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Shemaroo Entertainment Q2 FY27 results: net loss narrows to ₹7.27 crore, revenue down 1.5%
Shemaroo Entertainment Limited reported consolidated Q2 FY27 revenue of ₹141.25 crore, down 1.5% from Q2 FY26, while the net loss narrowed to ₹7.27 crore from ₹45.53 crore. EBITDA was an EBITDA loss of ₹2.33 crore, compared with an EBITDA loss of ₹54.76 crore a year earlier; basic EPS was ₹2.59.
Key points
- Consolidated Q2 FY27 revenue was ₹141.25 crore, down 1.5% from ₹143.38 crore in Q2 FY26.
- The EBITDA loss narrowed to ₹2.33 crore from ₹54.76 crore, with the margin improving to -1.7% from -38.2%.
- Shemaroo Entertainment reported a net loss of ₹7.27 crore in Q2 FY27 versus a net loss of ₹45.53 crore in Q2 FY26; basic EPS was ₹2.59.
- Digital revenue grew 25.6% year on year to ₹756 million, while traditional media revenue fell 21.1% to ₹656 million.
- H1 FY27 revenue was ₹272.93 crore, down 3.5% from H1 FY26, while the net loss narrowed to ₹15.35 crore from ₹91.29 crore.
How did Shemaroo Entertainment perform in Q2 FY27?
Shemaroo Entertainment reported consolidated revenue of ₹141.25 crore in Q2 FY27, down 1.5% from ₹143.38 crore in Q2 FY26 and up 7.3% from ₹131.68 crore in Q1 FY27. The company reported an EBITDA loss of ₹2.33 crore, compared with an EBITDA loss of ₹54.76 crore a year earlier and ₹1.82 crore in the previous quarter; the EBITDA margin was -1.7% against -38.2% and -1.4%, respectively.
The net loss was ₹7.27 crore in Q2 FY27, compared with a net loss of ₹45.53 crore in Q2 FY26 and ₹8.07 crore in Q1 FY27. Basic EPS was ₹2.59, against ₹16.57 a year earlier and ₹2.8 in the previous quarter. On a standalone basis, revenue was ₹130.19 crore and the company reported a net loss of ₹8.15 crore.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 141.25 | 131.68 | 143.38 | −1.5% | +7.3% |
| Other income | 0.84 | 0.61 | 0.44 | +90.9% | +37.7% |
| Total expenses | 153.03 | 142.76 | 206.83 | −26.0% | +7.2% |
| EBITDA | −2.33 | −1.82 | −54.76 | ||
| EBITDA margin | -1.7% | -1.4% | -38.2% | +36.5 pp | −0.3 pp |
| Profit before tax | −10.94 | −10.46 | −63.01 | ||
| Tax | −3.67 | −2.39 | −17.47 | ||
| Net profit | −7.27 | −8.07 | −45.53 | ||
| EPS (₹) | −2.59 | −2.80 | −16.57 |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in Shemaroo Entertainment's costs and profit?
Total expenses fell to ₹153.03 crore in Q2 FY27 from ₹206.83 crore in Q2 FY26, a decline of ₹53.80 crore. Cost of materials decreased by ₹51.39 crore to ₹100.42 crore, employee cost declined by ₹1.91 crore to ₹32.04 crore, depreciation fell by ₹0.29 crore to ₹1.24 crore and other expenses declined by ₹1.26 crore to ₹11.12 crore. Finance costs increased by ₹1.05 crore to ₹8.21 crore.
Other income rose by ₹0.40 crore to ₹0.84 crore from ₹0.44 crore a year earlier. There was no exceptional item in Q2 FY27. The tax line moved by ₹13.80 crore from ₹17.47 crore in Q2 FY26 to ₹3.67 crore, while loss before tax was ₹10.94 crore against ₹63.01 crore in the year-ago quarter.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 100.42 | 151.81 | −51.39 | −33.9% |
| Employee cost | 32.04 | 33.95 | −1.91 | −5.6% |
| Finance costs | 8.21 | 7.16 | +1.05 | +14.7% |
| Depreciation | 1.24 | 1.53 | −0.29 | −19.0% |
| Other expenses | 11.12 | 12.38 | −1.26 | −10.2% |
| Total expenses | 153.03 | 206.83 | −53.80 | −26.0% |
| Other income | 0.84 | 0.44 | +0.40 | +90.9% |
| Tax | −3.67 | −17.47 | +13.80 |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In the first half of FY27, Shemaroo Entertainment reported consolidated revenue of ₹272.93 crore, total income of ₹274.38 crore, loss before tax of ₹21.4 crore and a net loss of ₹15.35 crore. Basic EPS was ₹5.41. In H1 FY26, revenue was ₹282.9 crore, total income was ₹287.01 crore, loss before tax was ₹123.97 crore and the net loss was ₹91.29 crore.
Revenue declined by ₹9.97 crore, or 3.5%, in H1 FY27 compared with H1 FY26, while total income declined by ₹12.63 crore, or 4.4%. The loss before tax narrowed by ₹102.57 crore and the net loss narrowed by ₹75.94 crore. The same-day presentation showed digital revenue of ₹1,313 million, up 3.0%, and traditional media revenue of ₹1,416 million, down 8.8%.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 272.93 | 282.90 | −3.5% |
| Profit before tax | −21.40 | −123.97 | |
| Net profit | −15.35 | −91.29 | |
| EPS (₹) | −5.41 | −33.33 |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 30 September 2026, total assets were ₹705.53 crore, compared with ₹685.78 crore at 31 March 2026. Total equity was ₹253.25 crore against ₹267.21 crore, borrowings were ₹301.45 crore against ₹299.74 crore and cash was ₹5.33 crore against ₹3.51 crore. Inventories were ₹346.06 crore, trade receivables ₹71.1 crore and trade payables ₹125.5 crore.
H1 FY27 operating cash flow was ₹16.41 crore, compared with ₹32.18 crore in H1 FY26. Investing cash flow was ₹0.25 crore against -₹2.33 crore, financing cash flow was -₹14.84 crore against -₹19.82 crore and capital expenditure was ₹0.16 crore against ₹1.5 crore.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 705.53 | 685.78 |
| Total equity | 253.25 | 267.21 |
| Borrowings | 301.45 | 299.74 |
| Cash and equivalents | 5.33 | 3.51 |
| Inventories | 346.06 | 339.07 |
| Trade receivables | 71.10 | 69.41 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 16.41 | 32.18 |
| Cash from investing | 0.25 | −2.33 |
| Cash from financing | −14.84 | −19.82 |
| Capital expenditure | 0.16 | 1.50 |
Source: Company's results filing (XBRL).
How has Shemaroo Entertainment done over the last 8 quarters?
Revenue reached ₹204.27 crore in Q4 FY25, the highest point in the reported series, and fell to ₹131.68 crore in Q1 FY27 before rising to ₹141.25 crore in Q2 FY27. The reported net loss was lowest at ₹4.95 crore in Q4 FY25 and highest at ₹71.97 crore in Q4 FY26; it narrowed to ₹7.27 crore in Q2 FY27.
The EBITDA margin was highest at 1.2% in Q4 FY25 and lowest at -62.5% in Q4 FY26. It improved to -1.7% in Q2 FY27 from -1.4% in Q1 FY27, with revenue and the net loss both moving in the latest quarter.
What else did the company announce?
The board approved the unaudited standalone and consolidated financial results for the quarter ended 30 September 2026 at its meeting on 2 November 2026. The company also filed an earnings presentation for the quarter and half year ended 30 September 2026 under Regulation 30(6) of the SEBI Listing Obligations and Disclosure Requirements.
The same-day filing did not state a dividend, fund raise or appointment. The earnings presentation said that digital revenue growth was driven by B2B licensing deals and higher YouTube ad revenue, while the prolonged BARC blackout dampened advertiser sentiment and broadcast revenue; other broadcasters’ delayed content investments also led to deferred TV B2B licensing deals.
What did Shemaroo Entertainment's management say?
Management said the upcoming festive season was expected to boost advertising demand, while persistent geopolitical uncertainties and increasing input costs faced by advertisers could dampen sentiment and advertising expenditure. It also said that continuation of the BARC ratings blackout was likely to weigh on television-industry revenues.
Management said it was implementing cost rationalisation across the traditional business, increasing investment and focus in digital, and maintaining disciplined content investments. The earnings presentation also reported digital revenue growth of 25.6% year on year, supported by B2B licensing deals and higher YouTube ad revenue. The earnings call was held on 3 November 2026, and its transcript was filed on 5 November 2026.
How did Shemaroo Entertainment shares react?
The stock rose 1.0% in the first 5 minutes after the filing, 2.0% after 15 minutes and 2.9% after 30 minutes. On the reaction day, it fell 2.4% from its pre-results close of ₹101.00; by the next day’s close, it was down 1.0% from that close. The Media & Entertainment industry’s other stocks had a median move of 0.0% on the reaction day and 1.2% by the next day’s close.
Earlier reaction-day moves were -4.3% on 23 July 2026, -3.0% on 16 May 2026, -0.4% on 29 January 2026 and -0.8% on 5 November 2025. Five-day and one-month reactions were not available for the current result.
| After the filing | Stock | Media & Entertainment median |
|---|---|---|
| 5 minutes | +1.0% | |
| 15 minutes | +2.0% | |
| 30 minutes | +2.9% | |
| Reaction day | −2.4% | +0.0% |
| Next day | −1.0% | +1.2% |
Minutes are measured from the price when the filing appeared; days from the previous close. Source: MarketPing price-reaction measurement.
| Results filed on | Stock on the reaction day |
|---|---|
| 23 July 2026 | −4.3% |
| 16 May 2026 | −3.0% |
| 29 January 2026 | −0.4% |
| 5 November 2025 | −0.8% |
| 24 July 2025 | −4.1% |
| 13 May 2025 | +0.4% |
| 16 January 2025 | −2.7% |
| 17 October 2024 | −3.4% |
Source: MarketPing price-reaction measurement.
How did other Media & Entertainment companies do?
Five other Media & Entertainment companies had filed for the quarter, with a median revenue growth of 9.4%. One peer grew more slowly than Shemaroo Entertainment and four grew faster. Four peers reported higher profit, while profit was compared for six peers.
| Shemaroo Entertainment revenue growth (YoY) | −1.5% |
|---|---|
| Median of 5 other Media & Entertainment companies | +9.4% |
| Companies with slower revenue growth than Shemaroo Entertainment | 1 of 5 |
| Companies with faster revenue growth than Shemaroo Entertainment | 4 of 5 |
| Companies whose net profit rose | 4 of 6 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Shemaroo Entertainment's revenue in Q2 FY27?
Revenue from operations was ₹141.25 crore, down 1.5% from ₹143.38 crore in Q2 FY26 (consolidated).
Did Shemaroo Entertainment make a profit in Q2 FY27?
No. It reported a net loss of ₹7.27 crore, against a net loss of ₹45.53 crore in Q2 FY26.
What was Shemaroo Entertainment's EPS in Q2 FY27?
Basic loss per share was ₹2.59, against a loss of ₹16.57 in Q2 FY26.
How did Shemaroo Entertainment shares react to the Q2 FY27 results?
On the reaction day the stock moved −2.4% from the previous close; the median Media & Entertainment stock moved +0.0%.
When did Shemaroo Entertainment announce its Q2 FY27 results?
On 2 November 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Approval Of The Unaudited Financial Results Of The Company For The Period Ended September 30, 2026. (BSE, 23 October 2026) · PDF
- Unaudited Financial Results For The Period Ended September 30, 2026 (BSE, 2 November 2026) · PDF
- The earnings call (5 November 2026)
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
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