Shemaroo Entertainment LimitedQ1 FY27 Results & Financial Update
Shemaroo Entertainment Limited: Q1 FY27 consolidated results and company financials – revenue ₹131.68 Cr, PAT ₹-8.07 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
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Chart · Market context
Shemaroo Entertainment price & chart
Quarter overview
Quarterly earnings analysis
Shemaroo Entertainment recorded consolidated revenue from operations of INR 131.68 crore (INR 1,317 million) for the quarter ended June 30, 2026, marking a 5.6% year-on-year decrease from INR 1,395 million in Q1 FY26. Total income stood at INR 132.30 crore.
The company reported a consolidated net loss after tax (PAT) of INR 8.07 crore (INR 81 million) for Q1 FY27, representing a narrowing of losses compared to a net loss of INR 458 million in Q1 FY26 and INR 720 million in Q4 FY26. Basic and diluted EPS for the quarter was INR -2.80.
EBITDA improved significantly by 96.7% year-on-year to a negative INR 1.80 crore (INR -18 million) with an EBITDA margin of -1.38%, compared to an EBITDA of negative INR 555 million in the corresponding quarter of the previous fiscal year. PBT for the period was negative INR 10.46 crore.
Divisional performance reflected contrasting trends: the digital media segment contracted by 17.3% year-on-year to INR 55.7 crore due to deferred B2B syndication deals resulting from geopolitical uncertainties and lumpy execution. Conversely, the traditional media segment grew 5.2% year-on-year to INR 76.0 crore, supported by selective B2B licensing closures.
The quarterly results included ongoing investments in new strategic initiatives, with expenses net of revenue totaling INR 19.6 crore (INR 196 million) impacting bottom-line profitability during Q1 FY27.
On the operating front, consumer-facing digital businesses showed resilience through fresh content rollouts, enhanced audience engagement, and better advertising monetization across YouTube and OTT platforms.
Profit after tax was ₹-8.07 Cr for the reported quarter. EPS was ₹-2.80 for the reported quarter.
01 · Business model
What does Shemaroo Entertainment do?
Shemaroo Entertainment Limited is an established content creator, aggregator, and distributor operating across traditional and digital media platforms globally. Over its six-decade history, the company has built a vast content library spanning movies, web series, and theatrical plays.
The operational footprint is divided into digital media and traditional media divisions. Digital channels encompass YouTube operations, direct-to-consumer apps like ShemarooMe, and B2B digital syndication, while traditional segments cover broadcasting, DTH, and in-flight TV syndication.
The revenue model combines advertising monetization across digital properties, subscription fees from streaming platforms, and licensing fees from broadcasting networks and global syndication partners.
02 · Historical context
What shaped the business before this quarter
Since 2018, Shemaroo transitioned its revenue composition significantly, growing digital contribution from 20% pre-2018 to 47% in FY26, while traditional media adjusted to 53%.
03 · Financial snapshot
Current-quarter financial snapshot
| Metric | Q1 FY27 |
|---|---|
| Revenue from operations | ₹131.68 Cr |
| Total income | ₹132.30 Cr |
| Profit before tax | ₹-10.46 Cr |
| Profit after tax | ₹-8.07 Cr |
| EPS | ₹-2.80 |
Financial interpretation
What the reported numbers mean
Profit after tax represented -6.1% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Profit before tax was equivalent to -7.9% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.
Total income exceeded operating revenue by ₹0.61 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
04 · Why it moved
Why the quarter looked the way it did
What drove revenue
Traditional media operations generated INR 76.0 crore in Q1 FY27, up 5.2% year-on-year, driven by the closure of selective B2B licensing deals that compensated for a subdued advertising market.
Digital media revenue declined 17.3% year-on-year to INR 55.7 crore as select B2B digital syndication deals were deferred on account of geopolitical uncertainty and the inherently lumpy nature of syndication revenues.
What drove margins
Consolidated EBITDA losses reduced sharply to INR 18 million in Q1 FY27 compared to INR 555 million in Q1 FY26, reflecting tighter cost containment and improved operational efficiencies.
Profitability during the quarter continued to absorb expenses related to new strategic initiatives, which amounted to INR 196 million net of revenue.
05 · Demand, customers & order book
Where demand is coming from
Shemaroo FilmiGaane surpassed 74.7 million subscribers, Shemaroo Ent crossed 61.9 million subscribers, and the overall portfolio generated approximately 9.0 billion views during Q1 FY27 (excluding Shorts).
ShemarooMe Gujarati acquired the OHO Gujarati catalogue in April 2026, adding over 22 original web series, alongside releasing 10 new titles comprising movies, web series, and plays.
06 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
Generated INR 55.7 crore in Q1 FY27, lower by 17.3% compared to INR 67.3 crore in Q1 FY26, impacted by deferred B2B syndication transactions.
Contributed INR 76.0 crore in Q1 FY27, higher by 5.2% compared to INR 72.2 crore in Q1 FY26, aided by strategic B2B licensing closures.
07 · Strategy & new businesses
How the company is trying to change its growth mix
Acquired the OHO Gujarati content library in April 2026 to strengthen the ShemarooMe regional OTT value proposition with over 22 original web series.
08 · Reported developments
What changed operationally
Shemaroo's first AI-powered brand campaign, 'Kindness Badhaye Goodness', won a Baby Blue Elephant at the Kyoorius Creative Awards 2026 and a Bronze at the Good Ads Matter Awards.
Acted as the worldwide digital and satellite distribution partner for the Malayalam action thriller 'Kattalan'.
09 · Pressure points & risks
What is not going smoothly
Management noted that the ongoing BARC blackout, macroeconomic pressures, and geopolitical tensions are expected to keep the advertising outlook for traditional businesses subdued in the near term.
10 · Items worth noticing
The line items that can distort a quick read
Q1 FY27 profit and loss accounts included expenses on new initiatives (net of revenue) amounting to INR 196 million.
11 · Beyond the numbers
What changed beyond the numbers
ShemarooMe Gujarati Releases
Premiered original web series 'Kajodu', World digital premiere movie 'Jalebi Rocks', and other prominent web series including 'Vitthal Teedi S1', 'Kadak Mitthi S1 & S2', and 'Cutting S1'.
12 · Key Q&A
The quarter, answered directly
What does Shemaroo Entertainment do?
Shemaroo Entertainment Limited is an established content creator, aggregator, and distributor operating across traditional and digital media platforms globally. Over its six-decade history, the company has built a vast content library spanning movies, web series, and theatrical plays.
What is the clearest takeaway from Q1 FY27?
Shemaroo Entertainment recorded consolidated revenue from operations of INR 131.68 crore (INR 1,317 million) for the quarter ended June 30, 2026, marking a 5.6% year-on-year decrease from INR 1,395 million in Q1 FY26. Total income stood at INR 132.30 crore.
What drove revenue or demand?
Traditional media operations generated INR 76.0 crore in Q1 FY27, up 5.2% year-on-year, driven by the closure of selective B2B licensing deals that compensated for a subdued advertising market.
What mattered most for margins or profitability?
Consolidated EBITDA losses reduced sharply to INR 18 million in Q1 FY27 compared to INR 555 million in Q1 FY26, reflecting tighter cost containment and improved operational efficiencies.
What changed operationally beyond the headline numbers?
Acquired the OHO Gujarati content library in April 2026 to strengthen the ShemarooMe regional OTT value proposition with over 22 original web series.
What are the main pressure points disclosed for the quarter?
Management noted that the ongoing BARC blackout, macroeconomic pressures, and geopolitical tensions are expected to keep the advertising outlook for traditional businesses subdued in the near term.
13 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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14 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Digital Syndication Execution: Monitor the closure of deferred B2B digital syndication deals and potential recovery in digital segment revenue growth.
- 02
Advertising Environment: Track advertising recovery trends across traditional broadcasting and linear television amid the BARC blackout and macroeconomic headwinds.
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