Eros International Media rose 1.81% to Rs 146.30 at 10:41 IST on BSE after consolidated net profit rose 41.76% to Rs 36.97 crore on 12.80% decline in total income to Rs 201.47 crore in Q2 September 2013 over Q2 September 2012.
The result was announced after market hours on Tuesday, 22 October 2013.
Meanwhile, the BSE Sensex was down 103.88 points, or 0.50%, to 20,761.09.
On BSE, 41,000 shares were traded in the counter compared with average volume of 69,696 shares in the past one quarter.
The stock hit a high of Rs 147.50 and a low of Rs 147.50 so far during the day. The stock hit a 52-week high of Rs 235.05 on 4 December 2012. The stock hit a 52-week low of Rs 106.50 on 28 August 2013.
The stock had outperformed the market over the past one month till 22 October 2013, rising 6.64% compared with the Sensex's 2.97% rise. The scrip had also outperformed the market in past one quarter, gaining 6.80% as against Sensex's 3.50% rise.
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The small-cap company has an equity capital of Rs 91.92 crore. Face value per share is Rs 10.
Earnings before interest and taxes (EBIT) rose 18.80% to Rs 50.31 crore in Q2 September 2013 over Q2 September 2012. EBIT margins increased to 25% in Q2 September 2013 compared with 18.3% in Q2 September 2012.
Mr. Sunil Lulla, Managing Director, Eros International Media said, "Eros international has given a strong financial and operational performance in the first half of the fiscal, especially given that we had no high-budget releases in the first half of 2014 compared to two high budget releases in the first half of 2013. The company's performance was underpinned by the all-round success of movies like 'Grand Mastl', 'Raanjhanaa', 'Go Goa Gone', and our oversees release 'Yeh Jawaani Hai Deewani', all of which have been monetized over multiple distribution channels. We also remain excited about our collaboration with HBO Asia and the opportunity it presents within the premium television market within India. We are looking forward to the high profile releases in the remainder of the fiscal year such as 'Ram-Leela', 'R..Rajkumar', 'Kochadaiyaan', 'Happy Ending' and a number of smaller budget high concept movies that are slated to be released in the fiscal under review."
Eros International Media is a global player within the Indian media and entertainment arena. It operates on a vertically integrated studio model controlling content as well as distribution & exploitation across multiple formats globally, including cinema, digital, home entertainment and television syndication.
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