RadioandMusic
| 19 Apr 2024
Shemaroo files satisfying maiden results; PAT up 82 per cent to Rs 12.77 crore

BENGALURU: Shemaroo Entertainment has its maiden annual numbers after listing in September 2014. The company has reported 50.7 per cent growth in profit after tax (PAT) at Rs 40.92 crore (12.7 per cent of Total Income from Operations or TIO) as compared to the Rs 27.16 crore (10.3 per cent of TIO) in FY-2014.

Shemaroo's board of directors at its meeting held on 6 May, 2015, has recommended a dividend of Rs 1.20 per fully paid-up equity Rs 10 each (i.e. 12 per cent of the paid-up equity share capital of the company), subject to the approval of shareholders in the ensuing Annual General Meeting. Earnings per share in FY-2015 increased to Rs 17.35 from Rs 13.68 in the previous year.

TIO in FY-2015 at Rs 323.45 crore was 22.8 per cent more than the Rs 263.34 crore in FY-2014. The company's Total Expenditure (TE) in FY-2015 at Rs 240.23 crore was 18.6 per cent more than the Rs 202.62 crore in FY-2014.

Shemaroo's Q4-2015 TIO increased 65.4 per cent to Rs 86.82 crore from Rs 52.72 crore in Q4-2014 but was 0.5 per cent lower than the Rs 68.5 crore in Q3-2015. PAT in Q4-2014 increased 81.7 per cent to Rs 12.77 crore from Rs 7.03 crore in Q4-2014 and was 27.4 per cent more than the Rs 10.02 crore in Q3-2015.

The company has two divisions – New Media and Traditional Media and Services. While the New Media division reported 52 per cent growth to Rs 37.31 crore in FY-2015 from Rs 24.60 crore in FY-2014, Traditional Media and Services revenue increased 20 per cent to Rs 286.14 crore in FY-2015 from Rs 238.74 crore in FY-2014.

For Q4-2014, New Media reported 74 per cent growth in revenue to Rs 11.54 crore from Rs 6.57 crore in Q4-2014. Traditional Media and Services revenue for Q4-2015 increased 65 per cent to Rs 75.27 crore from Rs 45.7 crore in Q4-2014.

Shemaroo wholetime director and CFO Hiren Gada said, "We have closed this year with an outstanding performance for FY 2015. Revenue from digital media has significantly gone up with a growth rate of over 50 per cent y-o-y in FY-2015 and it continues to be our area of focus. This year we are looking forward to explore newer avenues where we can leverage our huge library to further improve the returns."