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Tag: Buddhichand Maroo

  • Shemaroo reports improved numbers for Q3 2019

    Shemaroo reports improved numbers for Q3 2019

    BENGALURU: Indian media and entertainment content house Shemaroo Entertainment Ltd (Shemaroo) reported 12.3 per cent y-o-y increase in consolidated revenue from operations and 9 per cent y-o-y increase in consolidated profit after tax (PAT) for the quarter ended 31 December 2018 (Q3 2019, quarter or period under review) as compared to the corresponding year ago quarter. Consolidated Total Comprehensive Income (TCI) for the quarter also increased 10 per cent y-o-y as compared to the previous year ago quarter.

    Operating revenue for Q3 2019 was Rs 148.95 crore as compared to Rs 132.63 crore in Q3 2018. Total revenue for the period at Rs 149.64 crore was 12.6 per cent higher y-o-y than Rs 132.85 crore. PAT and TCI for Q3-2019 were Rs 19.56 crore and Rs 19.57 crore respectively as compared to Rs 17.95 crore and Rs 17.79 crore respectively for the corresponding year ago quarter. Operating profit (EBITDA) for the quarter at Rs 35.29 crore was almost flat (declined 1.5 per cent) y-o-y as compared to Rs 35.81 crore in Q3 2018.

    Let us look at the other numbers reported by Shemaroo

    Total Expenditure in Q3 2019 increased 15.6 per cent y-o-y to Rs 121.82 crore as compared to Rs 105.22 crore. Cost of raw materials consumed in the period under review increased 11.5 per cent y-o-y to Rs 90.14 crore from Rs 80.33 crore.

    Employee benefit expense for Q3 2019 increased 47.2 per cent y-o-y to Rs 15.09 crore from Rs 10.25 crore. Finance costs for Q3 2019 reduced 8.2 per cent y-o-y to Rs 6.52 crore from Rs 7.1 crore. Other expenses for the quarter under review increased 46.9 per cent y-o-y to Rs 8.43 crore from Rs 5.74 crore.

  • Shemaroo Entertainment’s Founder Buddhichand Maroo Felicitated with GIFA Golden Award

    Shemaroo Entertainment’s Founder Buddhichand Maroo Felicitated with GIFA Golden Award

    MUMBAI: Founder of Shemaroo Entertainment Limited, Mr. Buddhichand Maroo was recently felicitated with the GIFA Golden Award at the 3rd edition of Gujarati Iconic Film Awards (GIFA) 2018 in Ahmedabad. Mr. Maroo has contributed significantly towards the growth of the entertainment industry and established a well-known company, Shemaroo Entertainment, which is now in its 55th year of existence and has practically become a household name in India.

    In 1962, at a young age of 22, Buddhichand Maroo started a book circulating library in the year under the name of Shemaroo. In 1979, Shemaroo set up India’s first video rental business and then forayed into distribution of content through the home video segment in 1987. The clientele acquired by Mr. Buddhichand Maroo was the likes of Tata’s, Birla’s, Ambani’s and many theatre and Bollywood personalities. The company has now become a national brand and is a leading Indian content power house with a global reach, delivering premium content experiences in more than 30 countries.

    Based out of Mumbai, Mr. Maroo is into a lot of social work and occasionally travels to his home town of Kutch to oversee the development. GIFA 2018 awarded Mr. Buddhichand Maroo, keeping in mind all the work and efforts he had put through for the Gujarati Film Industry. Gujarati Iconic Film Awards 2018 is a unique initiative by Arvietal Entertainment to promote Gujarati Film Industry based on various parameters. Gujarati Film Industry informally referred as Dhollywood, is one of the major regional and vernacular film industry of Cinema of India associated with Gujarati language.