Eros Media widens FY26 loss despite jump in quarterly revenue

MUMBAI: Lights, camera… caution. Eros International Media may have delivered a late revenue encore in the final quarter of FY26, but the numbers tell a story where rising income still couldn’t steal the spotlight from mounting losses. The film and entertainment company reported a net loss of Rs 60.8 crore for the quarter ended March 31, 2026, sharply widening from a loss of Rs 15.2 crore in the corresponding quarter last year. The company’s total comprehensive loss for the quarter stood at Rs 60.7 crore.

Revenue from operations, however, staged a dramatic comeback. Quarterly revenue surged to Rs 5.5 crore, compared with just Rs 72 lakh in the December quarter and Rs 22.7 crore in the year-ago period. Total income for the quarter climbed to Rs 23.8 crore, boosted by Rs 18.2 crore in other income.

For the full financial year, Eros reported revenue from operations of Rs 28.5 crore, more than five times higher than the Rs 5.1 crore recorded in FY25. Yet the improvement in topline performance was overshadowed by a steep rise in losses.

The company posted a net loss of Rs 101.9 crore for FY26, compared with a loss of Rs 10.1 crore in the previous year. Total comprehensive loss for the year stood at Rs 101.8 crore.

A closer look at the books reveals the pressure points. Other expenses ballooned to Rs 79.8 crore during the March quarter, taking the annual figure to Rs 106.4 crore. The company also recorded provisions and write-offs linked to advances and content-related assets, weighing heavily on profitability.

Despite the losses, Eros continued to generate positive operating cash flows. Net cash generated from operating activities stood at Rs 20.9 crore during FY26, compared with Rs 28.7 crore in FY25, aided by working capital adjustments and reductions in receivables.

The balance sheet, however, remains under strain. Trade receivables stood at Rs 414 crore at the end of March 2026, while total liabilities reached Rs 942.8 crore. The company’s net worth remained negative, with total equity at negative Rs 490 crore compared with negative Rs 388.2 crore a year earlier.

Content assets continued to form the backbone of Eros’ asset base, with film rights valued at Rs 29 crore as of March 31, 2026.

As the company navigates an increasingly competitive streaming and content landscape, the challenge ahead appears clear: turning revenue recovery into sustainable profitability. For now, the box office may be showing signs of life, but the credits on Eros’ turnaround story are yet to roll.