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Shemaroo new media revenues up 41.7% to Rs 28.53 crores

Shemaroo’s new media revenues increase by 41.7% to Rs 28.53 crores, up from 20.15 crores in Q1-FY17. In the preceding quarter, the company reported new media revenue of Rs 24.76 crore, prior to which it had reported Rs 23.51 crores in Q2, and Rs 23.95 crores in Q2. While new media accounted for 27.8% of Shemaroo's overall operating income, it's not lost on us that Traditional Media revenues declined by 1.5% year on year, and just a year ago, new media was 21.18% of total revenues for Shemaroo. Growth is coming from new media, and the launch of multiple video platforms is helping Shemaroo. From its annual report: "On a positive note, this year also saw the entry of various new OTT platforms in India, with players such as Netflix, Amazon Prime, Vuclip and many others entering the Indian digital entertainment space. Additionally, leading broadcast networks, production houses and content owners also launched OTT platforms, creating more avenues for a company like Shemaroo to monetise its content" Traditional offline revenues stood at Rs 73.82 crores, down 1.5% from Rs 74.96 crores in the same period last year. Overall, the company made Rs 102.34 crore in revenue during Q1FY18, which is up 7.6% YoY from Rs 95.09 crore. Shemaroo’s net profit after tax stood at Rs. 15.93 crores crore for the quarter, up 12.3% YoY from Rs. 14.18 crore in the same period last year, along with a Profit After Tax Margin (PAT) of 15.2% in Q1FY18 as compared to 14.7% in Q1FY17. Founded in 1962,…

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Founder @ MediaNama. TED Fellow. Asia21 Fellow @ Asia Society. Co-founder SaveTheInternet.in and Internet Freedom Foundation. Advisory board @ CyberBRICS

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

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