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CHATURVEDI • SHAH Chartered Accountants

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Auditor's Report on Quarterly Consolidated Financial Results and Year to Date Results of the

Company Pursuant to the Regulation 33 of the SEBI {Listing Obligations and Disclosure

Requirements) Regulation, 2015

To,

The Board of Directors of

Eros International Media Limited

1. We have audited the accompanying Statement of Consolidated Financial Results of Eros

International Media Limited ("the Holding Company") and its subsidiaries (the Holding

Company and its subsidiaries together referred to as "the Group"), for the quarter and year

ended March 31, 2018 ("the Statement"), being submitted by the Holding Company pursuant

to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure

Requirements) Regulations, 2015 read with the SEBI Circular No. CIR/CFD/FAC/62/2016 dated

July 5, 2016 ('the Circular').

2. This Statement, which is the responsibility of the Holding Company's Management and

approved by the Board of Directors, has been compiled from the related consolidated financial

statements which are in accordance with the Indian Accounting Standards ("Ind AS") prescribed

under Section 133 of the Companies Act, 2013, read with relevant rules issued there under and

other accounting principles generally accepted in India. Our responsibility is to express an

opinion on the Statement based on our audit of such consolidated financial statements.

3. We conducted our audit in accordance with auditing standards generally accepted in India.

Those Standards require that we plan and perform the audit to obtain reasonable assurance

about whether the financial statement are free of material misstatement. An audit includes

examining, on a test basis, evidence supporting the amounts disclosed in financial results. An

audit also includes assessing the accounting principles used and significant estimates made by

the management. We believe that our audit provides a reasonable basis for our opinion.

4. In our opinion and to the best of our information and according to the explanations given to us,

and based on the consideration of the reports of the other auditors on separate financial

statements of the subsidiaries referred to in paragraph 4(a) below, these quarterly

Consolidated financial results as well as the year to date results:

URL : www.cas.ind.in

Branch : Bengaluru

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CHATURVEDI · SHAH Chartered Accountants

Auditor's Report on Quarterly Consolidated Financial Results and Year to Date Results of the

Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure

Requirements) Regulation, 2015

a. Includes the results of entities as given below:

Name of the Entity Relationship

Eros International Films Private Limited Subsidiary

Eyeqube Studios Private Limited Subsidiary

EM Publishing Private Limited Subsidiary

Eros Animation Private Limited Subsidiary

Bigscreen Entertainment Private Limited Subsidiary

Copsale Limited Subsidiary

Digicine Pte Limited Subsidiary

Colour Yellow Productions Private Limited Subsidiary

Universal Power Systems Private Limited Subsidiary

Ayngaran International Limited {IOM) Subsidiary (Upto 30th

September 2017)

Ayngaran International (UK) Limited Subsidiary (Upto 30th

September 2017)

Ayngaran International {Mauritius) Limited Subsidiary (Upto 30th

September 2017)

Ayngaran International Media Private Limited Subsidiary {Upto 30th

September 2017)

Ayngaran Anak Media Private Limited Subsidiary {Upto 30th

September 2017)

Eros Distribution LLP Subsidiary

b. are presented in accordance with the requirements of Regulation 33 of the SEBI {Listing

Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No.

CIR/CFD/FAC/62/2016 dated July 5, 2016, in this regard; and

c. gives a true and fair view in conformity with the aforesaid Indian Accounting Standards and

other accounting principles generally accepted in India of the net profit including other

comprehensive income and other financial information of the Group for the year ended

March 31, 2018.

Head Office: 714-715, Tulsiani Chambers, 212, Nariman Point, Mumbai - 400 021, India. Tel.: +91 22 3021 8500 • Fax : +91 22 3021 8595 URL : www.cas.ind.in

Branch : Bengaluru

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CHATURVEDI · SHAH Chartered Accountants

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Auditor's Report on Quarterly Consolidated Financial Results and Year to Date Results of the

Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure

Requirements) Regulation, 2015

Other Matters

5. We did not audit, the financial statements and other financial information, in respect of Five

subsidiaries, whose financial information reflect total assets of ~1,08,765.74 Lakhs as at March

31, 2018 and total revenue of ~30,919.52 lakhs for the year ended March 31, 2018 as

considered in the consolidated financial results. These financial statements and other financial

information have been audited by other auditors whose reports have been furnished to us by

the Management. Our opinion, in so far as it relates to the affairs of such subsidiaries and

associates, is based solely on the report of other auditors.

6. Consolidated financial results include the total revenue of ~1.12 Lakhs for the six months period

ended September 30, 2017, in respect of two subsidiaries which have been disposed off during

the year. Whose reviewed unaudited financial statements have been furnished to us by the

Management and our opinion on these statements, in so far as it relates to the amounts

included in respect of these subsidiaries, is based solely on such reviewed unaudited financial

statement.

Our opinion is not modified in respect of the above matters.

7. Further, read with paragraph 1 above, we report that the figures for the quarter ended March

31, 2018 represent the derived figures between audited figures in respect of the full financial

year ended March 31, 2018 and the published year to date figures up to December 31, 2017,

being the date of the end of the third quarter of the current financial year, which were subject

to limited review, as required under the Regulation and the Circular.

Head Office: 714-715, Tulsiani Chambers, 212, Nariman Point, Mumbai - 400 021, India. Tel.: +91223021 8500 • Fax :+91223021 8595 URL : www.cas.ind.in

Branch : Bengaluru

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CHATURVEDI · SHAH Chartered Accountants

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Auditor's Report on Quarterly Consolidated Financial Results and Year to Date Results of the

Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure

Requirements) Regulation, 2015

8. The Comparative financial information of the Group for the quarter and year ended March 31,

2017, prepared in accordance with Indian Accounting Standards, included in these consolidated

financial results, have been audited by the predecessor auditor. The report of the predecessor

auditor on the comparative financial information expressed an unmodified opinion.

Place: Mumbai

Date: May 23, 2018

For Chaturvedi & Shah

Chartered Accountants

Amit Chaturvedi Partner

Membership No.: 103141

Head Office: 714-715, Tulsiani Chambers, 212, Nariman Point, Mumbai - 400 021, India. Tel.: +91 22 3021 8500 • Fax: +91 22 3021 8595 URL : www.cas.ind.in

Branch : Bengaluru

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II

Ill

IV a) b)

c) d)

e) f)

V

VI a) b)

VII

VIII

•I bl

IX

X XI

XII

Eros International Media Limited Regd Office : 20 I Kail ash Plaza, Plot No A-12, Opp Lax mi Industrial Estate, Link Road, Andheri (W), Mumbai 400053

AUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE YEAR ENDED 31 MARCH 2018

(~ in lacs, except per share data)

Quarter ended Quarter ended Quarter ended Vear ended

Partlculars 31 March 2018 31 December 2017 31 March 2017 31 March 2018 (Unaudited) (Unaudited) (Unaudited) (Audited)

Income Net sales/income from operations 23,877 19,351 18,062 96,016

Other Income 1,898 1,146 2979 4,985

Total Income (1+11) 25, 775 20,497 21,041 101,001

Expenses Film right costs including amortization costs 7,990 7,230 8,232 39,927 Changes In inventories of film rights (148) (1) 24 (141)

Employee benefits expense 1,393 1,414 1,595 5,894

Finance costs (net) 2,226 1,833 2,253 8,053

Depreciation and amortization expense 278 266 294 1,028 Other expenses 5,606 1544 4, 295 17.,505

Total expenses [IV) 17,345 12,286 16,693 72,266

Profit before tax (Ill-IV) 8,430 8,211 4,348 28,735

Tax expense Current tax 3,798 2,903 2,834 9,717

Deferred tax expenses/(income} (1,237) (1,408) (1,653) (4,104)

Total tax expenses/(credlt) net 2,561 1,495 1,181 5,613

Proflt/lloss) for the year from continuing operation (V-VIJ 5,869 6,716 3,167 23,122

Attributable to:

Equity holders of Eros International Media Limited 6,079 6,504 3,371 22,934

Non-Controlllng Interests (210) 212 (204) 188

Other Comprehensive lncome/(lossl

Items that will not be recla,slfled to pro~t or loss 9 33 1 73 Items that will be reclassifled subsoquenttv to profit or loss 1,047 (1,133) (2,886) (22)

Total other comprohon,Jve lncome/(los,J for the yeor 1,056 (1,100 (2,885) 51 Total comprehensive lncome/(loss) for the year (Vll+VIII) 6,925 5,616 282 23,173

Attributable to: Equity holders of Eros lnternatlonal Media limited 7,428 5,111 429 23,207

Non-Contro!Hng Interests (503) 505 (147) (34J

Paid up equity share capital (Face value of~ 10 each) 9,497 9,463 9,385 9,497

Reserve excluding revaluation reserve . - 214,803 Earnings per share (EPS) (of~ 10 each) (not annualised)

Basic 6.41 6.88 3.59 24.26

Diluted 6.31 6.78 3,53 23.92

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Notes:

1 The Audit Committee has reviewed the above results and the Board of Directors have approved the above results and it's released at their respective meetings held on 23 May 2018.

Statement of assets and liabilities { Amount in~ lakhs unless otherwise stated)

Property, plant & equipment Intangible assets

a) Content advances

b) FIim rights c) Others intangible assets

d) Intangible assets under development

e) Goodwill Financial assets

a) loans

b) Restricted bank deposits

c) Other fina ncial assets

Other non-current assets

Total non-current assets

Current assets

Inventories

Financial assets

a) Investments• b) Trade and other receivables c) Cash & cash equivalents d) Restricted bank deposits

e) loans and advances

f) Other financial assets Other current assets

Tota{ current assets

Total assets

• Amount below one lakh

Equity and Llabllitles Equity Equity share capital

Other eQuity

Equity attributable to owners N0n•contr0Ulne: Interests

Total equity

Llabllltles Non•cul'rent llabllltles Flnanclal liabilities

a) Borrowings b) Trade payables c) Other financial liabilities

Employee benefit obllgatlons

Deferred tax liabilities

Other non-current liabillties

Total non-curl'ent Uab llltrcs

Current llabllltles Financial liabilities

a) Borrowings

b) Acceptance c) Trade payables

d) Other financial liabllitles

Employee benefft obligations

Current tax liabilities

Other current llabllltl"-' Total current llabllltles Total llablllties

Total equity and llobllllles

Place: Mumbai

Date: 23 May 2018

Asat Asat

31 March 2018 31 March 2017

4,100 4,216

151,234 141,611 105,143 120,370

1,590 1,900 7,079 2,550 1,283 2,060

11,862 3,533 716 217 789 864

4,686 6,159 288,482 283,480

187 46

0 69,857 63,058 14,230 13,417 3,776 4,256 1,167 3,013

302 187 683 125

90,202 84,102 378,684 367,582

9,497 9,385 214,803 191,521 224,300 200,906

1,288 (4G6) 225,588 200,440

14,952 14,940 102 84

1 487 450

24,501 22,499 1,512 3,016

41,554 40,990

46,808 43,033 5,796 5,795

32,327 29,542 9,066 10,886

224 218 3,684 4,400

13 637 32,278 111,542 126,152 153,096 167,142 378,684 367,582

which take Into account holidays and festivals in India and elsewhere, competitor fllm releases and sporting events,

EROS INTERNATIONAL MEDIA LIMITED E>Cecutive Vice Chairman and Managing Director

Corporate Office: 901/902, Supreme Chambers, Off Veera Desai Road, Andheri (W), Mumbai - 400 053 . Tel.: +91-22-6602 1500 Fax: +91-22-6602 1540 E-mail: eros@erosintl.com • www.erosintl.com

Regd. Office: Kailash Plaza, 2nd Floor, Plot No. 12, Off Veera Desai Road, Andheri (W), Mumbai - 400 053 . CIN No. L99999MH1994PLC080502