Shemaroo Entertainment Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
January 18, 2023 at 07:07 pm IST
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Shemaroo Entertainment Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was INR 1,495.6 million compared to INR 899.07 million a year ago. Revenue was INR 1,504.76 million compared to INR 901.92 million a year ago. Net income was INR 8.82 million compared to INR 18.63 million a year ago. Basic earnings per share from continuing operations was INR 0.32 compared to INR 0.69 a year ago. Diluted earnings per share from continuing operations was INR 0.32 compared to INR 0.69 a year ago.
For the nine months, sales was INR 3,921.17 million compared to INR 2,877.92 million a year ago. Revenue was INR 3,952.92 million compared to INR 2,884.45 million a year ago. Net income was INR 45.15 million compared to INR 32.14 million a year ago. Basic earnings per share from continuing operations was INR 1.66 compared to INR 1.18 a year ago. Diluted earnings per share from continuing operations was INR 1.66 compared to INR 1.18 a year ago.
Shemaroo Entertainment Limited is an India-based entertainment company. The Company is engaged in the distribution of content for broadcasting on satellite channels, physical formats and digital technologies like mobile, Internet, broadband, IPTV and DTH among others. Its businesses include Broadcast, over the top (OTT), DTH, mobile application, movie production, syndication, inflight and studio. Its broadcast offers a range of genres, such as devotion, family drama, mythology, comedy and crime. Its DTH business provides premium content to approximately 25 DTH services on DTH platforms. It provides services across genres, including movies, devotion, comedy, kids and regional content. Its content is licensed by multiple television channels, including movies, news, kids and regional. It offers services, such as Digital Intermediate (D.I), Digital Restoration-Frame by Frame and Real Time, VFX, Telecine, Film Scanning, Film Grading and others to various content owners and distributors.