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GuruFocus News
Thu, May 15, 2025, 2:00 AM 2 min read
Release Date: May 14, 2025
For the implicit transcript of the net call, delight notation to the afloat net telephone transcript.
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Shemaroo Entertainment Ltd (BOM:538685) posted its archetypal affirmative 4th successful six quarters, driven by deferred B2B deals.
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Digital media revenues for the 4th fourth accrued by 1.25% twelvemonth connected year, and for the afloat fiscal year, it grew by astir 11%.
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The institution released 13 caller titles successful Gujarati, including movies, web series, and plays, enhancing its contented portfolio.
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Shemaroo's YouTube channel, Shimarumi Gane, crossed 71 cardinal subscribers, garnering implicit 10.5 cardinal views during the quarter.
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The institution is committed to strengthening its equilibrium expanse and enhancing operational ratio to unlock important semipermanent intrinsic value.
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The institution reported a nett nonaccomplishment of astir 5 crores for the 4th and 85 crores for the fiscal year.
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Revenue from operations for the fiscal twelvemonth declined by 3% twelvemonth connected year.
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The consolidation of the broadcasting manufacture led to a important diminution successful the TV syndication business, impacting the wide apical line.
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Margins are expected to stay nether unit owed to ongoing accelerated inventory charges.
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The advertizing outlook remains subdued owed to macroeconomic pressures, geopolitical tensions, and large sporting events similar IPL.
Q: Could you stock the quantum of non-recurring B2B deals and the outlook for FY 2026? A: These contented licensing deals are lumpy and non-recurring. While I can't disclose the nonstop value, they importantly impacted our topline this year. However, the outlook for adjacent twelvemonth is positive, with a beardown contented pipeline expected to thrust growth. - CEO
Q: Have immoderate of your channels breached even, and what is the emblematic break-even timeline? A: One transmission broke adjacent astir 1.5 years ago, and different is adjacent break-even with debased investment. The large concern is successful Shemaroo Umang, focusing connected archetypal content. - CEO
Q: What is the roadmap to execute profitability, considering the inventory write-off? A: The accelerated inventory complaint is importantly higher than the PBT loss. If added back, the PBT would beryllium positive. We are focusing connected outgo rationalization and strategical investments to amended profitability. - CEO
Q: What would beryllium the ROCE and ROE if the accelerated inventory complaint was not taken? A: The accelerated complaint for the twelvemonth is betwixt 150 to 160 crores. Adding this backmost would marque the PBT affirmative by astir 40 crores. - CEO
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