Eros International Media has moved higher by nearly 6% to Rs 166 after reporting a strong 41.5% year-on-year (yoy) jump in consolidated net profit at Rs 92 crore for the third quarter ended December 31, 2013 (Q3), on back of strong operational performance. The company had profit of Rs 65 crore in the same quarter last fiscal.
Consolidated total income from operations during the quarter grew 17% yoy to Rs 433 crore against Rs 369 crore in the corresponding quarter of previous year.
EBITDA or operating profit has increased by 48% yoy at Rs 135 crore, while margins improved by nearly 700 basis points to 31.3% from 24.5% due to lower other expenses.
The stock opened at Rs 158 and touched a low of Rs 156 on BSE in early noon deals before announcement of the results. A combined 560,000 shares changed hands on the counter till 1400 hours on the BSE and NSE.
Consolidated total income from operations during the quarter grew 17% yoy to Rs 433 crore against Rs 369 crore in the corresponding quarter of previous year.
EBITDA or operating profit has increased by 48% yoy at Rs 135 crore, while margins improved by nearly 700 basis points to 31.3% from 24.5% due to lower other expenses.
The stock opened at Rs 158 and touched a low of Rs 156 on BSE in early noon deals before announcement of the results. A combined 560,000 shares changed hands on the counter till 1400 hours on the BSE and NSE.
