Eros International Media Limited has submitted to the Exchange, the financial results for the period ended September 30, 2024.
Awaiting price reaction for this filing.
Eros International Media filed its Q2/H1 FY25 results (quarter and half year ended September 30, 2024) on July 31, 2025 — a significant delay of about 10 months. On a standalone basis, net sales fell sharply to ₹1,161 lakhs in Q2 (from ₹3,572 lakhs a year ago), and the company reported a loss of ₹501 lakhs for the quarter and ₹1,165 lakhs for the half year. The auditor issued a qualified conclusion on the standalone results and disclaimed an opinion entirely on the consolidated results, flagging long-overdue receivables from related group entities (around ₹14,893 lakhs net from Eros Worldwide FZE alone), pending SEBI investigation, and Enforcement Directorate search operations. The company itself disclosed that its net worth has been fully eroded and it has defaulted on statutory dues, raising a material uncertainty on going concern. On the consolidated side, a reported profit of ₹12,770 lakhs for H1 was largely driven by a one-time ₹15,431 lakhs reversal of impairment on a subsidiary's film rights (Note 10), and not from core operations.
Very high risk for shareholders — going concern is in doubt, the auditor qualified/disclaimed the results, regulatory actions by SEBI and the Enforcement Directorate are ongoing, and the consolidated profit is propped up by a non-recurring impairment reversal. Recovery of hundreds of crores stuck with overseas related parties remains uncertain, and the stock is likely to face continued pressure and heightened scrutiny.