Shemaroo Entertainment posted a good set of earnings in Q3. With the explosion in data, consumers can watch videos anywhere and the next leg of growth is expected to come from online streaming. In an interview to CNBC-TV18, Hiren Gada, Wholetime Director & CFO of Shemaroo Entertainment discussed the company’s Q3 numbers and his outlook going ahead.
In an interview to CNBC-TV18, Hiren Gada, Wholetime Director & CFO of Shemaroo Entertainment and Kapil Agarwal, Joint MD of UFO Moviez spoke about the latest happenings in the sector and the outlook for their companies respectively.
Shemaroo Entertainment reported a good quarter. Revenues are up 8 percent and profit after tax (PAT) is up almost around 22 percent. In an interview to CNBC-TV18, Hiren Gada, Whole-time Director and CFO of Shemaroo Entertainment spoke about his company’s performance.
In an interview to CNBC-TV18, Hiren Gada, Wholetime Director & CFO, Shemaroo Entertainment spoke about the results and his outlook for the company.
Shemaroo Entertainment has entered into a licencing tie-up with VuClip, a platform owned by PCCW of Hong Kong for contents syndication.
In an interview with CNBC-TV18, Hiren Gada said that margins in the new media business has been upwards of consolidated business and Shemaroo plans to increase revenue from the digital segment.
Shemaroo Entertainment reported a good set of first quarter numbers with a 18.6 percent rise in net profit to Rs 14 crore while the total income grew 23.6 percent to Rs 95.9 crore. EBITDA margin came at 31.1 percent in Q1.
Miniplex, which is still in its build up phase, will boost company's profits in FY18, says Hiren Gada, Wholetime Director & CFO, Shemaroo Entertainment.
Shemaroo's new-media business, which is growing phenomenally, will further gain from the launch of 4G data service, says Hiren Gada, Wholetime Director and CFO of Shemaroo Entertainment.
Hiren Gada, director & CFO, Shemaroo Entertainment, is confident of company outgrowing media and entertainment industry.
Hiren Gada, Wholetime Director and CFO, Shemaroo Entertainment says the company's finance costs are likely to rise on the back of investment plans Shemaroo has.
Hiren Gada, Wholetime Director & CFO, Shemaroo Entertainment says any tie-up with Netflix will help company monetise content and will be margin accretive.
In an interview with CNBC-TV18, Hiren Gada, CFO of Shemaroo Entertainment says that the developing the content library is the main focus for the company.
In an interview with CNBC-TV18, Shemaroo's wholetime director & CFO said the focus is on developing the new media business in the current year.
In an interview to CNBC-TV18, Hiren Gada, Wholetime Director & CFO of Shemaroo Entertainment, discusses the company's fourth quarter earnings and future outlook.
Shemaroo Entertainment's EBITDA margins have been in the range of 23-27 percent. Hiren Gada, whole-time director and CFO of the company says business on mobile platform have also been growing.