
Shemaroo Entertainment Limited announced its financial results for the third quarter ended December 31, 2024, reporting a net loss of ₹36.52 crore, a widening from ₹25.93 crore loss in the previous quarter and ₹30.43 crore loss in the same quarter last year.
Key Financial Highlights:
- Revenue from Operations:
- ₹164.37 crore in Q3 FY25, a slight increase from ₹162.06 crore in Q2 FY25, and up from ₹155.92 crore YoY in Q3 FY24.
- Total Income:
- ₹167.34 crore in Q3 FY25 compared to ₹162.74 crore in Q2 FY25 and ₹158.13 crore in Q3 FY24.
- Expenses:
- Total expenses rose to ₹218.14 crore in Q3 FY25 from ₹198.51 crore in Q2 FY25 and ₹184.49 crore in Q3 FY24, driven by higher operational costs.
- Loss Before Tax:
- ₹50.80 crore loss in Q3 FY25 compared to ₹35.77 crore loss in Q2 FY25 and ₹26.36 crore loss in Q3 FY24.
- Tax Expense:
- A tax credit of ₹14.27 crore was recorded in Q3 FY25, narrowing from ₹9.83 crore in Q2 FY25.
Despite a modest revenue increase, the company faced mounting losses primarily due to rising operational costs. This reflects ongoing challenges in the entertainment sector amidst evolving market dynamics.