Eros Int'l to see booming results on string of hits

Eros International Plc said it expected its full-year results to beat current market expectations, driven by strong performances from film titles like “Zindagi Na Milegi Dobara” and “Ready”.

Eros said it expected the strong first-half performance to continue in the second half, with a line-up expected to generate robust box-office returns.

[caption id=“attachment_95676” align=“alignleft” width=“380” caption=“Screengrab/erosentertainment.com”]  [/caption]

Eros boasts of a strong slate of movies that include “RA.One”, starring A-listers Shahrukh Khan and Kareena Kapoor, and “Rockstar,” featuring Ranbir Kapoor.

Earlier this month, Eros signed a multi-film agreement with KT Corp, South Korea’s No 2 mobile carrier, to showcase 50 of its film titles on multiple digital platforms.

More from Fwire

BCCI earned more than Rs 2,400 crore in IPL 2022, reveal documents Eight Russian judokas barred from world championships after Ukraine boycott

Analysts on average expect the company to report a pretax profit of $74.8 million on revenue of $207.8 million for the year ended 31 March, according to Thomson Reuters I/B/E/S.

The company recently announced plans to release Tamil film Endhiran (Robot) in South Korea next month. Earlier this month, Eros also signed an agreement with a Punjabi production company to co-produce a slate of regional language films.

Eros, which recently listed its unit Eros International Media Ltd on the Bombay Stock Exchange in India, has a library of over 2,000 film titles.

The company’s shares, which have lost about a fifth of their value over the past year, were indicated up 1.4 percent on Thursday on the London Stock Exchange.

Reuters