Crossed Rs 100 cr PAT for first time, see weaker Q4: Eros

In an interview to CNBC-TV18, Jyoti Deshpande, Group CEO of Eros International, discusses the company's third quarter results and its plans ahead.

Q4 has seen release of Tevar and Shamitabh adding good value

Jyoti Deshpande

Group CEO

Eros International

Entertainment firm Eros International  has reported 18.86 percent increase in its consolidated net profit at Rs 109.34 crore for the third quarter ended December 31, 2014 as against Rs 91.99 crore in the corresponding period a year ago. Total income from operation during the quarter increased 13.41 percent to Rs 490.73 crore as against Rs 432.68 crore on a year-on-year basis.

Discussing the earnings, Jyoti Deshpande, Group CEO of Eros International, said the company has crossed Rs 100 crore PAT for the first time ever. The release of movie Action Jackson was the main contributor from Hindi films in the third quarter, she said.

ErosNow has declared 14 million users, gaining positive momentum. Even releases like Tevar and Shamitabh in the fourth quarter have added good value, Deshpande said. However, she expects the coming quarter (Q4) to be relatively slower as against Q3.

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