Eros International Q4 net down 37 pc to Rs 31.67 cr

Eros International Media today reported 37.80 per cent decline in its consolidated net profit to Rs 31.67 crore for the fourth quarter ended on March 31.

The firm had reported a net profit of Rs 50.92 crore in the January-March quarter a year ago, Eros International informed BSE.

Its total consolidated income during the quarter under review was down 29.12 per cent to Rs 210.41 crore as against Rs 296.89 crore in the corresponding quarter of the last fiscal.

The company's total expenses were down 33.17 per cent to Rs 166.93 crore as against Rs 249.81 crore.

Eros International Media Managing Director Sunil Lulla said: "It is a matter of satisfaction that we have ended the fiscal year on a steady note despite the impact of demonetisation on theatrical revenues in H2 FY2017." For the entire 2016-17 fiscal, Eros International's net profit stood at Rs 243.29 crore, up 0.50 per cent, from Rs 242.07 crore in the previous fiscal.

Its total income for the fiscal stood at Rs 1,445.28 crore, down 11.09 per cent, compared to Rs 1,625.70 crore in the previous year.

Shares of Eros International today settled 0.72 per cent higher at Rs 224.80 apiece on BSE.

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)