Investors fall out of love with Eros Shares in Eros International, the Aim-listed distributor of Bollywood movies, slumped yesterday as the company's year-end results were hit by a weak Indian rupee towards the end of last year. In preliminary results for the 12 months to the end of March, revenues climbed to $206.5m - a 25.5 per cent rise on the previous year - aided by the release of a number of Bollywood successes including Rockstar and Desi Boyz. Underlying operating profit climbed 17 per cent to $66.7m. Kishore Lulla, executive chairman, said: "These results are all the more impressive as they have been achieved despite the 13.8 per cent depreciation of the Indian rupee against the dollar in the twelve months ended 31 March 2012." Some analysts had hoped for a bigger rise in profits, but Eros was also hit by a delay to the launch of one its bigger films, Agent Vinod, towards the end of March. Analysts had been kept in the dark as the company has been prevented from giving guidance under US listing rules, ahead of its planned move to from Aim to NYSE in the US. Eros said it was still determining when to launch its proposed US listing, having delayed it in June, blaming equity market volatility. By shifting its listing to the US, analysts said the company was hoping to realise a higher valuation. "These numbers were slightly below our expectations but they still highlight very strong growth of the Indian entertainment market," said Steve Liechti, analyst at Investec. Shares in the company closed down 6.4 per cent at 182p.