Shemaroo revenue up in first quarter

Shemaroo’s revenue was up 16%; EBITDA & PAT fell 18% & 16%,

BENGALURU: Indian content creator, aggregator and distributor, specifically in the media and entertainment industry, Shemaroo  Entertainment Ltd (Shemaroo) reported 15.9 percent year-on-year (y-o-y) growth in revenue from operations at Rs 143.03 crore for the quarter ended 30 June 2019 (Q1 2010, quarter or period under review) from Rs 123.36 crore for the corresponding year ago quarter. Total revenue for Q1 2020 increased 16.4 percent y-o-y to Rs 143.87 crore from Rs 123.58 crore.

Profit after tax or PAT for the period under review declined 16.2 percent y-o-y to Rs 16.38 crore from Rs 19.55 crore in Q1 2019. Total comprehensive income for Q1 2020 reduced 15 percent y-o-y to Rs 16.15 crore from Rs 19.01 crore in Q1 2029. Operating EBITDA for Q1 2020 declined 17.9 percent y-o-y to Rs 31.92 crore (22.3 percent of operating revenue) from Rs 38.90 crore (31.5 percent of operating revenue) in the corresponding year ago quarter.

Total expenditure for Q1 2020 increased 28.6 percent y-o-y to Rs 118.32 crore from Rs 91.99 crore. Cost of materials consumed during the quarter under review increased 28.4 percent y-o-y to Rs 87.91 crore from Rs 68.45 crore. Employee benefits expense in Q1 2020 increased 41.9 percent y-o-y to Rs 15.75 crore from Rs 11.10 crore. Finance costs in Q1 2020 declined 5.9 percent y-o-y to Rs 5.77 crore from Rs 6.13 crore. Other expenses in Q1 2020 increased 51.6 percent y-o-y to Rs 7.46 crore from Rs 4.92 crore.

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