Key Financial Highlights

Financial Highlights for the year ended 31 March 2011

Group turnover up 9.9% to US$164.6 million (2010: US$149.7 million)
Gross Profit up 12.6% to US$76.6 million (2010: US$68.0 million)
EBITDA up 14.5% to US$126.4 million (2010: US$110.4 million)
Profit before tax up 12.6% to US$55.8 million (2010: US$49.5 million)
Basic EPS up 5.8% to 38.6 cents (2010: 36.5 cents)
Net debt reduced by 30.2% to US$72.8 million (2010: US$104.3 million)

Geographic Highlights

Revenues in India grew by 12.6% over last year to US$108.3 million (2010: US$96.2 million)
Revenues in Europe grew by 12.2% over last year to US$21.8 million (2010: US$19.4 million)
Revenues in North America grew by 6.5% over last year to US$8.6 million (2010: US$8.1 million)
Revenues in rest of the world remained flat at US$25.9 million (2010: US$26.0 million)

Operational Highlights

Successful completion of the IPO of our Indian subsidiary on the Bombay Stock Exchange in October 2010, and raising net US$71.1 million
Theatrical success of the portfolio of releases in the year notably Housefull, Golmaal 3, Endhiran, Veer and Dabangg. Five Eros films feature in the Top 10 box-office hits of the year published by boxofficeindia.com for calendar year 2010
Strong Television syndication revenues especially within a rising Indian cable and satellite television market and the dubbed markets internationally
Growth in Digital New Media and Ancillary revenues helped by higher music and mobile monetisation and further rollout of SVOD services across new platforms internationally, as well as EyeQube’s VFX and production services
Investment in content has increased to US$129.8 million (2010: US$81.5 million) securing strong visibility of our pipeline for 2012 and 2013 as well as acquiring select catalogues