Shemaroo Entertainment lost 6.11% to Rs 378 at 12:41 IST on BSE after consolidated net profit fell 16.28% to Rs 13.78 crore on 4.15% fall in net sales to Rs 98.64 crore in Q4 March 2017 over Q4 March 2016.
The result was announced after market hours yesterday, 9 May 2017.Meanwhile, the S&P BSE Sensex was up 228.69 points, or 0.76% to 30,161.94. The S&P BSE Small-Cap index was up 117.11 points, or 0.75% to 15,661.74
On BSE, so far 38,000 shares were traded in the counter, compared with an average volume of 10,174 shares in the past one quarter. The stock hit a high of Rs 390.10 and a low of Rs 349.05 so far during the day. The stock hit a record high of Rs 439.45 on 23 January 2017. The stock hit a 52-week low of Rs 294 on 29 September 2016.
The stock had underperformed the market over the past one month till 9 May 2017, rising 0.1% compared with 1.21% rise in the Sensex. The scrip, however, underperformed the market in past one quarter, falling 4.1% as against Sensex's 5.81% rise.
The small-cap company has an equity capital of Rs 27.18 crore. Face value per share is Rs 10.
Shemaroo Entertainment's EBITDA (earnings before interest, taxes, depreciation and amortization) decreased by 4.6% to Rs 32.36 crore in Q4 March 2017 over Q4 March 2016. EBITDA margin stood at 32.6% in Q4 March 2017 as against 33% in Q4 March 2016.
Hiren Gada, Wholetime Director and CFO, Shemaroo Entertainment said that the Q4 March 2017 traditional media business was affected due to ad slowdown post demonetization. The company's focus on digital media business has continued to yield positive results and it continues to strengthen the growth trajectory by adding quality content to library.
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Shemaroo Entertainment is an established filmed entertainment "Content House" in the country, active in Content Ownership, Creation, Aggregation and Distribution with a large content library of over 3,400 titles. Shemaroo is engaged in the distribution of content for satellite channels, physical formats and emerging digital technologies like the Mobile, Internet, Broadband, IPTV and DTH among others.
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