    The company says that its performance during HY1-14 was also backed by other overseas releases like Furkey, Lootera, Shootout at Wadala, Ek thi Dhayan, Phata Poster Nikla Hero and within the country through regional films such as Rangeelay (Punjabi) and Tamil films. Also, television revenues for Q2-2014 were mainly underpinned by a combination of catalogue monetisation as well as delivering new films under the previously announced licensing agreement with Viacom 18.

     

    Let us look at the other HY1-2014 and Q1-2014 figures posted by Eros:

     

    Overall for HY1-2014, PAT at Rs 66.31 crore was 15.3 per cent higher than the Rs 57.49 crore Eros had reported for Q2-2013, despite releasing only 26 films (11 Hindi and 15 Tamil) in HY1-2014. In Q1-2014, Eros had 12 releases, in Q2-2014, IT HAD 14. In HY1-2013, Eros had had 42 releases.

     

    Total Expense for Q2-2014 at Rs 103.8 crore was 42.2 per cent lower than the Rs 179.51 crore for Q2-2013 and 4.2 per cent lower than the Rs 108.31 crore in Q1-2014. Direct cost for Q2-2014 at Rs 139.36 crore was 17.8 per cent lower than the Rs 169.07 crore for Q2-2013, but 6.1 per cent higher than the Rs 131.38 crore for Q1-2014.

     

    Interest cost for Q2-2014 at Rs 6.2 crore was more than double (2.26 times) the Rs 2.74 crore for Q2-2013 and 34.5 per cent more than the Rs 4.61 crore in Q1-2014. Other expense for Q2-2014 at Rs 11.8 crore was 42.8 per cent lower than the Rs 20.63 crore for Q2-2013 and 23.6 per cent lower than the Rs 15.45 crore for Q1-2014.

     

    EBIT for Q2-2014 at Rs 50.31 crore was 16.4 per cent higher than the Rs 42.35 crore for Q2-2013 and 9.1 per cent more than the Rs 46.1 crores for Q1-2014.

     

    Said Lulla, “We remain excited about our collaboration with HBO Asia and the opportunity it presents among the premium television market within India. We are also looking forward to the high profile releases in the remainder of the fiscal year  such as Ram Leela, Kochadaiyaan, Happy Ending, and a number of smaller budget high concept movies that are slated to be released in the fiscal under review.”

     

    Eros says that its collaboration with HBO Asia continues to receive an encouraging response after the launch of its two new advertisement free channels in February 2013 – HBO Defined and HBO Hits that are not only available on Dish and Airtel DTH platforms, but also on digital cable platforms such as Hathway and GTPL.

     

    Further during Q2-2014, the company’s online entertainment portal Eros Now added a host of Bollywood titles acquired from UTV and Viacom to its movie subscription service.

  • Sony Music carries out marketing innovation for ‘Gori Tere Pyaar Mein’

    Sony Music carries out marketing innovation for ‘Gori Tere Pyaar Mein’

    MUMBAI: Known for its marketing innovations with every release, Sony Music introduced a first of its kind concept for Dharma Productions’ Gori Tere Pyaar Mein. A special video teaser featuring Kareena Kapoor who will be introducing the brand new song Tooh will be launched on Gaana.com on 8 October where in every time a user logs on to the website, they will get to listen and view the teaser.

    Commenting on the same, Sony Music India marketing director Sanujeet Bhujabal said, “The film and its music has huge anticipation in the minds of the fans and they are waiting for the songs and the look of the film with bated breath. Keeping the same in mind, we decided to create a special unit where in we release a song and video teaser on Gaana.com prior to the release of the song. We are confident this build will be appreciated by the fans across the globe.”

    In the past Sony Music had created multimedia roadblocks for Student of the Year, Jannat 2, Shootout at Wadala, Raanjhaana, Bhaag Milkha Bhaag, across all the digital and music platforms.
    Composed by the multi-talented music director duo, Vishal-Shekhar – who has also worked on Punit Malhotra’s I Hate Luv Story – have created a truly memorable music that merges with the theme of the film.

  • Despite lower revenues, Eros International delivers blockbuster results for Q1-2014

    Despite lower revenues, Eros International delivers blockbuster results for Q1-2014

    BENGALURU: Last year (FY-2013), the company entered the Rs 1000 crore club with revenue of Rs 1067.75 crore. In Q1-2014, three movies – Raanjhaana, Go Goa Gone (GGG) and Yeh Jawani Hai Diwani (YJHD) raked in the moolah at the box office for Eros International Media Limited (Eros).

     

    The company says that theatrical revenues during Q1-2014 have showcased the success of global releases of Raanjhaana, GGG and YJHD (Overseas). Raanjhaana achieved an impressive box office collection of Rs 100 crore worldwide; YJHD had an overseas collection of more than Rs 60 crore, while GGG had a worldwide collection of Rs 43 crore.

     

    Eros announced consolidated income for Q1-2014 at Rs 194.2 crore, 25.1 per cent lower than the Rs 259.3 crore during the corresponding period in 2013 (Q1-2013) and 9.2 per cent lower than the Rs 213.9 crore for Q4-2013 (q-o-q).

     

    During Q1-2014, Eros released 12 films – (seven Hindi and five Tamil and other regional languages), almost half of the 23 films – (five Hindi and 18 Tamil and other regional films) in Q1-2013 and almost a third less than the 17 films – (four Hindi and 13 Tamil and other regional films) in Q4-2013.

     

    Eros managing director Sunil Lulla said, “Eros has delivered an encouraging Q1-2014 result in context of the film mix that it released in the Q1-2013. Raanjhaana, YJHD and GGG all delivered at the box office and were subsequently monetised through other revenue streams as well. Relative to their budget, the mix of films performed extremely well and demonstrates our ability to scale and change our mix to take advantage of market trends.

     

    Let us look at some of Eros’ other figures for Q1-2014

     

    Expense for Q1-2014 at Rs 148.03 crore was 28.5 per cent lower than the Rs 207 crore for Q1-2013 and 14 per cent lower than the Rs 172.21 crore for Q4-2013.

    Earnings before interest and tax (EBIT) for Q1-2014 at Rs 46.1 crore was 11.9 per cent lower than the Rs 52.3 crore for Q1-2013 and 10.4 per cent more than the Rs 41.75 crore for Q4-2013.

     

    PAT (after minority) for Q4-2014 at Rs 29.3 crore was 6.7 per cent lower than the Rs 31.4 crore in Q1-2013 and 7.9 per cent lower than the Rs 31.8 crore for Q4-2013.

     

    Lulla said, “We are really excited about our collaboration with HBO and believe that the two premium channels will gain momentum with subscribers as we launch on further DTH and digital cable platform. The industry trends are testimony that premium content will be an important factor to drive demand and we are proud to be forerunners in that space.”

     

    “We continue to expand our film content through our diversified approach of acquiring a healthy mix of movies. Our current future slate remains well-funded and we have several high profile movies lined up like Kochadiyan, Ram Leela, Rambo Rajkumar, Happy Ending and a number of high concept movies that are slated to be released in FY-2014. Our business has a natural Q3 skew due to film releases around the festival season and this year is no different and we remain positive on the outlook for FY-2014,” added Lulla.

     

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