EROS INTERNATIONAL
Eros International hit a new 52-week high at Rs.313.60 after it announced its Q2FY15 performance. It posted a 36% (YoY) jump in consolidated net profit at Rs.50 crore on a 19% rise in total revenue at Rs.240 crore. EBIT rose 43% at Rs.72 crore while EBIT margins rose from 25% to 30%. PAT margin rose more muted, from 18.4% to 20.9%. There has been an 83% jump in its interest cost during the quarter and its borrowings as at 30th Sept 2014 stood at Rs.430 crore.
In the coming second half of FY15, the company has many hi-profile releases scheduled of which Tamil movie, Katthi has done very well. Other big banner movies to be released are Happy Ending, Action Jackson, Rajnikanth’s Lingaa, Tevar and Shamitabh. Its net profit for H1FY15 stood at Rs.86 crore, which is 43% of FY14 net profit. Clearly, H2 will necessarily needs to be super-duper hit.