Shemaroo Q4 net up 12% to Rs 20.6 cr

MUMBAI: Content distributor Shemaroo Entertainment’ has posted a 12% growth in net profit at Rs 20.6 crore during the fourth quarter ended 31st March as against Rs 18.4 crore in the corresponding quarter of the previous fiscal. Pat margin was down 3 Bps to 15.71% compared to 15.74% in the year ago period.

EBITDA rose 12.4% to Rs 41.8 crore compared to Rs 37.2 crore in the year ago period. EBITDA margin expanded 12 Bps to 31.43% from 31.31%. Revenue from operations jumped 11.7% to Rs 132.2 crore as against Rs 118.4 crore. Total expenses were up 11.8% to Rs 91.2 crore from Rs 81.6 crore.

Revenue from digital media jumped 29.1% to Rs 44.8 crore while traditional media saw a 4.4% increase at Rs 87.4 crore.

For the full fiscal, net profit was up 16% to Rs 82.7 crore from Rs 71.3 crore. PAT margin expanded 5 Bps to 14.57% from 14.52%. EBITDA jumped 11% to Rs 159.6 crore as against Rs 143.8 crore. The EBITDA margin declined by 132 Bps to 28.01% from 29.33%.

Revenue from operations jumped 16.1% to Rs 567.8 crore from Rs 489.1 crore. Expenses rose 18.3% to Rs 410 crore as against Rs 346.5 crore. Digital media revenue increased 31.6% at Rs 171.8 crore while traditional media revenue rose 10.4% to Rs 396 crore.

During the quarter, the company launched its OTT video streaming platform ‘ShemarooMe’ offering content across genres such as Bollywood, Gujarati, Devotion, Punjabi and Kids. It also partnered with Vodafone Idea to offer ShemarooMe’s content library to its users.

The company also acquired a 50% stake in Dominiche Productions, one of the leaders in the Astrology space. The deal marksShemaroo’s entry in the astrology market.

It crossed 21 million subscribers on our YouTube channel ‘FilmiGaane’ and 15 million subscribers on its YouTube channel ‘ShemarooENT’.

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