Shemaroo Entertainment narrows Q1 loss to ₹8.05 crore on tight cost controls
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Adgully Bureau
| 7 hours ago
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Shemaroo Entertainment Limited reported a sharply narrowed consolidated net loss of ₹8.05 crore for the first quarter ended June 30, 2026 (Q1 FY27), compared to a loss of ₹45.81 crore in the corresponding period of the previous fiscal year. Consolidated revenue from operations registered a marginal decline to ₹131.68 crore, down from ₹139.52 crore in Q1 FY26. Total income, including other non-operating income, stood at ₹132.30 crore compared to ₹143.19 crore a year earlier.
The significant reduction in bottom-line losses was primarily driven by aggressive cost rationalization initiatives across core operational functions. Total consolidated expenses dropped to ₹142.76 crore from ₹204.15 crore in the year-ago quarter, with direct operational costs falling sharply to ₹90.28 crore from ₹152.26 crore. Employee benefit expenses rose slightly to ₹32.20 crore, while finance costs remained stable at ₹7.77 crore. Loss before tax stood at ₹10.46 crore compared to a loss of ₹60.96 crore in Q1 FY26, supported by a deferred tax credit of ₹2.39 crore.
On a standalone basis, the media enterprise recorded revenue from operations of ₹123.23 crore against ₹131.04 crore in the prior-year period, while net loss narrowed to ₹8.90 crore from ₹46.92 crore. Separately, Shemaroo reiterated that its ongoing Goods and Services Tax (GST) litigation—concerning an alleged inadmissible input tax credit demand of ₹70.26 crore along with penalties totaling ₹63.35 crore—remains sub judice. The Bombay High Court has stayed further recovery actions under the disputed orders and referred the matter to a larger bench for final adjudication.
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Media24-Jul-2026Shemaroo Entertainment
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