Eros International Media has reported a consolidated loss of Rs 28 crore for the first half of FY27, compared with a loss of Rs 50.04 crore in the same period last year. The results cover the six months ended September 30.

According to the company’s financial results filed with the BSE yesterday, its consolidated revenue from operations stood at Rs 11.05 crore during the first half, compared with Rs 14.14 crore in the corresponding period last year. The company also reported a consolidated loss of Rs 17.56 crore for the September quarter.

On a standalone basis, Eros International’s revenue from operations stood at Rs 4.79 crore in the September quarter, compared with Rs 9.93 crore in the same quarter last year. Its standalone net loss narrowed to Rs 10.85 crore from Rs 14.02 crore. For the first half, the standalone loss also declined to Rs 18.28 crore from Rs 35.99 crore.

The financial results highlighted concerns over outstanding payments from group companies. Eros reported trade receivables of Rs 498.73 crore from Eros Worldwide FZE, against which Rs 328.54 crore was payable. It also reported outstanding receivables from its UK and US group entities. The company has made provisions of Rs 290.25 crore against potential losses on these receivables.

The company also disclosed regulatory matters involving the Securities and Exchange Board of India (SEBI). These include an investigation into content advances worth Rs 1,016.01 crore given to certain parties. Eros said the net amount of these advances, after impairment and write-offs, was zero.

The auditor raised concerns about the company’s financial position and its ability to continue operations. It issued a qualified conclusion on the standalone results but did not express a conclusion on the consolidated results due to insufficient audit evidence on certain matters, including the financial information of its subsidiary Colour Yellow Production.

Eros International said it is taking steps to improve its cash position by controlling borrowings, reducing expenses, recovering outstanding payments from group companies and generating revenue through its film and music library rights. The company is also looking at raising funds through the sale of non-core assets.