Mumbai: Shemaroo Entertainment Ltd., one of India’s media and entertainment industry, has announced its financial results for the fourth quarter and financial year ending 31 March 2023.
Highlights for Q4 FY23 (Consolidated)
Revenue from Operations stands at Rs 164.5 crores as against Rs 93.6 crores in Q4 FY22; Up by 75.8 per cent YoY
Earnings before Interest, Tax, Depreciation, and Amortization (EBITDA) reported was at Rs 16.9 crores as compared to Rs 8.7 crores in Q4 FY22; up by 93.7 per cent YoY; the Company’s EBITDA Margin stands at 10.3 per cent
Profit Before Tax (PBT) stands at Rs 7.5 crores as against Rs 2.4 crores in Q4 FY22; Yearly jump to 211.8 per cent
Profit After Tax (PAT) reported was at Rs 4.8 crores as against Rs 2.1 crores in Q4 FY22; up by 136.5 per cent YoY
The Company’s PAT Margin stood at 2.9 per cent
Earnings per share (EPS) stands at Rs 1.78 (Face Value Rs 10 per share)
FY22 Vs FY23 (Consolidated)
Revenues from operations were reported at Rs 556.6 crores as compared to Rs 381.4 crores in FY22; up by 45.9 per cent.
EBITDA stands Rs 47.3 crores in FY23, as against Rs 35.8 crores in FY22; up by 31.9 per cent. The Company’s EBITDA margin stood at 8.5 per cent.
PBT stood at Rs 14.8 crores for FY23 as compared to Rs 5.2 crore in FY22; up by 186.4 per cent
PAT increased to Rs 9.4 crores in FY23 as against Rs 5.3 crores in FY22; up by 77.7 per cent. The Company’s PAT margin stood at 1.7 per cent.
EPS for FY23 stood at Rs 3.45
Other Highlights
Yearly growth of Digital Media and Traditional Media for FY23 is 23.3 per cent and 66.5 per cent respectively
ShemarooMe, the OTT Platform released 14 new titles during the quarter
Shemaroo GECs have a viewership share of over nine per cent in the overall Hindi GEC genre
The contribution of B2C revenue as a percentage of total revenue has doubled in FY23 vs FY22 and now contributes to around 1/3rd of the overall revenue
Shemaroo Entertainment Ltd. CEO Hiren Gada said, “Considering the external economic scenario, I am very pleased with our overall performance in this financial year. We started on this journey of changing our business strategy in 2019 and against all odds and headwinds that we have faced over the last few years, we have overcome all these challenges and have been successful in meeting our strategic goals. We are extremely confident that the agility, strength and innovative business model, along with a professionally run organization with freshly inducted talent from the media industry, will see our company delivering strong financial performance in the coming years.”
