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.
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.
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.
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.
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.