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Shemaroo Entertainment Small-Cap Company were Locked in 10% Upper Circuit today; Know why!  

11 May 20233 mins read by Angel One
In Q4FY23, the company reported strong revenue growth and a positive margin, thanks to a moderate increase in ad spends in the industry and a lower base effect compared to the same quarter last year.
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In Q4FY23, the company reported strong revenue growth and a positive margin, thanks to a moderate increase in ad spends in the industry and a lower base effect compared to the same quarter last year.

On Wednesday, shares of Shemaroo Entertainment zoomed and got locked at 10 % circuit to trade on intraday high of Rs 129.70 apiece on BSE. The scrip witnessed massive spurt in volume.

In Q4-FY23, the company’s revenue from operations amounted to INR 164.5 crore, an increase of 10.0% from the previous quarter and a staggering 75.8% YoY. The company reported an EBITDA of INR 16.9 crore, a significant rise of 78.9% QoQ and 93.7% YoY. The EBITDA margin also improved, increasing by 395 basis points (bps) QoQ to 10.26%. The company’s net profit after tax (PAT) also grew substantially, increasing by 353.4% QoQ to INR 4.7 crore.   

In Q4FY23, the company reported strong revenue growth and a positive margin, thanks to a moderate increase in ad spends in the industry and a lower base effect compared to the same quarter last year. However, the Company anticipates subdued advertising demand in Q1 FY24 due to inflation, a looming global recession, a slowdown in funding for new-age advertisers and dampened consumer demand.   

These factors, coupled with continued investments in B2C initiatives, are expected to keep margins under pressure. Despite these challenges, the company has made significant progress in B2C revenue, with its contribution to total revenue doubling in FY23 compared to FY22. Moreover, Shemaroo Filmi Gaane ranks 21st globally in terms of subscriber count, boasting 64 million subscribers.  

Shemaroo Entertainment is a leading Indian content powerhouse that specializes in the aggregation, production and distribution of Bollywood and regional movies, TV shows, music and other entertainment content across various platforms. The company was founded in 1962 and has grown over the years to become a recognized name in the Indian entertainment industry.  

The stock has witnessed positive traction as it has surged more than 20 per cent in 1 year. Keep a close eye on this trending stock. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations.  

 

 

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