Financials
Q1-17: Shemaroo reports 23 percent growth in revenue, PAT up 20 percent
BENGALURU: Indian integrated media content house Shemaroo Entertainment Limited (Shemaroo) reported 23.5 percent higher y-o-y consolidated Total Income from Operations (TIO) for the quarter ended 30 June 2016 (Q1-17, current quarter) at Rs 95.87 crore as compared to the Rs 77.63 crore in Q2-16. However, TIO in the current quarter was 6.8 percent lower quarter-over-over (q-o-q) than the Rs 93.53 crore in Q4-16.
Shemaroo’s consolidated PAT for the current quarter improved 20.3 percent y-o-y to Rs 14.04 crore (14.6 percent margin) as compared to the Rs 11.67 crore (15 percent margin) but was 14.7 percent lower as compared to the Rs 16.46 crore (16 percent margin) in Q4-16.
Shemaroo’s EBIDTA including other income in the current quarter at Rs 30.14 crore (31.4 percent margin) increased 23 percent y-o-y from Rs 24.48 crore (31.5 percent margin), but declined 11.2 percent q-o-q from Rs 33.91 crore (33 percent margin).
Shemaroo’s wholetime director and CFO Hiren Gada, said, “It has been yet another quarter of consistent growth for us with the topline growing y-o-y and with healthy margins. Improving technology and infrastructure continues to contribute in scaling up our revenue from digital platforms. To maintain the momentum of upward trajectory in the business, we will look to further explore and monetize our content on various upcoming platforms.”
Let us look at the other numbers reported by Shemaroo
The company has two business divisions – New Media and Traditional media. Revenue from New Media business increased 50.3 percent y-o-y to Rs 20.14 crore from Rs 13.40 crore. Traditional Media revenue increased 16.7 percent y-o-y to Rs 74.96 crore from Rs 64.34 crore.
The company’s Total Expenditure (TE) in Q1-17 at Rs 67.13 crore (70 percent of TIO) was 23.2 percent more y-o-y than the Rs 54.50 crore (70.2 percent of TIO) but was 4.1 percent lower q-o-q than Rs 69.97 crore (68 percent of TIO).
The company’s cost of Raw Materials consumed decreased 37 percent y-o-y in Q1-17 to Rs 58.38 crore (60.9 percent of TIO) as compared to Rs 92.65 crore (119.3 percent of TIO) and decreased 3.9 percent q-o-q as compared to Rs 60.77 crore (59.1 percent of TIO).
Employee Benefit Expense (EBE) in Q1-17 increased 67.7 percent y-o-y to Rs 7.68 crore (8 percent of TIO) as compared to Rs 4.58 crore (5.9 percent of TIO) and increased 4.9 percent q-o-q as compared to Rs 7.32 crore (7.1 percent of TIO)
Basic and undiluted EPS (not annualised) for Q1-17 was Rs 5.17, for Q1-16 it was Rs 4.29; in Q4-2016 EPS was Rs 6.05.
Note: The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR). The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:
(a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.
(b) 10,000 lakh = 100 crore = 1 arab = 1 billion.
MUMBAI: It’s time to brief the markets: Page Industries is showing that even when regulations tighten, it can still keep its footing in the innerwear business. The Bengaluru-based apparel major has reported its financials for the quarter ended 31 December 2025, delivering a performance that remains steady and well put together.
The company’s top line showed plenty of elasticity this quarter. Revenue from operations stretched to Rs 1,38,675.71 lakhs, a healthy jump from the Rs 1,29,085.82 lakhs reported in the preceding quarter. Compared to the same period last year, which stood at Rs 1,31,305.10 lakhs, it’s clear the brand’s grip on the market isn’t loosening. Total income for the quarter, including other finance gains, reached a comfortable Rs 1,39,919.03 lakhs.
However, it wasn’t all smooth silk. The Government of India’s new unified Labour Codes, covering everything from wages to social security, officially kicked in on 21 November 2025. This regulatory shift forced Page Industries to account for a one-time “exceptional item” cost of Rs 3,500.42 lakhs to cover incremental employee benefits and related obligations. Despite this Rs 35-crore legislative snag, the underlying business remained robust. Profit before tax stood at Rs 25,625.35 lakhs after the exceptional hit, and without that one-off cost, the figure would have been a more muscular Rs 29,125.77 lakhs. Net profit for the quarter came in at Rs 18,953.64 lakhs.
Total expenses rose to Rs 1,10,793.26 lakhs, driven largely by raw material consumption of Rs 30,162.65 lakhs and employee benefits of Rs 23,310.66 lakhs. Even so, the company’s operational strength ensured the bottom line remained firmly stitched together.
For shareholders, the news is particularly “fitting.” The Board has declared a third interim dividend for 2025-26 of Rs 125 per equity share. The record date has been set for 11 February 2026, with the payment scheduled on or before 6 March 2026. This follows two previous interim dividends of Rs 150 and Rs 125 declared earlier in the financial year, reinforcing the company’s commitment to sharing the spoils of its success.
Looking at the nine-month stretch ending December 2025, Page Industries has amassed total income of Rs 4,04,090.59 lakhs, with total comprehensive income of Rs 58,231.49 lakhs. While the basic earnings per share for the quarter dipped slightly to Rs 169.93, compared to Rs 183.48 in the same quarter last year, the year-to-date EPS remains a solid Rs 524.57.
Auditors at S.R. Batliboi & Associates LLP have given the results a “limited review” thumbs up, reporting no material misstatements. It seems that, as far as Page Industries is concerned, the business remains as well-constructed as its famous Jockey briefs.
