Shemaroo Entertainment PAT increases over 2 folds; stock tumbles over 4%

25 Jan 2022 , 12:51 PM

Shemaroo Entertainment Ltd. announced its results for the quarter ending December 2021, following which the shares opened flat on Tuesday morning and has been depicting a downtrend so far in today’s trade.
The company reported an increase in consolidated net sales of 2.15% at Rs 89.91 crores against Rs 88.02 crores in the previous corresponding quarter.

Shemaroo reported a consolidated net profit of Rs 1.86 crore for Q3 FY’22 against a loss of Rs 1.53 crore for Q3 FY’21, up by 209.49% YoY.
It reported an EBITDA of Rs 10.06 crore for the quarter ending December 2021 against Rs 7.36 crore for the quarter ending December 2020, up by 36.68% YoY.

Its share opened at Rs 120 and is currently trading at Rs 114.70, down by Rs 6 or 4.97% against its previous closing price of Rs 120.70. It touched an intraday high and low of Rs 120 and Rs 114.70 so far in today’s trade.

The company’s revenue for the 9M period ending December 2021 stood at Rs 287.79 crore against Rs 233.48 crore for the previous 9M period, up by 23.26% YoY.

Shemaroo Entertainment Ltd. is an Indian content creator, aggregator, and distributor, specifically in the media and entertainment industry. The company set up its first video rental business in 1979, while the company was originally founded in 1962 by Buddhichand Maroo as a book circulating library under the name Shemaroo.