Financial Results for the Quarter and Half Year ended 30th September 2025
Awaiting price reaction for this filing.
Eros International Media reported deeply weak results for Q2 and H1 FY26. Standalone revenue from operations fell sharply to ₹1,215 lakhs in H1 FY26 from ₹3,079 lakhs in H1 FY25, while the company posted a standalone loss before tax of ₹3,599 lakhs (versus a marginal profit of ₹13 lakhs a year ago). Net worth has been fully eroded (other equity of ₹(52,020) lakhs) and current liabilities far exceed current assets. The statutory auditor (Haribhakti & Co.) issued a qualified conclusion on the standalone results and disclaimed any conclusion on the consolidated results, flagging long-overdue group receivables (~₹26,928 lakhs net), RBI approval pending, and ongoing SEBI and Enforcement Directorate investigations into ₹1,01,601 lakhs of content advances. The board also appointed two new Additional Directors and accepted the resignation of Mr. Sagar Sadhwani.
This is a high-risk filing for shareholders: the auditor has explicitly flagged a material going-concern uncertainty, net worth is wiped out, losses are widening, and regulatory probes (SEBI show-cause notice and ED search) remain unresolved — all of which pose serious risk to the stock and may weigh on any near-term recovery in share price.