Shemaroo Entertainment Q2 results: loss at ₹26.22Cr, Revenue decreased by 18.53% YoY

Shemaroo Entertainment Q2 Results Live : Shemaroo Entertainment declared its Q2 results on 17 Oct, 2024, revealing a significant decline in revenue and a net loss for the period. The company's topline decreased by 18.53% year-over-year, leading to a loss of ₹26.22 crore, a stark contrast to the profit of ₹4.88 crore reported in the same period last fiscal year.

Despite the yearly downturn, Shemaroo Entertainment noted a slight quarter-over-quarter improvement, with revenue growing by 4.97% from the previous quarter. However, the company's operating income took a severe hit, plummeting by 88.01% quarter-over-quarter and 277.62% year-over-year.

In terms of expenses, Shemaroo reported that Selling, General & Administrative (SG&A) expenses remained unchanged on a quarter-over-quarter basis but experienced a 7.57% increase year-over-year.

The company's earnings per share (EPS) for Q2 stood at ₹-9.62, reflecting a staggering decrease of 634.44% year-over-year, indicating the financial challenges faced during this period.

Shemaroo Entertainment's stock performance has also shown volatility, delivering a -5.23% return in the past week, while achieving a 10.93% return over the last six months and an 11% year-to-date return.

As of now, Shemaroo Entertainment boasts a market capitalization of ₹485.79 crore, with its shares trading between a 52-week high of ₹240 and a low of ₹127.6.