Eros International sees 18% drop in revenue to Rs 2.2 bn in Q1 of FY19

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Film and entertainment studio Eros International (Eros) reported 18.2 per cent drop in revenue for the quarter ended June 30 (Q1FY19). From Rs 2.7 billion in Q1FY18, revenues of the company dropped to Rs 2.2 billion in the quarter under consideration. However, a steep decline in expenses resulted in earnings before interest & taxes (Ebit) growth of 30.5 per cent from Rs 741 million in Q1FY18 to Rs 937 million in Q1FY19. Profit after tax (PAT) for the quarter stood at Rs 593 million, up 22.8 per cent from last year's Rs 483 million.