Shemaroo’s debut Q2-2015 result on bourses: Good

Shemaroo’s debut Q2-2015 result on bourses: Good

BENGALURU: After its initial public offering (IPO) in September 2014, Shemaroo Entertainment has filed reasonably good results that could  improve further towards the end of fiscal 2015, if the trends shown in some of its IPO documentation continue.
 
Note: 100,00,000 = 100 lakhs = 10 million = 1 crore
All numbers in this report are consolidated numbers
 
 
The company has reported a 31.7 per cent increase in Total Income from Operations (TIO) at Rs 84.96 crore in Q2-2015 from Rs 64.49 crore in Q1-2015 and 21.4 per cent increase from the Rs 69.96 crore in the corresponding quarter of last year. The company’s net consolidated profit after tax has reduced 10.4 per cent quarter on quarter to Rs 8.57 crore (10.1 per cent of TIO) from Rs 9.56 crore (14.8 per cent of TIO) in Q1-2015, but jumped 37.1 per cent from Rs 6.25 crore (8.9 per cent of TIO) in Q2-2014.
 
For HY-2015, PAT at Rs 18.14 crore (12.1 per cent of TIO) was 73.3 per cent more than the Rs 10.47 crore (8.3 per cent of TIO) for HY-2014. For FY-2014, PAT at Rs 27.95 crore was 10.6 per cent of TIO and PAT for FY-2013 at Rs 24.58 crore was 11.4 per cent of TIO.
 
Diluted EPS (not annualised) is lower in Q2-2015 at Rs 4.30 versus the Rs 4.82 in Q1-2015, but higher than the Rs 3.15 in Q2-2014.  For HY-2015, diluted (not annualised) EPS was Rs 9.10 and for HY-2014, it was Rs 5.25. An EPS of Rs 14.08 for FY-2014 and Rs 12.38 for FY-2013 was reported for the company during its IPO.
 
The company’s Total Expenditure (TE) in Q2-2015 has gone up 41.4 per cent to Rs 64.91 crore (76.4 per cent of TIO) from Rs 45.89 crore (71.2 per cent of TIO) in the immediate trailing quarter and was 21.4 per cent more than the Rs 54.85 crore (78.4 per cent of TIO) in Q2-2014. For HY-2015, TE at Rs 110.8 crore (74.1 per cent of TIO) was 14.5 per cent more than the Rs 96.76 crore in HY-2014.