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Shemaroo Entertainment Ltd.

BSE: 538685 Sector: Media
NSE: SHEMAROO ISIN Code: INE363M01019
BSE 00:00 | 14 Aug 477.65 -1.20
(-0.25%)
OPEN

485.00

HIGH

490.00

LOW

470.00

NSE 00:00 | 14 Aug 476.50 -5.20
(-1.08%)
OPEN

498.90

HIGH

498.90

LOW

472.05

OPEN 485.00
PREVIOUS CLOSE 478.85
VOLUME 477
52-Week high 595.00
52-Week low 324.95
P/E 17.82
Mkt Cap.(Rs cr) 1,298
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 485.00
CLOSE 478.85
VOLUME 477
52-Week high 595.00
52-Week low 324.95
P/E 17.82
Mkt Cap.(Rs cr) 1,298
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Shemaroo Entertainment Ltd. (SHEMAROO) - Chairman Speech

Company chairman speech

Dear Shareholders

The Financial Year 2016-17 has been one of the most definitive in terms of the futureof the Indian Media and Entertainment (M&E) industry.

Financially the company had an overall healthy performance considering the volatileeconomic and industry scenario. Our Revenues grew around 14% from the previous year to INR4255 Mn our EBITDA grew by 20% year on year to INR 131 Mn with the EBITDA Marginsimproving by 150 Bps against last year to 30.5%. Also we clocked an 18% growth in ourprofitability Year on Year at INR 615 Mn.

Our New Media business continued its growth trajectory with revenues swelling by 45%versus the previous year to INR 923 Mn. Our strong performance underscores our vision andcommitment to scaling up our revenues from digital media. We are at an exciting juncturein the evolution of the digital space and with our vast library we intend to make themost of this opportunity. To maintain the momentum of our growth trajectory in thisbusiness we will look to further explore and monetise our content on various upcomingplatforms. Improvements in technology and infrastructure continue to contribute to scalingup our revenue from digital platforms. This year we also entered the Limca Book ofRecords for the 'First and Longest Antakshari on Twitter' and also broke the record forthe 'Most Tweets in a Day to the Public' on Twitter for our digital campaign#FilmiGaaneAntakshri.

On the Traditional Media front the company experienced marginal growth even after theunexpected demonetisation event which caused a temporary disruption across most sectorsof the Indian economy. The effect was especially noticeable to companies in the media andentertainment industry including us as most corporate advertisement spend budgets werecut down or delayed due to the impacted buying patterns of the end consumer. At the sametime it must be noted that recovery in the ad spends started to come in by the end of thefourth quarter. Our strategy in Traditional Media will be to continue leveraging thestrength of our library based on the strong relationships we have developed across theindustry. The quality and quantity of Shemaroo's content library allows us to work withmost players in the distribution space.

Looking ahead the future of the M&E industry is more keenly focused on the word'digital'. The smartphone is manifesting itself as a powerful medium to bridge the contentconsumption divide across socio-economic classes and categories. With the continuedgovernment push towards digital consumption and payments improving telecommunicationinfrastructure and the launch of large market disruptive players such as Reliance Jiothe mass adoption of technology is a foregone conclusion.

In conclusion with a young talented and passionate team at Shemaroo we continue tobe very excited and confident about the future growth prospects of our company. We believewe are better placed today than ever before to garner the immense growth opportunity inour industry.

Sincerely

Raman Maroo