RadioandMusic
| 20 Apr 2024
Shemaroo reports improved numbers; Board recommends dividend

BENGALURU: Indian integrated media content house Shemaroo Entertainment Limited (Shemaroo) reported higher number including profit after tax and total comprehensive income for the year ended 31 March 2018 (FY 2018, year under review, period under review) as compared to the previous year (FY 2017, previous year, previous fiscal). The board of directors has recommended a dividend of 15.5 percent (Rs 1.55) per equity share of face value of Rs 10 subject to shareholder approval.

Shemaroo reported 14.4 percent higher consolidated total revenue for the year under review at Rs488.63 crore as compared to Rs 425.53 crore in FY 2017. Revenue from operations increased 14.8 percent to Rs 488.63 crore in FY 2018 from Rs 425.53 crore in FY 2017. 

Shemaroo’s consolidated Profit after tax or PAT for the year under review improved 19.5 percent to Rs71.25 crore (14.6 margin of operating revenue) as compared to the Rs 59.64 crore (14 percent margin of operating revenue) in the previous year. Shemaroo’s consolidated operating EBIDTA in FY 2018 at Rs 142.10 crore (29.1 percent margin of operating revenue) increased 11.4 percent from Rs 120.56 crore (30 percent margin of operating revenue) in the previous fiscal.

Let us look at the other numbers reported by Shemaroo

The company’s Total Expenditure (TE) in FY 2018 at Rs 382.38 crore (78.3. percent of operating revenue) was 14.3 percent more than the Rs 334.68 crore (78.7 percent of operating revenue). Operating costs in FY 2018 increased 14.2 percent to Rs 278.28 crore (57 percent of operating revenue) from Rs 243.78 crore (57.3 percent of operating revenue) in the previous fiscal.

Employee benefits expense increased 27.5 percent during the year under review to Rs 39.69 crore (8.1 percent of operating revenue) from Rs 31.14 crore (7.3 percent of operating revenue) in FY 2017.Other expenses increased 23.9 percent in FY 2018 to Rs 28.57 crore (5.8 percent of operating revenue) from Rs 23.06 crore (5.4 percent of operating revenue) reported for the previous year.