Eros Intl aims to grow at 50% CAGR over 2-3 years
In an interview with CNBC-TV18’s Udayan Mukherjee, Kishore Lulla, executive chairman at Eros International spoke about the company’s plans going forward. The company, he said, is aiming to grow at 50% CAGR over the next two-three years. “The focus will be on PAT and cash flow levels,” he added.
Historically, in the last four years, we have grown at 58% CAGR and in the next two-three years we are looking to grow at about 50% CAGR. We have got some great projects lined up. Eros model is just not about some great projects but it’s about the sustainability of the cash flows and the library also producing lot of revenues.
We have great projects in Bollywood, in Tamil and in many other regional languages, which is going to give us sustainable cash flows in the years to come
I am looking at next two-three years CAGR of about 50% bottomline. At Eros we are mostly concentrating more on the bottomline PAT and the cash flows and not a topline driven business—how do we sustain that bottomline. So we are looking at next two-three years at least 50% CAGR