Shemaroo Entertainment Ltd Share Price – NSE  /  BSE

Entertainment, Small Cap

Net profit of Shemaroo Entertainment rose 44.38% to Rs 4.88 crore in the quarter ended September 2023 as against Rs 3.38 crore during the previous quarter ended September 2022. Sales rose 35.72% to Rs 198.91 crore in the quarter ended September 2023 as against Rs 146.56 crore during the previous quarter ended September 2022.

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Shemaroo Entertainment will hold a meeting of the Board of Directors of the Company on 31 October 2023.

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Tax officials conducted a search operation at Shemaroo Entertainment's premises on 5 September 2023. The Joint Managing Director, the WTD & CEO, and the CFO of the company were detained on 6 September 2023 but were granted bail on 7 September 2023. The company is currently contesting the allegations through the legal process. The impact on the company and the amount involved cannot be determined at this time.

The court has deemed the arrest of the company's officials to be illegal and has stated that their remand was not necessary. Shemaroo Entertainment denies the claim made by the CGST department and intends to contest it, asserting that all statutory dues and compliances have been duly paid and filed.

Shemaroo Entertainment is an Indian content creator, aggregator and distributor, specifically in the media and entertainment industry. It delivers premium content experiences in more than 30 countries, across age groups and several Indian languages in genres such as movies, comedy, devotional, music, regional and kids.

Shemaroo Entertainment reported net loss of Rs 1.32 crore in Q1 June 2023 as against net profit of Rs 0.25 crore in Q1 June 2022. Net sales rose 59.90% YoY to Rs 153.50 crore in Q1 June 2023.

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Shemaroo Entertainment announced that the Annual General Meeting (AGM) of the company will be held on 28 August 2023.

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