Shemaroo Entertainment’s FY23 revenue up 46% YOY
The company’s total income for FY23 stands at Rs 538 crore
Shemaroo Entertainment’s revenue has increased by 45.9 % to Rs 556.6 crore for the financial year 2022-23, the company said in its annual report.
The company’s total income was up to Rs 538 crore in FY23 from Rs 370 crore in FY22 while its total expenditure also saw a jump from Rs 363 crore to Rs 525 crore.
For the financial year 2022-23, Shemaroo’s EBITDA was Rs 473 million and the net profit was Rs 94 million. Its Profit After Tax (PAT) is Rs 7.2 crore in FY23 compared to Rs 6.4 crore in FY22.
The company’s digital media revenue for FY2022-23 stood at Rs 223.7 crore, a growth of 23.3% over the previous year contributing to 40% of the topline, while traditional media revenue stood at around INR 332.9 crore, a growth of 66.5% over previous year.
Hiren Gada, Whole Time Director and CEO of Shemaroo, said the company’s broadcasting business scaled new heights during FY22-23 as within three years of launch, it captured an impressive 9% market share in the highly competitive Hindi General Entertainment Channels (GEC) genre.
“Our broadcasting business continued to scale new heights during the year. Within three years of launch, we captured an impressive 9% market share in the highly competitive Hindi General Entertainment Channels (GEC) genre.
“This has been on the back of a strong content proposition on Shemaroo TV and Shemaroo Umang, where we launched four new original shows during the year. We recently launched our fourth broadcasting channel ‘Chumbak TV’, that offers animations shows and comedy content targeting the young Indians,” said Gada.
He also said that with a remarkable cumulative subscriber base exceeding 200 million across Shemaroo’s diverse YouTube channels, its viewership continued to soar.
“Each day, with over 100 million views, we solidified our presence as a prominent content provider. Our pride and joy, the renowned ‘Shemaroo Filmi Gaane’ channel, soared to incredible heights, becoming the 8th most subscribed channel in India and an impressive 22nd globally,” Gada said.
